Proposed sale of common stock under Form 144

TW: Affiliate notice of proposed sale of common stock.

Rhea-AI Filing Summary

TW: Affiliate notice of proposed sale of common stock.

An affiliate used a Form 144 notice to report a proposed sale of 72,450 shares of common stock via Morgan Stanley Smith Barney LLC, arising from an exercise of stock options and to be settled for cash. The filing also lists 10b5-1 sales including 121,218 shares sold on 02/10/2026.

Insights

Corporate Governance Counsel

Routine affiliate resale notice under Form 144; includes option exercise and prior 10b5-1 sales.

The filing lists a proposed resale of 72,450 shares of common stock through Morgan Stanley Smith Barney LLC, identified as resulting from an exercise of stock options with settlement in cash. It also documents prior 10b5-1 sales totaling 121,218 shares on 02/10/2026.

Causal or material impact depends on actual sale execution and volume relative to outstanding shares; timing and final proceeds are not provided in the excerpt, and subsequent transaction reports will clarify activity.

FAQ

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

What does TW's Form 144 disclose about the planned sale?

The Form 144 discloses a proposed sale of 72,450 shares of common stock through Morgan Stanley Smith Barney LLC. The sales arise from an exercise of stock options and are to be settled for cash.

Were any recent sales reported for TW insiders in the filing?

Yes; the filing records 10b5-1 sales of 121,218 shares executed on 02/10/2026. These sales are listed separately from the proposed resale tied to option exercise.

Who is the broker handling the proposed resale in the TW filing?

The proposed resale is listed with Morgan Stanley Smith Barney LLC as the broker, identified with an address at 1 New York Plaza, 8th Floor, New York, NY 10004 in the excerpt.

Is the proposed sale tied to an option exercise or a different source?

The excerpt explicitly states the 72,450 shares are from an exercise of stock options, and the settlement method is indicated as cash in the excerpt.

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

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Accepted by SEC EDGAR 03/03/2026 - 04:31 PM 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	0001771194
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	6464306000
Name of Person for Whose Account the Securities are To Be Sold	WILLIAM HULT
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	Director
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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	72450	8910263.25	115657833	03/03/2026	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 *
Common	03/03/2026	Exercise of Stock Options	Issuer			72450	03/03/2026	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for WILLIAM HULT 245 PARK AVENUE New York NY 10167	Common	02/10/2026	121218	13994612.66

144: Remarks and Signature

Remarks
Date of Notice	03/03/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/03/2025
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/ William Hult
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)