Welcome to our dedicated page for Tradeweb Markets SEC filings (Ticker: TW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Tradeweb Markets Inc. filings document formal disclosures for an electronic trading marketplace with Class A common stock listed on Nasdaq. Form 8-K reports furnish operating results for quarterly and annual periods, capital-return actions such as share repurchase authorizations, and material agreement disclosures involving Tradeweb Markets LLC, data-license arrangements and LSEG/Refinitiv affiliates.
Proxy materials describe board and shareholder voting matters, executive compensation, equity awards, pay-versus-performance tables and governance topics. They also provide disclosure on related-party relationships, including LSEG's role as indirect controlling stockholder, and other matters tied to Tradeweb's public-company structure.
Tradeweb Markets Inc. is asking stockholders to vote at its virtual 2026 annual meeting on May 19, 2026. Proposals include electing three Class I directors, ratifying Deloitte as auditor, an advisory vote on executive pay, and two charter amendments on officer exculpation and a federal forum selection clause.
The proxy highlights 2025 performance, with FY25 revenues of $2.1B, adjusted EBITDA margin of 54.0%, adjusted net income of $825 and free cash flow of $1.1B. London Stock Exchange Group, through Refinitiv, controls about 89.9% of combined voting power and has indicated it will vote for all proposals.
Tradeweb Markets Inc. managing director and Co-Head of Global Markets Troy Dixon sold 2,584 shares of Class A common stock in an open-market transaction at $125.75 per share on March 20, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.
After the sale, he directly holds 34,993 shares of Class A common stock. He also holds 21,013 unvested RSUs scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and 10,850 unvested RSUs vesting in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to continued employment.
Tradeweb Markets Inc.'s Chief Legal Officer, Douglas Friedman, reported open-market sales of Class A common stock. On March 20, 2026 he sold 2,219 shares at an average price of about $125.12 per share, followed by 592 shares on March 23, 2026 at about $124.86 per share, for a total of 2,811 shares.
These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2025 and involved multiple trades within a narrow price range. After the sales, Friedman directly holds 13,921 shares. He also has unvested restricted stock units scheduled to vest in tranches between March 2027 and March 2029, subject to continued employment.
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.
Tradeweb Markets Inc. Chief Technology Officer Justin Peterson sold 1,005 shares of Class A common stock in an open-market transaction at a weighted average price of $125.1349 per share on March 20, 2026. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2025.
After this sale, Peterson directly holds 57,512 shares, including unvested restricted stock units that are scheduled to vest between March 2027 and March 2029, subject to his continued employment. The transaction represents a small portion of his overall equity position and appears to be routine liquidity under a pre-planned program.
Tradeweb Markets Inc. Chief Administrative Officer Amy Clack reported an open-market sale of 271 shares of Class A common stock at $125.75 per share. After this transaction, she directly holds 21,557 shares.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2025. Her reported holdings also include unvested restricted stock units: 2,434 RSUs scheduled to vest on January 1, 2027, 2,434 RSUs scheduled to vest on January 1, 2028, 4,418 RSUs vesting in equal installments on March 17, 2027 and March 17, 2028, and 6,429 RSUs vesting in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, all subject to continued employment.
Douglas L. Friedman reported proposed sales under Rule 144. The filing lists Restricted Stock Units of 2,811 and discloses prior 10b5-1 sales of 30,549 shares on 02/10/2026 for $3,527,230.62. The notice is on a Form 144 dated 03/20/2026 and names Morgan Stanley Smith Barney LLC Executive Financial Services as the issuer/intermediary, with trading on NASDAQ.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a notice to sell 6,525 shares of Common Stock as Restricted Stock Units with an intended sale date of 03/15/2026.
The filing also discloses prior 10b5-1 sales by Sara Furber of 63,128 shares on 02/10/2026 for $7,266,241.12.
TW insider files Form 144 reporting planned dispositions of Common Stock by Justin Peterson. The filing lists Rule 10b5-1 sales: 02/10/2026 sale of 11,254 shares for $1,299,483.62 and 03/18/2026 sale of 3,212 shares for $400,715.63. The transactions are identified as 10b5-1 sales.