Planned sale of 30,549 shares under Rule 144

An insider of the issuer has filed a Rule 144 notice to sell 30,549 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $3,533,297.34.

Rhea-AI Filing Summary

An insider of the issuer has filed a Rule 144 notice to sell 30,549 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $3,533,297.34. The shares are listed on NASDAQ, with an approximate sale date of 02/10/2026.

The filing shows the sale will be executed via Morgan Stanley’s Executive Financial Services unit. All 30,549 shares were acquired from the issuer on 01/01/2026 as equity compensation, consisting of 6,760 Performance Restricted Stock Units and 23,789 Performance Stock Units, with consideration labeled as N/A.

FAQ

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

What does the Form 144 filing for TW disclose about planned share sales?

The Form 144 indicates an insider plans to sell 30,549 common shares of TW, with an aggregate market value of $3,533,297.34. The sale is expected around 02/10/2026 through Morgan Stanley Smith Barney on the NASDAQ market.

How many TW shares are involved in the planned Rule 144 sale and what is their value?

The filing covers a planned sale of 30,549 common shares of TW. These shares have an aggregate market value of $3,533,297.34, based on the figures disclosed in the document for the intended Rule 144 transaction.

When were the TW shares in the Form 144 acquired and how?

All TW shares in the Form 144 were acquired on 01/01/2026 as equity awards from the issuer. The insider received 6,760 Performance Restricted Stock Units and 23,789 Performance Stock Units, which together total the 30,549 common shares to be sold.

Which broker will handle the TW insider’s planned Rule 144 share sale?

The planned TW share sale will be handled by Morgan Stanley Smith Barney LLC Executive Financial Services. The firm’s listed address is 1 New York Plaza, 8th Floor, New York, NY 10004, and the shares are expected to be sold on the NASDAQ exchange.

On which exchange will the TW shares in this Form 144 be sold?

The Form 144 specifies that the 30,549 common shares of TW are expected to be sold on the NASDAQ exchange. This aligns with the disclosure of the security class as common stock and the chosen trading venue in the filing.

What does the TW Form 144 say about recent sales in the past three months?

The Form 144 includes a section for securities sold during the past three months, but the excerpt provided does not list any completed sales. The focus is on the planned sale of 30,549 common shares under this notice.

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

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Accepted by SEC EDGAR 02/10/2026 - 04:29 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	0001771193
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	DOUGLAS L FRIEDMAN
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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	30549	3533297.34	115657833	02/10/2026	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	01/01/2026	Performance Restricted Stock Units	Issuer			6760	01/01/2026	N/A
Common	01/01/2026	Performance Stock Units	Issuer			23789	01/01/2026	N/A

* 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	02/10/2026
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/ Douglas Friedman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)