Lee Cindy 4/A

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.