Tradeweb Markets (NASDAQ: TW) MD granted RSUs, shares withheld for tax

Rhea-AI Filing Summary

Tradeweb Markets Inc. executive Troy Dixon, MD and Co-Head of Global Markets, reported routine equity compensation activity involving the company’s Class A common stock. He received an award of 10,850 restricted stock units (RSUs) that will vest in three equal installments on the first, second and third anniversaries of March 15, 2026, subject to continued employment.

On the same date, 5,364 shares were withheld by Tradeweb at a price of 124.42 per share to cover tax obligations tied to RSU settlements, rather than an open-market sale, and he acquired 25 additional shares from the settlement of dividend equivalent rights. Following these transactions, Dixon directly holds 37,577 shares and RSUs of Class A common stock, including 21,013 unvested RSUs scheduled to vest on March 15, 2027 and March 15, 2028, and 10,850 unvested RSUs scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Dixon Troy

Role MD, Co-Head of Global Markets

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	10,850	$0.00	--
Tax Withholding	Class A common stock	5,364	$124.42	$667K
Grant/Award	Class A common stock	25	$0.00	--

Holdings After Transaction: Class A common stock — 42,916 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) 21,013 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installment on March 15, 2027 and March 15, 2028 and (ii) 10,850 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^*

Dixon Troy

(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)
	MD, Co-Head of Global Markets

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)		10,850	A	$0	42,916(2)	D
Class A common stock	03/15/2026		F(3)		5,364	D	$124.42	37,552(2)	D
Class A common stock	03/15/2026		A(4)		25	A	$0	37,577(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) 21,013 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installment on March 15, 2027 and March 15, 2028 and (ii) 10,850 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 Troy Dixon	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 insider transactions did Tradeweb Markets (TW) executive Troy Dixon report?

Troy Dixon reported equity compensation activity in Tradeweb Markets Class A shares. He received 10,850 restricted stock units, had 5,364 shares withheld to satisfy tax obligations on RSU settlements, and acquired 25 additional shares through dividend equivalent rights tied to previously granted RSUs.

How many Tradeweb Markets (TW) shares and RSUs does Troy Dixon hold after these transactions?

After the transactions, Troy Dixon directly holds 37,577 Tradeweb Markets Class A shares and RSUs. This total includes unvested restricted stock units referenced in the footnotes that are scheduled to vest on specified future dates, assuming he remains employed through each applicable vesting date.

Were Troy Dixon’s withheld Tradeweb Markets (TW) shares an open-market sale?

No, the 5,364 Tradeweb Markets shares were withheld by the issuer to cover taxes. The filing states they satisfied the tax withholding obligation associated with the settlement of RSUs, so this was not an open-market sale initiated by Dixon for discretionary portfolio reasons.

When will Troy Dixon’s new Tradeweb Markets (TW) RSU award vest?

The 10,850 new restricted stock units will vest over three years. They are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2026, provided Troy Dixon continues his employment through each vesting date.

How many unvested Tradeweb Markets (TW) RSUs does Troy Dixon have and what are their vesting dates?

Troy Dixon’s holdings include 21,013 unvested RSUs scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and 10,850 unvested RSUs scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to continued employment.