Tradeweb director granted 1,645 RSUs in stock award

Yared Rana reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Yared Rana reported acquisition or exercise transactions in this Form 4 filing.

Tradeweb Markets Inc. director Rana Yared received an equity award of 1,645 shares of Class A common stock in the form of restricted stock units. These RSUs were granted as director compensation at a stated price of $0.00 per share.

Subject to her continued service on the board, the 1,645 RSUs are scheduled to vest on May 19, 2027 and then settle in Class A common stock within 30 days, unless she elects to defer settlement or the award is pro-rated under the company’s Non-Employee Director Compensation Policy. Following this grant, she holds 4,239 shares and RSUs in total.

Insider Trade Summary

Grant/Award: 1,645 shares

Grant/Award 1 txn

Insider Yared Rana

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 — 4,239 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

RSUs granted: 1,645 RSUs Grant price: $0.00 per share Total holdings after grant: 4,239 shares/RSUs +2 more

5 metrics

RSUs granted 1,645 RSUs Award of restricted stock units on May 19, 2026

Grant price $0.00 per share Director compensation award of Class A common stock RSUs

Total holdings after grant 4,239 shares/RSUs Beneficial ownership following the RSU award

Vesting date May 19, 2027 Scheduled vesting date for 1,645 RSUs, subject to service

Acquisition transactions 1 transaction Form 4 summary shows one acquisition-type transaction

Key Terms

restricted stock units ("RSUs"), Class A common stock, Non-Employee Director Compensation Policy, Proxy Statement on DEF 14A

4 terms

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

"award of restricted stock units ("RSUs") in respect of the issuer's 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"

FAQ

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

What did Tradeweb (TW) director Rana Yared report in this Form 4?

Rana Yared reported receiving 1,645 restricted stock units tied to Tradeweb’s Class A common stock. The grant was made as director compensation at a stated price of $0.00 per share, increasing her total reported holdings to 4,239 shares and RSUs.

How many Tradeweb (TW) RSUs were granted to Rana Yared and when do they vest?

She was granted 1,645 restricted stock units in respect of Tradeweb’s Class A common stock. These RSUs are scheduled to vest on May 19, 2027, provided she continues to serve as a director through that date or as otherwise pro-rated under company policy.

What will Rana Yared receive when her Tradeweb (TW) RSUs vest?

Upon vesting, the 1,645 RSUs are expected to settle in Class A common stock within 30 days, absent any deferral election. Settlement delivers actual shares to the director, converting the restricted stock units into tradable equity in the company.

How many Tradeweb (TW) shares and RSUs does Rana Yared hold after this grant?

After the grant, she beneficially owns 4,239 shares and RSUs of Tradeweb Class A common stock. This figure includes the 1,645 unvested restricted stock units scheduled to vest on May 19, 2027, assuming continued board service or applicable pro-rating.

Is Rana Yared’s Tradeweb (TW) RSU grant an open-market purchase or compensation?

The 1,645 RSUs are a compensation-related equity award, not an open-market stock purchase. They were granted at a stated price of $0.00 per share as part of non-employee director compensation, subject to service-based vesting conditions and potential pro-rating under company policy.

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

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Accepted by SEC EDGAR 05/20/2026 - 04:13 PM EDT 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^*

Yared Rana

(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	4,239(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 Rana Yared	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)