Tradeweb (TW) CFO logs RSU tax withholding and tiny share grant

Rhea-AI Filing Summary

Tradeweb Markets Inc. Chief Financial Officer Sara Furber reported routine equity compensation activity involving the company’s Class A common stock. On March 17, 2026, she had 1,679 shares withheld at $126.17 per share to cover tax obligations tied to the settlement of restricted stock units (RSUs). She also acquired 6 shares at no cost from dividend equivalent rights linked to previously granted RSUs. Following these transactions, she directly holds 28,789 shares, plus unvested RSUs scheduled to vest in stages through 2029, subject to her continued employment.

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

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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^*

Furber Sara

(Last) (First) (Middle)

TRADEWEB MARKETS INC.

245 PARK AVENUE

(Street)

NEW YORK NEW YORK 10167

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	03/17/2026		F(1)		1,679	D	$126.17	28,783(2)	D
Class A common stock	03/17/2026		A(3)		6	A	$0	28,789(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") held by the reporting person.

2. This amount includes (i) 3,716 unvested RSUs in respect of Class A Common Stock that are scheduled on March 15, 2027, (ii) 6,573 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2027 and March 17, 2028 and (iii) 11,975 unvested RSUs in respect of 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 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 Sara Furber	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Tradeweb (TW) CFO Sara Furber report?

Sara Furber reported routine equity compensation transactions. 1,679 shares of Class A common stock were withheld to cover RSU-related taxes, and she received 6 shares from dividend equivalent rights, leaving her with 28,789 shares held directly afterward.

Were Sara Furber’s Tradeweb (TW) transactions open-market buys or sales?

No, these were not open-market trades. The 1,679-share disposition was tax withholding on RSU settlement, and the 6-share acquisition was a grant from dividend equivalent rights, both typical for equity compensation programs.

How many Tradeweb (TW) shares does CFO Sara Furber hold after the Form 4?

After the reported transactions, Sara Furber directly holds 28,789 shares of Tradeweb Class A common stock. This figure excludes additional unvested RSUs that may convert into shares over future vesting dates, subject to continued employment.

What RSU-related tax event occurred for Tradeweb (TW) CFO Sara Furber?

To satisfy tax obligations on RSU settlement, 1,679 shares of Class A common stock were withheld by Tradeweb. This reduced the number of shares delivered but did not represent an open-market sale by the CFO.

What are the future vesting schedules for Sara Furber’s Tradeweb (TW) RSUs?

Footnotes show unvested RSUs scheduled to vest on March 15, 2027, in equal installments on March 17, 2027 and 2028, and in equal installments on March 15, 2027, 2028 and 2029, all conditioned on her continued employment.

What is the significance of the 6 Tradeweb (TW) shares granted to Sara Furber?

The 6 shares of Class A common stock were acquired through the settlement of dividend equivalent rights tied to earlier RSU awards. This small, no-cost grant is a routine feature of equity compensation rather than a discretionary market transaction.