Lee Cindy 4

What Happened

• Cindy Lee, Chief Financial Officer of Virtu Financial, was granted 20,000 restricted stock units (RSUs) on 2026-06-30. The filing reports an acquisition price of $0.00 (a non-cash equity award). This is an award/grant (not a purchase or sale) that does not represent immediate cash proceeds or an immediate transfer of shares.

Key Details

• Transaction type/date: Award (Form 4 code A) on 2026-06-30; filing dated 2026-07-06 (filed six days after the grant).
• Shares/amount: 20,000 RSUs granted; reported acquisition price $0.00.
• Vesting: RSUs vest in equal annual installments on June 30, 2027, 2028 and 2029 (Footnote F2).
• Ownership after transaction: Not specified in the provided filing data.
• Notable footnotes: RSUs are granted under the Issuer’s 2015 Management Incentive Plan and each RSU represents a contingent right to one share of Class A common stock (F1). Additional notes explain conversion/exchange rights of Virtu Financial Units and Class C shares (F3) and that some units/shares are held through Virtu Employee Holdco LLC with a disclaimer of beneficial ownership except for pecuniary interest (F4).
• Timeliness: The Form 4 was filed July 6 for a June 30 grant, which is outside the standard two-business-day reporting window for Form 4s.

Context

• RSU grants are compensation awards that vest over time; they do not require an immediate cash outlay by the recipient and typically convert to shares (or are settled in stock) only as they vest. This grant is informational about executive compensation and future potential share issuance rather than an immediate buy or sell signal.