Virtu Financial (NASDAQ: VIRT) director lines up restricted stock sale
Rhea-AI Filing Summary
Virtu Financial, Inc. (VIRT) is the issuer for a Rule 144 notice filed in connection with planned sales of its common stock by director Joseph J. Grano Jr.. The notice covers the proposed sale of 8,400 shares of common stock through broker Stifel Nicolaus & Company Inc., with an aggregate market value of $511,856.00. Common shares outstanding are reported as 88,300,678, as context for the transaction. The approximate date of sale is listed as August 19, 2026. The shares relate to restricted stock granted as equity compensation, including 3,392 shares tied to a July 2, 2026 award and 5,008 shares tied to a July 3, 2025 award.
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Key Figures
Shares to be sold: 8,400 shares
Aggregate market value of shares to be sold: $511,856.00
Shares outstanding: 88,300,678 shares
+3 more
6 metrics
Shares to be sold
8,400 shares
Common stock proposed to be sold under Rule 144
Aggregate market value of shares to be sold
$511,856.00
Value of 8,400 Virtu Financial common shares covered by the notice
Shares outstanding
88,300,678 shares
Virtu Financial common shares outstanding, as reported in the notice
Approximate date of sale
08/19/2026
Planned timing for the Rule 144 sale on the NYSE
Restricted stock grant shares (2026 award)
3,392 shares
Restricted stock tied to July 2, 2026 equity compensation
Restricted stock grant shares (2025 award)
5,008 shares
Restricted stock tied to July 3, 2025 equity compensation
Key Terms
Rule 144, Restricted Stock, Equity Compensation, attorney-in-fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Common Stock | 07/02/2026 | Restricted Stock | Issuer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Equity Compensation financial
"3392 | 07/02/2026 | Equity Compensation"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
attorney-in-fact regulatory
"as attorney-in-fact for Joseph J Grano Jr."
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing for VIRT disclose about Joseph J. Grano Jr.’s planned sale?
The Form 144 notice discloses that director Joseph J. Grano Jr. may sell 8,400 shares of Virtu Financial common stock. The sale is to be executed through Stifel Nicolaus & Company Inc. under Rule 144 as a proposed disposition of restricted shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.