Tradeweb (TW) CFO pre-planned sale of 6,525 shares under 10b5-1

Q: What insider transactions did Tradeweb Markets (TW) disclose for Sara Furber?

Tradeweb Markets disclosed that CFO Sara Furber sold a total of 6,525 shares of Class A common stock in open-market transactions, split between March 20 and March 23, 2026, at prices around $125 per share .

Q: At what prices did the Tradeweb Markets (TW) CFO sell her shares?

The CFO’s reported sales occurred at a weighted average price of $125.1319 per share on March 20, 2026 and at $124.86 per share on March 23, 2026, with individual trades ranging from $124.31 to $125.77 .

Q: How many Tradeweb Markets (TW) shares does the CFO hold after these sales?

Following the reported transactions, CFO Sara Furber directly holds 22,264 shares of Tradeweb Markets Class A common stock. In addition, her position includes several tranches of unvested RSUs scheduled to vest between March 2027 and March 2029 , subject to continued employment.

Q: What future equity does the Tradeweb Markets (TW) CFO have through unvested RSUs?

The filing notes unvested RSUs on Tradeweb Markets Class A common stock, including 3,716 RSUs scheduled to vest on March 15, 2027 and additional RSUs vesting in installments through March 2029 , all contingent on continued employment at the company.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Tradeweb Markets Inc. Chief Financial Officer Sara Furber reported open-market sales of Class A common stock. She sold 4,911 shares on March 20, 2026 at a weighted average price of $125.1319 per share and 1,614 shares on March 23, 2026 at $124.86 per share.

After these transactions, she directly holds 22,264 shares. Footnotes state the trades were executed under a Rule 10b5-1 trading plan adopted on November 3, 2025, indicating they were pre-scheduled. Her holdings also include unvested RSUs that are scheduled to vest between March 2027 and March 2029, subject to continued employment.

Insider Trade Summary 10b5-1

Net Seller: 6,525 shares ($816,047)

Net Sell 2 txns

Insider Furber Sara

Role Chief Financial Officer

Sold 6,525 shs ($816K)

Type	Security	Shares	Price	Value
Sale	Class A common stock	1,614	$124.86	$202K
Sale	Class A common stock	4,911	$125.1319	$615K

Holdings After Transaction: Class A common stock — 22,264 shares (Direct)

Footnotes (1)

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.31 to $125.77, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. This amount includes (i) 3,716 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that are scheduled on March 15, 2027, (ii) 6,573 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on 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.

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Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 04:08 PM

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^*

Furber Sara

(Last)

(First)

(Middle)

TRADEWEB MARKETS INC.

245 PARK AVENUE

(Street)

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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	03/20/2026		S⁽¹⁾		4,911	D	$125.1319⁽²⁾	23,878⁽³⁾	D
Class A common stock	03/23/2026		S⁽¹⁾		1,614	D	$124.86	22,264⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 3, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.31 to $125.77, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. This amount includes (i) 3,716 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that are scheduled on March 15, 2027, (ii) 6,573 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on 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.

Remarks:

	/s/ Douglas Friedman, Attorney-in-Fact for Sara Furber	03/24/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Tradeweb Markets (TW) disclose for Sara Furber?

Tradeweb Markets disclosed that CFO Sara Furber sold a total of 6,525 shares of Class A common stock in open-market transactions, split between March 20 and March 23, 2026, at prices around $125 per share.

At what prices did the Tradeweb Markets (TW) CFO sell her shares?

The CFO’s reported sales occurred at a weighted average price of $125.1319 per share on March 20, 2026 and at $124.86 per share on March 23, 2026, with individual trades ranging from $124.31 to $125.77.

How many Tradeweb Markets (TW) shares does the CFO hold after these sales?

Following the reported transactions, CFO Sara Furber directly holds 22,264 shares of Tradeweb Markets Class A common stock. In addition, her position includes several tranches of unvested RSUs scheduled to vest between March 2027 and March 2029, subject to continued employment.

Were the recent Tradeweb Markets (TW) insider sales made under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 3, 2025. Such plans pre-schedule trades, meaning the timing of these sales was determined in advance rather than opportunistically.

What future equity does the Tradeweb Markets (TW) CFO have through unvested RSUs?

The filing notes unvested RSUs on Tradeweb Markets Class A common stock, including 3,716 RSUs scheduled to vest on March 15, 2027 and additional RSUs vesting in installments through March 2029, all contingent on continued employment at the company.