Tradeweb (TW) CEO reports RSU tax withholding and DER share grant

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Tradeweb Markets Inc. Chief Executive Officer William Hult reported routine equity compensation activity in Class A common stock. On the RSU settlement date, 5,656 shares were withheld by the issuer at $126.17 per share to cover tax obligations, and 17 shares were acquired via settlement of dividend equivalent rights. Following these entries, Hult directly holds 144,302 shares of Class A common stock, a figure that includes unvested RSUs scheduled to vest between March 2027 and March 2029, subject to continued employment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hult William

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A common stock	5,656	$126.17	$714K
Grant/Award	Class A common stock	17	$0.00	--

Holdings After Transaction: Class A common stock — 144,285 shares (Direct)

Footnotes (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. 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) 20,455 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) 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 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 →

03/19/2026 - 04:06 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

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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)

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
X	Officer (give title below)	Other (specify below)
	Chief Executive 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)
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	03/17/2026		F⁽¹⁾		5,656	D	$126.17	144,285⁽²⁾	D
Class A common stock	03/17/2026		A⁽³⁾		17	A	$0	144,302⁽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. 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) 11,678 unvested RSUs in respect of the Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 20,455 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) 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 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	03/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Tradeweb (TW) CEO William Hult report?

William Hult reported routine equity compensation entries in Class A common stock. 5,656 shares were withheld to cover tax on RSU settlement, and 17 shares were acquired through settled dividend equivalent rights tied to earlier RSU awards.

Were William Hult’s Tradeweb (TW) transactions open-market stock sales?

The disposition was not an open-market sale. 5,656 shares were withheld by Tradeweb to satisfy tax withholding obligations from restricted stock unit settlement, a standard mechanism rather than a discretionary market sale by the Chief Executive Officer.

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

After the reported transactions, William Hult directly holds 144,302 shares of Tradeweb Class A common stock. This amount includes shares underlying unvested restricted stock units scheduled to vest over multiple dates from March 2027 through March 2029, subject to continued employment.

What RSU awards does Tradeweb (TW) CEO William Hult have outstanding and when do they vest?

Outstanding RSUs include 11,678 units vesting on March 15, 2027, 20,455 units vesting in equal installments on March 17, 2027 and March 17, 2028, and 37,507 units vesting in equal installments in March 2027, March 2028 and March 2029, subject to continued employment.

What are the 17 Tradeweb (TW) shares acquired by William Hult in this Form 4?

The 17 acquired shares reflect settlement of dividend equivalent rights linked to previously granted restricted stock units. These dividend equivalents were paid in shares of Class A common stock when the related RSUs settled, rather than being a separate cash or market transaction.

Does this Tradeweb (TW) Form 4 indicate a change in William Hult’s derivative or option positions?

The Form 4 summarizes only non-derivative Class A common stock entries. The derivative section in this report shows no remaining derivative transactions, focusing solely on RSU-related tax withholding and dividend equivalent settlements tied to prior equity awards.