Clack Amy 4

What Happened Amy Clack, Chief Administrative Officer and Chief Risk Officer of Tradeweb Markets (TW), sold a total of 1,677 shares of Tradeweb stock in two open‑market transactions on February 10, 2026. The sales were 838 shares for $96,102 and 839 shares for $96,217, both at $114.68 per share, for aggregate proceeds of roughly $192,319. These were sales (not purchases); the filing indicates they were executed under a pre‑arranged Rule 10b5‑1 trading plan, which is commonly used to schedule sales in advance.

Key Details

• Transaction date: February 10, 2026
• Prices and amounts: 838 shares @ $114.68 ($96,102) and 839 shares @ $114.68 ($96,217)
• Total shares sold: 1,677; approximate total proceeds: $192,319
• Plan/footnote: Transaction effected under a Rule 10b5‑1 trading plan adopted Nov 3, 2025 (footnote F1)
• Shares owned after transaction: Not explicitly stated in the provided summary; filing notes the reported ownership disclosure includes unvested RSUs described below (footnote F2)
• Unvested RSUs disclosed (footnote F2): 2,434 RSUs scheduled to vest 1/1/2027; 2,434 RSUs scheduled to vest 1/1/2028; and 6,627 RSUs that vest in equal installments on March 17, 2026, 2027 and 2028 (total unvested RSUs = 11,495)
• Filing date: Feb 12, 2026 — appears to be timely (filed within the required reporting window)

Context Sales under a 10b5‑1 plan are typically pre‑scheduled and can reflect routine liquidity planning rather than a change in an insider’s view of the company. For retail investors, purchases are generally more indicative of insider confidence than scheduled sales; this filing documents a planned sale and should be interpreted as such without assuming new information about company performance.