Nixon John 4

What Happened

• John Nixon, a director of Virtu Financial (VIRT), had restricted stock units (RSUs) settle on July 1, 2026. The filing shows a conversion/exercise of derivative units for 3,392 shares, those 3,392 shares were immediately reported as disposed at $0.00 (withheld for taxes), and 2,504 shares were reported as newly acquired as an award. These transactions arise from RSU vesting and are not open‑market purchases or sales; there were no cash proceeds reported.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (filing date shown in accession).
• Reported movements: 3,392 shares acquired via conversion of a derivative; 3,392 shares disposed at $0.00 (tax withholding); 2,504 shares acquired as an award. All reported at $0 because these were RSU settlements/withholdings.
• Total vested underlying shares reflected: 5,896 (3,392 + 2,504).
• Footnotes: F1 = shares withheld by issuer for taxes; F2 = each RSU converts to one Class A share; F3 = these RSUs vested on July 1, 2026; F4 = another tranche vests July 1, 2027.
• Shares owned after the reported transactions are not provided in the supplied data.
• The filing does not show a market sale or purchase—this is a routine equity compensation settlement. The supplied data does not include a timeliness flag; check the official EDGAR filing for any late‑filing notes.

Context

• Code M (exercise/conversion of derivative) here reflects RSUs converting into shares; the immediate $0.00 disposition indicates shares were withheld by the company to cover taxes (a common, non‑market transaction). Code A denotes shares issued as an award. Such settlements typically reflect compensation, not a change in insider market sentiment.