Molluso Joseph 4
4 · Virtu Financial, Inc. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Virtu Financial Co-President Joseph Molluso Receives RSUs
What Happened
- Joseph Molluso, Co‑President and Co‑Chief Operating Officer of Virtu Financial (VIRT), reported vesting/settlement and conversion of restricted stock units (RSUs) and related derivative units on Feb 3–4, 2026. The filing lists award/settlement entries of 15,062 and 22,593 shares (total 37,655) and conversion/exercise entries of 11,588 and 7,531 shares (total 19,119). The issuer withheld 6,409 and 8,330 shares (total 14,739) to satisfy tax obligations. Many of the derivative/settlement entries show $0.00 price — these were internal settlements/crediting of units, not open‑market purchases or sales.
Key Details
- Transaction dates: Feb 3, 2026 and Feb 4, 2026 (Form 4 filed Feb 5, 2026 — timely within the usual two‑business‑day window).
- Reported prices: $0.00 on several derivative/conversion entries (indicates issuance/settlement, not a cash market trade).
- Shares reported as granted/settled: 15,062 and 22,593 (reported award/grant entries); conversions/exercises reported as 11,588 and 7,531.
- Shares withheld for taxes (payment of tax liability): 6,409 and 8,330 (total 14,739) per issuer withholding (code F).
- Footnotes: RSUs granted under Virtu’s 2015 Management Incentive Plan; some RSUs vested Feb 3 and Feb 4, some were previously deferred and credited as Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan. DSUs are generally payable on separation, a specified date, or change in control.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction codes explained: M = exercise/conversion of derivative (RSU/DSU conversion), A = award/grant, F = shares withheld to satisfy tax liabilities.
Context
- These entries reflect vested RSUs being settled/converted and tax withholding — common executive compensation activity and not an open‑market buy or sell. Because many items are internal conversions or DSU credits at $0.00, they do not directly signal buying or selling interest in the open market. Tax‑withholding (shares surrendered to cover taxes) is routine following vesting.
Insider Transaction Report
Form 4
Molluso Joseph
Co-President & Co-COO
Transactions
- Exercise/Conversion
Class A common stock
[F1]2026-02-03+11,588→ 526,262 total - Tax Payment
Class A common stock
[F2]2026-02-03−6,409→ 519,853 total - Award
Class A common stock
[F3]2026-02-04+15,062→ 534,915 total - Tax Payment
Class A common stock
[F2]2026-02-04−8,330→ 526,585 total - Exercise/Conversion
Restricted Stock Unit
[F4][F5]2026-02-03−11,588→ 71,285 total→ Class A common stock (11,588 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4][F6]2026-02-04−7,531→ 63,754 total→ Class A common stock (7,531 underlying) - Exercise/Conversion
Deferred Stock Unit
[F7][F8]2026-02-04+7,531→ 7,531 total→ Class A common stock (7,531 underlying) - Award
Restricted Stock Unit
[F4][F9]2026-02-04+22,593→ 86,347 total→ Class A common stock (22,593 underlying)
Footnotes (9)
- [F1]Shares of Class A common stock issued in settlement of vested RSUs granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.
- [F2]Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
- [F3]Shares of Class A common stock granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.
- [F4]Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- [F5]The RSUs vested on February 3, 2026.
- [F6]The RSUs vested on February 4, 2026 and were previously subject to a deferral election.
- [F7]Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.
- [F8]The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.
- [F9]The RSUs vest in three equal installments on February 4, 2027, February 4, 2028 and February 4, 2029.
Signature
Justin Waldie, as Attorney-in-Fact|2026-02-05