Tradeweb risk chief reports 8,409-share holding

The included unvested RSUs have vesting dates from March 2027 through March 2029 and are conditioned on continued employment.

Rhea-AI Filing Summary

Tradeweb Markets Inc. (TW) lists Chief Risk Officer Rajagopalan Balasubramanian as directly holding 8,409 shares of Class A common stock. The reported amount includes 501, 883 and 2,652 unvested restricted stock units granted under the 2019 Omnibus Equity Incentive Plan; vesting is subject to continued employment through each applicable date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rajagopalan Balasubramanian

Role Chief Risk Officer

Type	Security	Shares	Price	Value
holding	Class A common stock F1	--	--	--

Holdings After Transaction: Class A common stock — 8,409 shares (Direct)

Footnotes (1)

1. F1. This amount also includes the following securities granted pursuant to the Issuer's 2019 Omnibus Equity Incentive Plan: (i) 501 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") which are scheduled to vest on March 15, 2027, (ii) 883 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in approximately equal installments, on each of March 17, 2027 and March 17, 2028, (iii) 2,652 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments, on each of March 15, 2027, March 15, 2028 and March 15, 2029, in each case subject to the reporting person's continued employment through the applicable vesting date.

Key Figures

Direct Class A common stock position: 8,409 shares Unvested restricted stock units: 501 RSUs Unvested restricted stock units: 883 RSUs +1 more

4 metrics

Direct Class A common stock position 8,409 shares Reported amount includes unvested restricted stock units.

Unvested restricted stock units 501 RSUs Scheduled to vest March 15, 2027, subject to continued employment.

Unvested restricted stock units 883 RSUs Scheduled to vest in approximately equal installments on March 17, 2027 and March 17, 2028, subject to continued employment.

Unvested restricted stock units 2,652 RSUs Scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to continued employment.

Key Terms

unvested restricted stock units, vest, 2019 Omnibus Equity Incentive Plan

3 terms

unvested restricted stock units financial

"501 unvested restricted stock units"

vest financial

"scheduled to vest on March 15, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

2019 Omnibus Equity Incentive Plan financial

"granted pursuant to the Issuer's 2019 Omnibus Equity Incentive Plan"

FAQ

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

When do Rajagopalan Balasubramanian's TW restricted stock units vest?

The 501 unvested RSUs are scheduled to vest on March 15, 2027; the 883 RSUs in approximately equal installments on March 17, 2027 and March 17, 2028; and the 2,652 RSUs in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029. Each vesting is subject to the reporting person's continued employment through the applicable date.

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

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Available on EDGAR 10/09/2026 - 04:52 PM Accepted by SEC EDGAR 10/09/2026 - 04:51 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Rajagopalan Balasubramanian

(Last) (First) (Middle)

245 PARK AVENUE

(Street)

NEW YORK NEW YORK 10167

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2026

3. Issuer Name and Ticker or Trading Symbol
Tradeweb Markets Inc. [ TW ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A common stock	8,409(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This amount also includes the following securities granted pursuant to the Issuer's 2019 Omnibus Equity Incentive Plan: (i) 501 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") which are scheduled to vest on March 15, 2027, (ii) 883 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in approximately equal installments, on each of March 17, 2027 and March 17, 2028, (iii) 2,652 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments, on each of March 15, 2027, March 15, 2028 and March 15, 2029, in each case subject to the reporting person's continued employment through the applicable vesting date.

Remarks:

	/s/Douglas Friedman, Attorney-in-Fact for Balasubramanian Rajagopalan	10/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)