Form Type: 4

SEC EDGAR Link
Accession Number:0001592386-22-000064
Date:2022-07-01
Issuer: VIRTU FINANCIAL, INC. (VIRT)
Original Submission Date:

Reporting Person:

CRUGER WILLIAM FRANK JR.
C/O VIRTU FINANCIAL, INC.
1633 BROADWAY NEW YORK, NY 10019

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2022-07-01 M 4,880 a $0.00 42,577 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNIT 0.0 2022-07-01 deemed execution date M 4,880 (d) class a common stock 4,880 $0.00 0 direct
RESTRICTED STOCK UNIT 0.0 2022-07-01 deemed execution date A 6,365 (a) class a common stock 6,365 $0.00 6,365 direct
NON-VOTING COMMON INTEREST UNITS OF VIRTU FINANCIAL LLC 0.0 deemed execution date 0 ( ) class a common stock 6,389 $0.00 6,389 indirect see footnote
Footnotes
IDfootnote
f1 shares of class a common stock issued in settlement of vested restricted stock units ("rsus") granted under the issuer's amended and restated 2015 management incentive plan.
f2 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.
f3 the rsus vested on july 1, 2022.
f4 the rsus vest on july 1, 2023.
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 of the issuer, 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.
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