TW Form 144: Proposed sale notice for Class A shares

TW submitted a Form 144 notice reporting proposed sales of Class A Common shares under registered plans and restricted stock vesting arrangements.

Rhea-AI Filing Summary

TW submitted a Form 144 notice reporting proposed sales of Class A Common shares under registered plans and restricted stock vesting arrangements. The filing lists multiple vesting dates and shows Morgan Stanley Smith Barney LLC as a listed broker-dealer; timing and exact sale mechanics are described in the notice.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for TW disclose?

It discloses proposed sales of Class A Common shares. The notice lists restricted stock vesting events on 01/01/2024, 03/15/2024, and 01/01/2025, and names Morgan Stanley Smith Barney LLC as a broker-dealer.

Does the filing state how many shares are to be sold?

The filing lists specific share figures tied to vesting events. The excerpt includes itemized counts next to vesting dates (for example entries such as 10116, 6804, and 460) associated with the restricted stock vesting lines.

Who is the broker-dealer listed on the Form 144?

Morgan Stanley Smith Barney LLC is named as the broker-dealer in the filing. The address shown is 1 New York Plaza, 8th Floor, New York, NY 10004 and the exchange is listed as NASDAQ.

Are there any past three months sales reported in this excerpt?

The excerpt includes a section header for prior three-month sales. The provided content does not show detailed entries under that section in the excerpt, only the section label and related filing fields.

What are the vesting events referenced in the filing?

The filing cites restricted stock vesting under a registered plan. Vesting dates shown include 01/01/2024, 03/15/2024, and 01/01/2025, each tied to Class A Common share lines.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 04:27 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001771187
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TRADEWEB MARKETS INC.
SEC File Number	001-38860
Address of Issuer	245 Park Avenue New York NEW YORK 10167
Phone	646-430-6000
Name of Person for Whose Account the Securities are To Be Sold	ENRICO BRUNI
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	17380	2072844.82	116487927	02/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	01/01/2024	Restricted stock vesting under a registered plan	Issuer			10116	01/01/2024	Not Applicable
Class A Common	01/01/2025	Restricted stock vesting under a registered plan	Issuer			460	01/01/2025	Not Applicable
Class A Common	03/15/2024	Restricted stock vesting under a registered plan	Issuer			6804	03/15/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	02/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Enrico Bruni
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)