Lee Cindy 4/A
4/A · Virtu Financial, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Virtu (VIRT) CFO Cindy Lee Receives 55,857 RSU Award
What Happened
- Cindy Lee, Chief Financial Officer of Virtu Financial (VIRT), received equity awards on Feb 4, 2025 consisting of a total of 55,857 restricted stock units (RSUs). That total includes a 50,000-RSU grant, a 3,514-RSU grant, and 2,343 RSUs that vested immediately upon grant. The filing shows 1,296 shares were withheld to cover taxes. Using the three‑day VWAP of $39.8369 referenced in the filing, the awards are roughly valued at about $2.23 million in aggregate.
- The Form 4 is an amended filing: it corrected earlier reporting by removing the previously reported vesting of 2,343 RSUs from Table II (they vested immediately on grant) and adding the 50,000-RSU grant to Table II.
Key Details
- Transaction date: February 4, 2025; amended Form 4 filed February 6, 2026 (amendment and timing noted).
- Transaction codes: A = Award/Grant; F = shares withheld for tax payment.
- Price / valuation: RSUs listed at $0.00 in the table (derivative awards); the filing values the grant based on the 3‑day VWAP of $39.8369 (F1) — total grant value ≈ $2.23M.
- Shares withheld for taxes: 1,296 shares (F2).
- Vesting: RSUs generally convert to one share each and the long‑term RSUs vest in Feb 2026, 2027, 2028 and 2029 (F3, F4). The 2,343 RSUs were immediately vested upon grant.
- Shares owned after transaction: Not specified in the amended filing.
- Beneficial‑ownership notes: Some holdings are through Virtu Employee Holdco LLC; reporting person disclaims beneficial ownership of units held through that vehicle except to the extent of pecuniary interest (F5, F6).
- Timeliness: The filing is amended and was filed about a year after the grant date — investors should note the late/amended filing.
Context
- RSUs are compensation awards that give a contingent right to receive shares upon vesting; they are not open‑market purchases or sales. The tax‑withholding entry is routine for grants and does not indicate a separate sale by the insider. The amendment corrects prior reporting details and clarifies the immediate vesting of a small portion of the grant and the inclusion of the 50,000-RSU award.
Insider Transaction Report
Form 4/AAmended
Lee Cindy
Chief Financial Officer
Transactions
- Award
Class A common stock
[F1]2025-02-04+2,343→ 14,673 total - Tax Payment
Class A common stock
[F2]2025-02-04−1,296→ 13,377 total - Award
Restricted Stock Unit
[F3][F4]2025-02-04+3,514→ 47,101 total→ Class A common stock (3,514 underlying) - Award
Restricted Stock Unit
[F3][F4]2025-02-04+50,000→ 97,101 total→ Class A common stock (50,000 underlying)
Holdings
- 4,760(indirect: See footnote)
Non-voting common interest units of Virtu Financial LLC
[F5][F6]→ Class A common stock (4,760 underlying)
Footnotes (6)
- [F1]Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of $39.8369.
- [F2]Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
- [F3]Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- [F4]The RSUs vest in February 2026, 2027, 2028 and 2029.
- [F5]Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
- [F6]By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold vested and unvested Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein.
Signature
Justin Waldie, as Attorney-in-Fact|2026-02-06