Virtu (NASDAQ: VIRT) holder enters prepaid deal on 200K shares

Rhea-AI Filing Summary

Virtu Financial, Inc. (VIRT) is the issuer of Class A Common Stock referenced in a notice of proposed sale filed under Rule 144. AS & SO Investments LLC entered into a variable prepaid forward sale transaction with an unaffiliated bank on August 20, 2026, relating to up to 200,000 shares of Virtu Class A Common Stock, par value $0.00001 per share, or non voting common interest units of Virtu Financial LLC that are convertible into this stock. The arrangement obligates AS & SO Investments LLC to deliver to the bank up to that number of shares or units, or, at its election under certain circumstances, an equivalent amount of cash, to settle the stock purchase agreement.

Key Figures

Shares referenced in variable prepaid forward: 200,000 shares Par value per share: $0.00001 per share Agreement date: August 20, 2026 +1 more

4 metrics

Shares referenced in variable prepaid forward 200,000 shares Maximum number of Virtu Class A Common Stock shares or equivalent units under the agreement

Par value per share $0.00001 per share Par value of Virtu Financial, Inc. Class A Common Stock referenced in the transaction

Agreement date August 20, 2026 Date AS & SO Investments LLC entered into the variable prepaid forward and stock purchase agreement

Securities class Class A Common Stock Class of Virtu Financial, Inc. shares referenced in the Rule 144 notice

Key Terms

Rule 144, variable prepaid forward sale transaction, Stock Purchase Agreement, non voting common interest units

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.

variable prepaid forward sale transaction financial

"entered into a variable prepaid forward sale transaction with an unaffiliated bank"

Stock Purchase Agreement financial

"pursuant to a separate Stock Purchase Agreement entered into between the VPF entity and the Bank"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

non voting common interest units financial

"non voting common interest units of Virtu Financial LLC (Units), convertible into Common Stock"

FAQ

What does the Rule 144 filing involving VIRT disclose?

The filing discloses that AS & SO Investments LLC entered into a variable prepaid forward sale transaction with an unaffiliated bank on August 20, 2026, referencing up to 200,000 shares of Virtu Financial, Inc. Class A Common Stock or equivalent convertible units.

How many Virtu Financial (VIRT) shares are involved in the variable prepaid forward?

The transaction relates to up to 200,000 shares of Class A Common Stock of Virtu Financial, Inc., or non voting common interest units of Virtu Financial LLC that are convertible into that Class A Common Stock.

Who is the selling security holder in the VIRT Rule 144 notice?

The person for whose account the securities are to be sold is AS & SO Investments LLC. UBS Securities LLC appears as the broker in the securities information section, and Virtu Financial, Inc. is identified as the issuer of the Class A Common Stock.

What flexibility does the VIRT variable prepaid forward give AS & SO Investments LLC?

AS & SO Investments LLC is obligated to deliver to the bank up to 200,000 shares of Class A Common Stock or equivalent units, or, at its election under certain circumstances, an equivalent amount of cash to settle the stock purchase agreement.

When was the VIRT stock purchase agreement for the variable prepaid forward executed?

The stock purchase agreement between AS & SO Investments LLC and the unaffiliated bank is dated August 20, 2026, the same date on which the variable prepaid forward sale transaction was entered into.

What type of Virtu Financial security is referenced in the Rule 144 filing?

The filing references Class A Common Stock of Virtu Financial, Inc., par value $0.00001 per share, and non voting common interest units of Virtu Financial LLC that are convertible into that Class A Common Stock.

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Available on EDGAR 08/20/2026 - 05:51 PM Accepted by SEC EDGAR 08/20/2026 - 05:50 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002150051
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Virtu Financial, Inc.
SEC File Number	001-37352
Address of Issuer	1633 BROADWAY NEW YORK NEW YORK 10019
Phone	212-418-0100
Name of Person for Whose Account the Securities are To Be Sold	AS & SO Investments LLC
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	UBS SECURITIES LLC 11 Madison Avenue New York NY 10010	200000	12172300.00	88524968	08/20/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/15/2015	EMPLOYEE COMPENSATION	ISSUER			200000	04/15/2015	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	On August 20, 2026, AS and SO Investments LLC (the VPF Entity) entered into a variable prepaid forward sale transaction with an unaffiliated bank (the Bank) pursuant to a separate Stock Purchase Agreement entered into between the VPF entity and the Bank, dated August 20, 2026 (the Agreement) relating to up to 200,000 shares of Class A Common Stock, Par value $0.00001 per share (Common Stock), of Virtu Financial, Inc. (the Issuer), or non voting common interest units of Virtu Financial LLC (Units), convertible into Common Stock of the Issuer, and obligating the VPF Entity to deliver to the Bank up to such number of shares of Common Stock or Units (or, at the VPF Entitys election, under certain circumstances, an equivalent amount of cash) to settle the applicable Agreement.
Date of Notice	08/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/Mijo Suric, for UBS Financial Services Inc, as attorney-in-fact for AS&SO Investments LLC
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)