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Tradeweb (TW) CTO receives RSU award as company withholds shares for taxes

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

Rhea-AI Filing Summary

Tradeweb Markets Inc. Chief Technology Officer Justin Peterson reported routine equity compensation and related tax withholding in Class A common stock. He received an award of 8,037 restricted stock units scheduled to vest in three equal installments on the first, second and third anniversaries of March 15, 2026, subject to continued employment. The company withheld 3,940 shares at $124.42 per share to cover tax obligations tied to RSU settlements, which is not an open-market sale. He also acquired 29 shares through dividend equivalent rights linked to earlier RSU grants. Following these transactions, Peterson directly holds 62,967 shares, including multiple unvested RSU tranches with scheduled vesting dates through March 15, 2029.

Positive

  • None.

Negative

  • None.
Insider Peterson Justin
Role Chief Technology Officer
Type Security Shares Price Value
Grant/Award Class A common stock 8,037 $0.00 --
Tax Withholding Class A common stock 3,940 $124.42 $490K
Grant/Award Class A common stock 29 $0.00 --
Holdings After Transaction: Class A common stock — 66,878 shares (Direct)
Footnotes (1)
  1. The reported transaction is an award of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock"). Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026. This amount includes (i) 2,548 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 6,728 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028 and (iii) 8,037 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. Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of the Class A Common Stock held by the reporting person. 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.
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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*
Peterson Justin
(Last) (First) (Middle)
TRADEWEB MARKETS INC.
245 PARK AVENUE
(Street)
NEW YORK NY 10167
(City) (State) (Zip)
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)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/15/2026 A(1) 8,037 A $0 66,878(2) D
Class A common stock 03/15/2026 F(3) 3,940 D $124.42 62,938(2) D
Class A common stock 03/15/2026 A(4) 29 A $0 62,967(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 ("Class A Common Stock"). Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026.
2. This amount includes (i) 2,548 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on March 15, 2027, (ii) 6,728 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028 and (iii) 8,037 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.
3. Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of the Class A Common Stock held by the reporting person.
4. 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 Justin Peterson 03/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Tradeweb (TW) CTO Justin Peterson report in this Form 4?

Justin Peterson reported routine equity compensation in Tradeweb Class A common stock. He received 8,037 restricted stock units, shares from dividend equivalent rights, and had 3,940 shares withheld by the company to cover tax obligations associated with RSU settlements, with no open-market share sales disclosed.

How many Tradeweb Class A shares does Justin Peterson hold after these transactions?

After the reported transactions, Justin Peterson directly holds 62,967 shares of Tradeweb Class A common stock. This figure includes unvested restricted stock units scheduled to vest over multiple years, reflecting ongoing equity-based compensation rather than a change from open-market buying or selling activity.

What are the key terms of Justin Peterson’s new RSU award at Tradeweb (TW)?

Peterson received 8,037 restricted stock units in respect of Tradeweb Class A common stock. These RSUs vest in three equal installments on the first, second and third anniversaries of March 15, 2026, provided he remains employed through each applicable vesting date under the award terms.

Were any of Justin Peterson’s Tradeweb shares sold on the open market?

No open-market sales were reported. The 3,940-share disposition was classified as tax withholding, where Tradeweb withheld shares at $124.42 per share to satisfy tax obligations from RSU settlements, a mechanical process rather than a discretionary sale by Peterson into the market.

What are the dividend equivalent rights mentioned in Justin Peterson’s Tradeweb filing?

Dividend equivalent rights are linked to previously granted restricted stock units. In this case, certain dividend equivalent rights settled in 29 shares of Tradeweb Class A common stock, delivered together with the settlement of the related RSUs, increasing Peterson’s direct shareholdings without an open-market purchase.