Molluso Joseph 4
4 · Virtu Financial, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Virtu Financial (VIRT) Co‑President Joseph Molluso Sells 200,000 Shares
What Happened
Joseph Molluso, Co‑President and Co‑COO of Virtu Financial, sold 200,000 shares of Virtu Financial common stock in an open‑market transaction on February 19, 2026. The filing reports a weighted average sale price of $38.88 per share, for a total proceeds amounting to $7,776,420. This was a sale (disposition) rather than a purchase; sales by insiders can be routine liquidity events and do not by themselves indicate company performance.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (appears timely under standard 2‑business‑day reporting rules).
- Transaction type/code: Open market sale (S).
- Shares sold: 200,000; weighted average price reported $38.88; total reported proceeds $7,776,420.
- Price range: Footnote F1 states the shares were sold in multiple trades at prices from $38.48 to $39.24; the filer can provide a breakdown of quantities at each price on request.
- Shares owned after the transaction: Not disclosed in the information provided in this summary (not reported here).
- Other footnotes: Filing includes RSU/DSU-related footnotes (F2–F5) describing outstanding restricted stock units, deferred stock units, vesting schedules (Feb 2027–2029), and the deferred compensation plan — these explain other equity awards but are separate from this open‑market sale.
Context
This was a straight sale of existing shares, not an exercise, gift, or award. The filing’s RSU/DSU footnotes indicate the insider also has equity awards that vest in future years or are held in a deferred compensation arrangement; those awards are not the transaction reported here. For investors, purchases tend to carry more direct informational value than routine insider sales, but tracking patterns of multiple sales or timing around corporate events can be useful.
Insider Transaction Report
- Sale
Class A common stock
[F1]2026-02-19$38.88/sh−200,000$7,776,420→ 326,585 total
- 86,347
Restricted Stock Unit
[F2][F3]→ Class A common stock (86,347 underlying) - 7,531
Deferred Stock Unit
[F4][F5]→ Class A common stock (7,531 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $38.48 to $39.24, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F2]Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- [F3]The RSUs vest in installments in February 2027, February 2028 and February 2029.
- [F4]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 Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.
- [F5]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.