Tradeweb (TW) CEO Hult awarded 37,507 RSUs, 14,408 shares withheld for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Tradeweb Markets Inc. director and Chief Executive Officer William Hult reported compensation-related equity activity in Class A common stock. He received an award of 37,507 restricted stock units (RSUs) scheduled to vest in equal installments on the first, second and third anniversaries of March 15, 2026, subject to continued employment. The filing also shows 14,408 shares withheld by the company at $124.42 per share to cover tax obligations tied to RSU settlement, and an additional 104 shares acquired through the settlement of dividend equivalent rights. Following these transactions, Hult directly holds 149,941 shares of Class A common stock. Footnotes note unvested RSUs totaling 11,678 scheduled to vest on March 15, 2027, 30,682 scheduled to vest in equal installments on March 17, 2026, 2027 and 2028, and the new 37,507 RSUs scheduled to vest in equal installments on March 15, 2027, 2028 and 2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hult William

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	37,507	$0.00	--
Tax Withholding	Class A common stock	14,408	$124.42	$1.79M
Grant/Award	Class A common stock	104	$0.00	--

Holdings After Transaction: Class A common stock — 164,245 shares (Direct)

Footnotes (1)

The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock"). Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026. This amount includes (i) 11,678 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028 and (iii) 37,507 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest in equal installments on 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. Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of the Class A Common Stock held by the reporting person. Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.

Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 04:11 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hult William

(Last)

(First)

(Middle)

TRADEWEB MARKETS INC.

245 PARK AVENUE

(Street)

NEW YORK

10167

(City)

(State)

(Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	03/15/2026		A⁽¹⁾		37,507	A	$0	164,245⁽²⁾	D
Class A common stock	03/15/2026		F⁽³⁾		14,408	D	$124.42	149,837⁽²⁾	D
Class A common stock	03/15/2026		A⁽⁴⁾		104	A	$0	149,941⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock"). Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026.

2. This amount includes (i) 11,678 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028 and (iii) 37,507 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest in equal installments on 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.

3. Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of the Class A Common Stock held by the reporting person.

4. Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.

Remarks:

	/s/ Douglas Friedman, Attorney-in-Fact for William Hult	03/17/2026
	** 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 4 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Tradeweb (TW) CEO William Hult report on this Form 4?

William Hult reported an award of 37,507 restricted stock units (RSUs) tied to Tradeweb Class A common stock. These RSUs vest in three equal annual installments starting from March 15, 2027, assuming he remains employed through each applicable vesting date.

How are William Hult’s new RSUs in Tradeweb (TW) scheduled to vest?

The 37,507 RSUs granted to William Hult vest in three equal installments. Vesting occurs on the first, second and third anniversaries of March 15, 2026, meaning scheduled vesting dates in March 2027, March 2028 and March 2029, conditioned on continued employment.

Why were 14,408 Tradeweb (TW) shares disposed of in William Hult’s Form 4?

The 14,408 shares shown as a disposition were withheld by Tradeweb to satisfy tax withholding obligations related to RSU settlement. This is a tax-withholding transaction at $124.42 per share, not an open-market sale initiated by Hult.

How many Tradeweb (TW) Class A shares does William Hult hold after these transactions?

After the reported RSU grant, tax withholding and dividend-equivalent settlement, William Hult directly holds 149,941 shares of Tradeweb Class A common stock. This figure reflects his direct ownership position immediately following the Form 4 transactions.

What unvested RSUs in Tradeweb (TW) are reported for CEO William Hult?

The filing notes 11,678 unvested RSUs scheduled to vest on March 15, 2027, 30,682 unvested RSUs vesting in equal installments on March 17, 2026, 2027 and 2028, and 37,507 new RSUs vesting in equal installments on March 15, 2027, 2028 and 2029.

What are the 104 additional Tradeweb (TW) shares reported in William Hult’s Form 4?

The 104 additional shares represent Class A common stock acquired through the settlement of dividend equivalent rights. These dividend equivalents were granted in connection with previously awarded RSUs and settled in shares when the underlying RSUs were settled.