Tradeweb Markets (TW) CFO gets RSUs, shares withheld to cover taxes

Rhea-AI Filing Summary

Tradeweb Markets Inc. Chief Financial Officer Sara Furber reported routine equity compensation activity in Class A common stock. She received a grant of 11,975 restricted stock units (RSUs), which are scheduled to vest in three equal installments on the first, second and third anniversaries of March 15, 2026, subject to her continued employment. The company also withheld 5,077 shares at $124.42 per share to satisfy tax obligations tied to RSU settlement, a non-market disposition. In addition, she acquired 44 shares through settlement of dividend equivalent rights linked to prior RSU awards. After these transactions, she directly holds 30,462 shares of Class A common stock, and the filing notes additional unvested RSUs of 3,716, 9,860 and 11,975 scheduled to vest on specified dates through March 15, 2029, assuming continued employment.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Furber Sara

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	11,975	$0.00	--
Tax Withholding	Class A common stock	5,077	$124.42	$632K
Grant/Award	Class A common stock	44	$0.00	--

Holdings After Transaction: Class A common stock — 35,495 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) 3,716 unvested RSUs in respect of Class A Common Stock that are scheduled on March 15, 2027, (ii) 9,860 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) 11,975 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.

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
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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^*

Furber Sara

(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 Financial 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)		11,975	A	$0	35,495(2)	D
Class A common stock	03/15/2026		F(3)		5,077	D	$124.42	30,418(2)	D
Class A common stock	03/15/2026		A(4)		44	A	$0	30,462(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) 3,716 unvested RSUs in respect of Class A Common Stock that are scheduled on March 15, 2027, (ii) 9,860 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) 11,975 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 Sara Furber	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.

FAQ

What did Tradeweb (TW) CFO Sara Furber report in this Form 4?

Sara Furber reported routine equity compensation activity in Tradeweb Class A common stock. She received RSU awards, had shares withheld to cover taxes on RSU settlement, and acquired additional shares from dividend equivalent rights, updating her direct shareholdings and unvested RSU position.

How many RSUs were granted to Tradeweb (TW) CFO Sara Furber and when do they vest?

She received a grant of 11,975 restricted stock units in respect of Class A common stock. These RSUs vest in three equal installments on the first, second and third anniversaries of March 15, 2026, contingent on her continued employment through each applicable vesting date.

Why were 5,077 Tradeweb (TW) shares disposed of in this filing?

The 5,077 shares represent stock withheld by Tradeweb to satisfy Sara Furber’s tax withholding obligations related to RSU settlement. This is coded as a tax-withholding disposition, not an open-market sale, and is a standard mechanism for covering associated tax liabilities.

How many Tradeweb (TW) shares does Sara Furber hold after these transactions?

Following the reported transactions, Sara Furber directly holds 30,462 shares of Tradeweb Class A common stock. This figure reflects the RSU-related acquisitions and the tax-withholding share reduction disclosed in the filing for the reported transaction date.

What unvested RSUs does Tradeweb (TW) CFO Sara Furber have outstanding?

The filing notes 3,716 unvested RSUs scheduled to vest on March 15, 2027, 9,860 unvested RSUs vesting in equal installments on March 17, 2026, 2027 and 2028, and 11,975 unvested RSUs vesting in equal installments on March 15, 2027, 2028 and 2029, subject to continued employment.

Were any of the Tradeweb (TW) transactions open-market buys or sells?

No open-market purchases or sales are reported in this Form 4. The transactions consist of RSU and dividend-equivalent share acquisitions, plus a tax-withholding disposition where shares were withheld by Tradeweb to cover tax obligations, rather than traded in the market.