Tradeweb Markets (TW) director awarded 1,645 restricted stock units

Rhea-AI Filing Summary

Repetto Richard H reported acquisition or exercise transactions in this Form 4 filing.

Tradeweb Markets Inc. director Richard H. Repetto received an equity award of 1,645 restricted stock units (RSUs) tied to the company’s Class A common stock. The award was granted at no cash cost to him as director compensation.

The RSUs are scheduled to vest on May 19, 2027, if he continues serving as a director through that date, and are then expected to settle in Class A common stock within 30 days, unless he elects to defer settlement. After this grant, he holds a total of 3,178 Class A common stock shares and RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Repetto Richard H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	1,645	$0.00	--

Holdings After Transaction: Class A common stock — 3,178 shares (Direct, null)

Footnotes (1)

1. The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock (the "Class A Common Stock"). Subject to the reporting person's continued service as a director of the issuer through the vesting date, these RSUs are scheduled to vest on May 19, 2027 and, absent an election to defer settlement, settle in Class A Common Stock within 30 days thereafter, or may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 26, 2026. This amount includes 1,645 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on May 19, 2027, subject to the reporting person's continued service as a director through the applicable vesting date or as may be pro-rated pursuant to the terms set forth in footnote 1 to this Form 4.

Key Figures

RSUs granted: 1,645 RSUs Grant price: $0.0000 per share Holdings after grant: 3,178 shares/RSUs +1 more

4 metrics

RSUs granted 1,645 RSUs Award of restricted stock units to director on May 19, 2026

Grant price $0.0000 per share Stated price per share for RSU award

Holdings after grant 3,178 shares/RSUs Total direct holdings of Class A common stock and RSUs after transaction

RSU vesting date May 19, 2027 Scheduled vesting date subject to continued board service

Key Terms

restricted stock units, Non-Employee Director Compensation Policy, Class A common stock, vest

4 terms

restricted stock units financial

"The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Non-Employee Director Compensation Policy financial

"may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy"

Class A common stock financial

"in respect of the issuer's Class A common stock (the "Class A Common Stock")"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vest financial

"these RSUs are scheduled to vest on May 19, 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.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Repetto Richard H

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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	05/19/2026		A(1)		1,645	A	$0	3,178(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. The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock (the "Class A Common Stock"). Subject to the reporting person's continued service as a director of the issuer through the vesting date, these RSUs are scheduled to vest on May 19, 2027 and, absent an election to defer settlement, settle in Class A Common Stock within 30 days thereafter, or may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 26, 2026.

2. This amount includes 1,645 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on May 19, 2027, subject to the reporting person's continued service as a director through the applicable vesting date or as may be pro-rated pursuant to the terms set forth in footnote 1 to this Form 4.

Remarks:

	/s/ Douglas Friedman, Attorney-in-Fact for Richard Repetto	05/20/2026
	** 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 did Tradeweb Markets (TW) director Richard Repetto report in this Form 4?

Director Richard H. Repetto reported receiving 1,645 restricted stock units in respect of Tradeweb’s Class A common stock. The RSUs were granted as director compensation and did not involve any cash purchase in the market by the director.

How many Tradeweb (TW) RSUs did Richard Repetto receive and at what price?

Richard H. Repetto received 1,645 restricted stock units relating to Tradeweb Class A common stock at a stated price of $0.0000 per share. This reflects a stock-based compensation award rather than an open-market purchase transaction by the director.

When do Richard Repetto’s Tradeweb (TW) RSUs vest and settle?

The 1,645 RSUs are scheduled to vest on May 19, 2027, if Richard H. Repetto continues serving as a director. They are expected to settle in Class A common stock within 30 days after vesting, unless he elects to defer settlement under applicable policies.

What are Richard Repetto’s total Tradeweb (TW) holdings after this RSU grant?

Following the RSU award, Richard H. Repetto’s Form 4 shows total direct holdings of 3,178 shares and RSUs of Tradeweb Class A common stock. This total includes the 1,645 unvested RSUs that are scheduled to vest in May 2027, subject to service conditions.

Is Richard Repetto’s Tradeweb (TW) transaction a market buy or sell?

The transaction is a grant of restricted stock units, not a market buy or sell. It is classified as a grant, award, or other acquisition of 1,645 RSUs, provided as non-cash director compensation rather than a discretionary open-market trade by the director.