Lee Cindy 4

What Happened

• Cindy Lee, Chief Financial Officer of Virtu Financial, reported transactions on Feb 4, 2026: conversions/exercises of derivatives and settlement/grants of RSUs that resulted in gross issuance/acquisition of 27,479 shares of Class A common stock (13,672 from exercises/conversions and 13,807 from grants/awards). The issuer withheld 9,635 shares to cover tax liabilities, leaving a net increase of 17,844 shares to Lee.
• The filing shows $0.00 for the derivative conversion/award items (no cash paid or received is reported). Transaction codes used: M = exercise/conversion of derivative, A = grant/award, F = shares withheld for tax.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely within reporting window).
• Reported amounts: gross acquired 27,479 shares (1,172 + 12,500 + 5,523 + 8,284), shares withheld for tax 9,635 (589 + 6,274 + 2,772), net +17,844 shares.
• Prices / consideration: entries report N/A or $0.00 for the derivative/award items (no dollar value reported for purchases/sales).
• Shares owned after transaction: not specified in this filing.
• Relevant footnotes: RSUs vested on Feb 4, 2026 (F5); shares issued in settlement of vested RSUs and shares withheld for tax per the company’s management incentive plan (F1–F3); some RSUs vest on future dates (F6); conversion/exchange rights for Virtu Financial Units described (F7) and employee holding vehicle referenced (F8).

Context

• The pattern (award/grant + withholding) indicates settlement of vested restricted stock units with shares withheld to cover taxes — effectively a cashless settlement rather than an open-market sale. M-code entries reflect conversion/exercise of derivatives (including exchange rights on units) rather than a typical cash purchase.
• These transactions are routine compensation-related events (vesting/settlement and associated tax withholding) and are not direct open-market buy or sell signals.