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  4. [Form 4] Tradeweb Markets Inc. Insider Trading Activity

Director at Tradeweb (TW) receives 1,912 RSUs vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Madoff Paula reported acquisition or exercise transactions in this Form 4 filing.

Tradeweb Markets Inc. director Paula Madoff reported an equity compensation grant rather than an open-market trade. She received 1,912 restricted stock units (RSUs) tied to the company’s Class A common stock at no purchase price. These RSUs are scheduled to vest on May 19, 2027, provided she continues serving as a director or as otherwise pro-rated under the company’s Non-Employee Director Compensation Policy. Following this award, her reported direct holdings total 16,845 Class A-related shares, including the unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider Madoff Paula
Role null
Type Security Shares Price Value
Grant/Award Class A common stock 1,912 $0.00 --
Holdings After Transaction: Class A common stock — 16,845 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 1,912 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.
RSU award size 1,912 RSUs Equity grant reported on May 19, 2026
Award price per share $0.00 per share RSU grant acquisition price
Holdings after award 16,845 shares Direct Class A-related holdings after transaction
RSU vesting date May 19, 2027 Scheduled vesting for 1,912 RSUs
restricted stock units ("RSUs") 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 (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
"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.
Non-Employee Director Compensation Policy financial
"may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy"
Proxy Statement on DEF 14A regulatory
"as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 26, 2026"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Madoff Paula
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A common stock05/19/2026A(1)1,912A$016,845(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 1,912 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 Paula Madoff05/20/2026
** Signature of Reporting PersonDate
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 did Paula Madoff report in this Tradeweb (TW) Form 4 filing?

Paula Madoff reported receiving 1,912 restricted stock units (RSUs) linked to Tradeweb’s Class A common stock. The award is equity compensation, not an open-market purchase, and increases her reported direct holdings to 16,845 Class A-related shares including the unvested RSUs.

Is Paula Madoff’s Tradeweb (TW) Form 4 transaction a stock purchase or sale?

The Form 4 shows an equity award, not a market trade. Madoff acquired 1,912 RSUs at a price of $0.00 per share as director compensation, with no open-market buying or selling reported in this filing for Tradeweb Markets Inc.

When do Paula Madoff’s 1,912 Tradeweb (TW) RSUs vest?

The 1,912 RSUs are scheduled to vest on May 19, 2027, if Paula Madoff continues serving as a director through that date. The award may be pro-rated under Tradeweb’s Non-Employee Director Compensation Policy, as described in the company’s proxy statement referenced in the filing.

How many Tradeweb (TW) shares does Paula Madoff hold after this Form 4 award?

After the reported RSU grant, Paula Madoff’s direct position is 16,845 Class A-related shares. This figure includes the 1,912 unvested RSUs scheduled to vest on May 19, 2027, assuming she satisfies the continued-service and potential pro-rating conditions described in the footnotes.

What are RSUs in the context of Tradeweb (TW) director compensation?

RSUs are restricted stock units that convert into actual shares if vesting conditions are met. For Tradeweb, Paula Madoff’s 1,912 RSUs will settle in Class A common stock within 30 days after the May 19, 2027 vesting date, absent any deferral election she might make.