Viola Michael T 4

What Happened

• Michael T. Viola, a reported 10% owner of Virtu Financial (VIRT), converted/ exercised derivative interests for 3,392 shares and had 2,504 restricted stock units (RSUs) vest and be settled into shares on July 1, 2026. The filings show $0.00 prices — these were conversions/settlements, not open-market purchases or cash sales. Net effect reported in this Form 4: +2,504 shares (3,392 acquired and 3,392 disposed as part of the derivative conversion, plus 2,504 issued in settlement of vested RSUs).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
• Reported transactions:
  • Exercise/conversion of derivative (M): 3,392 shares acquired (price N/A) and 3,392 shares disposed at $0.00 (derivative).
  • Grant/award (A): 2,504 RSU-settled shares acquired at $0.00.
• Net increase in shares from this filing: +2,504 shares.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • F1/F2/F3: 2,504 shares were issued in settlement of RSUs that vested on July 1, 2026; additional RSUs vest on July 1, 2027.
  • F5: Conversion rights reflect an Exchange Agreement allowing Virtu Financial Units/C shares to be exchanged one-for-one for Class A common stock.
  • F6: Holdings are held through Virtu Employee Holdco LLC; the reporting person disclaims beneficial ownership except for pecuniary interest.
• Filing timing: The Form 4 was filed five days after the transactions; Form 4s are generally due within two business days, so this filing appears later than the standard window.

Context

• These entries reflect non‑market transactions (derivative conversions and RSU settlements), not open‑market buying or selling. The $0.00 amounts indicate shares issued or converted under plan terms rather than cash purchases/sales.
• As a 10% owner (reported), Viola’s holdings include interests held via an employee holding vehicle; the filing disclaims direct beneficial ownership of units held by that entity except to the extent of pecuniary interest.