Tradeweb exec sells 3,130 shares around $106

Tradeweb Markets Inc. (TW) reported that officer Troy Dixon, MD and Co-Head of Global Markets, sold Class A common stock in two open-market transactions.

Rhea-AI Filing Summary

Tradeweb Markets Inc. (TW) reported that officer Troy Dixon, MD and Co-Head of Global Markets, sold Class A common stock in two open-market transactions. On August 17, 2026, Dixon sold 2,584 shares at $106.06 per share, and on August 14, 2026, he sold 546 shares at $105.74 per share, totaling 3,130 shares sold. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on May 15, 2026, indicating they were pre-arranged. Dixon’s reported holdings include 21,013 unvested RSUs scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and 10,850 unvested RSUs scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, in each case contingent on continued employment through the applicable vesting dates.

Insider Trade Summary 10b5-1

Net Seller: 3,130 shares

Net Sell 2 txns

Insider Dixon Troy

Role MD, Co-Head of Global Markets

Sold 3,130 shs ($332K)

Type	Security	Shares	Price	Value
Sale	Class A common stock F1, F2	2,584	$106.06	$274K
Sale	Class A common stock F1, F2	546	$105.74	$58K

Holdings After Transaction: Class A common stock — 31,863 shares (Direct)

Footnotes (2)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 15, 2026.
2. F2. This amount includes (i) 21,013 unvested restricted stock units ("RSUs") in respect of the issuer's Class A Common Stock ("Class A Common Stock") that are scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and (ii) 10,850 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.

Key Figures

Shares sold on 2026-08-17: 2,584 shares Price on 2026-08-17: $106.06 per share Shares sold on 2026-08-14: 546 shares +5 more

8 metrics

Shares sold on 2026-08-17 2,584 shares Class A common stock sale at $106.06 per share

Price on 2026-08-17 $106.06 per share Open market or private sale of 2,584 Class A shares

Shares sold on 2026-08-14 546 shares Class A common stock sale at $105.74 per share

Price on 2026-08-14 $105.74 per share Open market or private sale of 546 Class A shares

Total shares sold 3,130 shares Aggregate of two reported Class A common stock sales

Unvested RSUs tranche 1 21,013 RSUs Unvested RSUs vesting in equal installments on March 15, 2027 and March 15, 2028

Unvested RSUs tranche 2 10,850 RSUs Unvested RSUs vesting in equal installments on March 15, 2027, 2028 and 2029

10b5-1 plan adoption date May 15, 2026 Date Troy Dixon adopted the Rule 10b5-1 trading plan for these sales

Key Terms

Rule 10b5-1 trading plan, restricted stock units ("RSUs"), Class A common stock, vesting

4 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units ("RSUs") financial

"includes (i) 21,013 unvested restricted stock units ("RSUs") in respect of the issuer's"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Class A common stock financial

"unvested RSUs in respect of the issuer's Class A Common Stock ("Class A Common"

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.

vesting financial

"RSUs ... are scheduled to vest in equal installments on March 15, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transactions did Troy Dixon report for Tradeweb Markets Inc. (TW)?

Troy Dixon reported two sales of Tradeweb Markets Inc. (TW) Class A common stock, totaling 3,130 shares. The sales occurred on August 14 and 17, 2026 as open-market or private transactions under a Rule 10b5-1 plan.

How many Tradeweb (TW) shares did Troy Dixon sell and at what prices?

Troy Dixon sold 3,130 shares of Tradeweb (TW) Class A common stock. He sold 2,584 shares at $106.06 per share on August 17, 2026 and 546 shares at $105.74 per share on August 14, 2026.

Were Troy Dixon’s TW stock sales made under a Rule 10b5-1 trading plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Troy Dixon on May 15, 2026. Such plans pre-arrange trades, reducing the informational value of transaction timing.

What unvested RSUs does Troy Dixon hold related to Tradeweb (TW) stock?

Troy Dixon’s reported holdings include 21,013 unvested RSUs vesting in equal installments on March 15, 2027 and 2028, and 10,850 unvested RSUs vesting in equal installments on March 15, 2027, 2028 and 2029, subject to continued employment.

Does the filing show Troy Dixon’s total TW share ownership after these sales?

The filing does not state a specific total share count of Tradeweb (TW) Class A common stock held after the sales. It instead details the 3,130 shares sold and the number and vesting schedule of unvested RSUs he holds.

What role does Troy Dixon hold at Tradeweb Markets Inc. (TW)?

Troy Dixon is reported as an officer of Tradeweb Markets Inc. (TW), serving as MD, Co-Head of Global Markets. His Form 4 filing reflects transactions in the company’s Class A common stock and associated unvested RSUs.

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

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Available on EDGAR 08/18/2026 - 04:19 PM Accepted by SEC EDGAR 08/18/2026 - 04:18 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).

X

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^*

Dixon Troy

(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)
	MD, Co-Head of Global Markets

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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	08/14/2026		S(1)		546	D	$105.74	34,447(2)	D
Class A common stock	08/17/2026		S(1)		2,584	D	$106.06	31,863(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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 15, 2026.

2. This amount includes (i) 21,013 unvested restricted stock units ("RSUs") in respect of the issuer's Class A Common Stock ("Class A Common Stock") that are scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and (ii) 10,850 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.

Remarks:

	/s/ Douglas Friedman, Attorney-in-Fact for Troy Dixon	08/18/2026
	** 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)