Cavoli Stephen 4/A

What Happened

• Stephen Cavoli, Executive Vice President of Virtu Financial (VIRT), had restricted stock units (RSUs) vest and convert into Class A common stock at $0 (RSU settlement) on Jan 31 and Feb 2, 2026. The filing shows a 37,500-share settlement on Jan 31 and a 10,309-share conversion on Feb 2.
• To satisfy tax withholding obligations, the issuer withheld shares: 19,144 shares (Jan 31) and 5,263 shares (Feb 2), totaling 24,407 shares withheld. These were recorded as disposals for tax withholding (transaction code F). This was not an open‑market sale or purchase by the insider.

Key Details

• Transaction dates and types: Jan 31, 2026 — 37,500 RSUs vested/settled (award/conversion); Feb 2, 2026 — 10,309 RSUs vested/converted. Tax-withholdings of 19,144 (Jan 31) and 5,263 (Feb 2).
• Prices/values: RSU settlements recorded at $0.00 per share (typical for RSU-to-share conversion); no cash proceeds to insider reported.
• Shares owned after transaction: not specified in this amended Form 4 filing.
• Notable footnotes: RSUs were performance-based awards under the company’s 2015 Management Incentive Plan; some RSUs were earned due to achievement of performance objectives and vested/settled on the listed dates. Each RSU represents a contingent right to one share.
• Filing details: This is an amended filing correcting transaction codes in the original Form 4 (per the remarks). No late‑filing status is indicated beyond the amendment.

Context

• These transactions are vesting/settlement of RSUs (derivative-to-share conversion), not stock purchases or open‑market sales. The withholding of shares to cover taxes is a common, administrative cashless settlement method and does not necessarily signal insider buying or selling intent.
• Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative (RSU conversion here), F = Payment of exercise price/tax withholding.