Virtu (VIRT) 10% Owner Virtu Employee Holdco Disposes Shares to Issuer

What Happened

• The reporting owner is Virtu Employee Holdco LLC (a 10% owner). Between 2026-05-01 and 2026-08-20 it disposed a series of securities to the issuer and converted/exercised related derivatives. Reported disposals total 565,800 shares (135,360 on 5/1; 20,000 on 5/20; 210,440 on 8/3; 200,000 on 8/20). No per-share prices or cash values are reported (N/A), indicating these were not open-market sales for cash but dispositions related to unit/share distributions and exchanges.

Key Details

• Transaction dates and counts:
  • 2026-05-01: 135,360 shares disposed (also listed as derivative disposition)
  • 2026-05-20: 20,000 shares disposed (also listed as derivative disposition)
  • 2026-08-03: 210,440 shares disposed (also listed as derivative disposition)
  • 2026-08-20: 200,000 shares disposed; listed as exercise/conversion of a derivative
• Prices/values: all transactions reported as N/A (no cash price or total value disclosed).
• Shares owned after transaction: not disclosed in the provided filing extract.
• Footnotes: F1–F2 state Virtu Financial Units and corresponding Class C shares were distributed to electing employees and then exchanged for Class A common stock in accordance with an Exchange Agreement — these dispositions relate to those distributions/exchanges.
• Filing timeliness: Form filed 2026-08-24 covering transactions through 2026-08-20; the filing does not indicate a late-report flag.

Context

• These entries reflect a 10% owner (an institutional/employee-related holding company) disposing of or converting units and related Class C shares in connection with distributions and an exchange process — not typical open-market insider selling. Because no prices or cash amounts are reported, there’s no direct value signal to infer. For derivative items, the filing indicates conversions/exercises tied to the unit/share exchange rather than a straightforward option exercise followed by an immediate market sale.