Tradeweb director awarded 1,645 RSUs

Ganeles Scott reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ganeles Scott reported acquisition or exercise transactions in this Form 4 filing.

Tradeweb Markets Inc. director Scott Ganeles reported an equity compensation grant in the form of 1,645 restricted stock units (RSUs) tied to the company’s Class A common stock. The RSUs were awarded at no cash cost and are scheduled to vest on May 19, 2027, provided he continues serving as a director, with potential proration under the Non-Employee Director Compensation Policy. Upon this award, his direct holdings in Class A common stock and related RSUs total 15,330 shares.

Insider Trade Summary

Grant/Award: 1,645 shares

Grant/Award 1 txn

Insider Ganeles Scott

Role Director

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

Holdings After Transaction: Class A common stock — 15,330 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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

RSU grant size: 1,645 RSUs Post-grant holdings: 15,330 shares RSU vesting date: May 19, 2027

3 metrics

RSU grant size 1,645 RSUs Award of RSUs in respect of Class A common stock

Post-grant holdings 15,330 shares Total direct holdings following the RSU award

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

Key Terms

restricted stock units, RSUs, Non-Employee Director Compensation Policy, settle in Class A Common Stock

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.

RSUs financial

"This amount includes 1,645 unvested RSUs in respect of the Class A Common Stock"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Non-Employee Director Compensation Policy financial

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

settle in Class A Common Stock financial

"settle in Class A Common Stock within 30 days thereafter, or may be pro-rated"

FAQ

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

What did Tradeweb (TW) director Scott Ganeles report in this Form 4?

Scott Ganeles reported receiving 1,645 restricted stock units (RSUs) tied to Tradeweb’s Class A common stock. These RSUs are an equity compensation award, granted at no cash cost, and increase his total reported direct holdings to 15,330 shares and RSUs.

When do Scott Ganeles’s 1,645 Tradeweb RSUs vest?

The 1,645 RSUs awarded to Scott Ganeles are scheduled to vest on May 19, 2027. Vesting depends on his continued service as a director through that date and may be prorated under Tradeweb’s Non-Employee Director Compensation Policy described in its March 26, 2026 proxy statement.

What conditions apply to Scott Ganeles’s new Tradeweb RSU award?

The RSUs vest only if Scott Ganeles continues serving as a Tradeweb director through May 19, 2027, and may be prorated under the Non-Employee Director Compensation Policy. After vesting, they settle in Class A common stock within 30 days unless he elects to defer settlement.

How many Tradeweb shares does Scott Ganeles hold after this RSU grant?

Following the RSU award, Scott Ganeles is reported as directly holding 15,330 shares and RSUs of Tradeweb Class A common stock. This total includes 1,645 unvested RSUs scheduled to vest on May 19, 2027, subject to his continued service and potential proration.

Does Scott Ganeles pay cash for the 1,645 Tradeweb RSUs?

No cash payment is indicated for the 1,645 RSUs, which were granted at a reported price of $0.0000 per unit. This reflects a typical non-cash equity compensation award for a non-employee director, subject to vesting conditions and later settlement in Class A common stock.

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

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Accepted by SEC EDGAR 05/20/2026 - 04:10 PM Learn about SEC filing dates

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^*

Ganeles Scott

(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	15,330(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 Scott Ganeles	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)