AIGRAIN JACQUES 4

What Happened Jacques Aigrain, a director of Tradeweb Markets, was granted 2,668 restricted stock units (RSUs) on May 19, 2026 (transaction code A). The grant is reported at $0.00 because it is an equity award rather than a purchase. These RSUs are unvested and scheduled to vest on May 19, 2027; settlement in Class A common stock would occur within 30 days after vesting unless the reporting person’s deferral election applies.

Key Details

• Transaction date and type: 2026-05-19 — Grant of RSUs (code A) at $0.00 for 2,668 units.
• Vesting/settlement: RSUs scheduled to vest on 2027-05-19; may settle in shares within 30 days after vesting or be pro‑rated per the company policy.
• Deferral election: The reporting person previously elected to defer settlement under the Non‑employee Directors Deferred Compensation Plan; deferred RSUs convert to phantom shares that will settle in stock per that plan.
• Shares owned after transaction: The filing reports the 2,668 unvested RSUs; total beneficial ownership after the grant is not specified in this Form 4.
• Filing timeliness: Form 4 was filed on 2026-05-20 for the 2026-05-19 grant, which appears to be timely (filed the following business day).

Context This is a standard director compensation award of unvested RSUs and does not represent an open‑market purchase or sale. Because the award is unvested and the reporting person elected deferred settlement (phantom shares), there was no immediate acquisition of vested stock or sale of shares. Such grants are common for non‑employee directors and are largely compensation-related rather than a direct signal of buying or selling sentiment.