Virtu Financial (NASDAQ: VIRT) shifts units to staff in 2026 equity distributions
Rhea-AI Filing Summary
Virtu Financial, Inc. (VIRT) reported that Virtu Employee Holdco LLC, a director and ten-percent owner, disposed of non-voting common interest units of Virtu Financial LLC and corresponding shares of Class C common stock in multiple transactions. On May 1, May 20 and August 3, 2026, the LLC disposed of blocks of 135,360, 20,000 and 210,440 units and matching Class C shares, which were distributed to electing employees and then exchanged for Class A common stock under an Exchange Agreement. On August 20, 2026, the LLC executed an exercise or conversion involving 200,000 units into Class A common stock and disposed of 200,000 corresponding Class C shares in a distribution to an electing employee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 565,800 shares
Net Sell
8 txns
Insider
Virtu Employee Holdco LLC
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-voting common interest units of Virtu Financial LLC F2 | 200,000 | -- | -- |
| Disposition | Class C common stock F2 | 200,000 | -- | -- |
| Disposition | Non-voting common interest units of Virtu Financial LLC F1 | 210,440 | -- | -- |
| Disposition | Class C common stock F1 | 210,440 | -- | -- |
| Disposition | Non-voting common interest units of Virtu Financial LLC F1 | 20,000 | -- | -- |
| Disposition | Class C common stock F1 | 20,000 | -- | -- |
| Disposition | Non-voting common interest units of Virtu Financial LLC F1 | 135,360 | -- | -- |
| Disposition | Class C common stock F1 | 135,360 | -- | -- |
Holdings After Transaction:
Non-voting common interest units of Virtu Financial LLC — 2,690,834 shares (Direct);
Class C common stock — 2,690,834 shares (Direct)
Footnotes (2)
- F1. Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).
- F2. Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employee.
Key Figures
Exercise or conversion units on August 20, 2026: 200,000 non-voting common interest units
Class C common stock disposed on August 20, 2026: 200,000 shares
Units and Class C shares disposed on August 3, 2026: 210,440 units and 210,440 shares
+5 more
8 metrics
Exercise or conversion units on August 20, 2026
200,000 non-voting common interest units
Exercised or converted into Class A common stock with corresponding Class C disposition
Class C common stock disposed on August 20, 2026
200,000 shares
Distributed to an electing employee with related derivative exercise or conversion
Units and Class C shares disposed on August 3, 2026
210,440 units and 210,440 shares
Distributed to electing employees and then exchanged for Class A common stock
Units and Class C shares disposed on May 20, 2026
20,000 units and 20,000 shares
Distributed to electing employees and then exchanged for Class A common stock
Units and Class C shares disposed on May 1, 2026
135,360 units and 135,360 shares
Distributed to electing employees and then exchanged for Class A common stock
Derivative transaction count
4 transactions
Form 4 reports four derivative-type records involving Virtu Financial LLC units
Dispose-direction transactions
8 transactions
All reported transactions are categorized with a dispose direction
Exercise shares summary
200,000 shares
Aggregate shares involved in derivative exercises or conversions per transaction summary
Key Terms
Non-voting common interest units, Class C common stock, Exchange Agreement, disposition to issuer, +1 more
5 terms
Non-voting common interest units financial
"Non-voting common interest units of Virtu Financial LLC"
Class C common stock financial
"Virtu Financial Units and corresponding shares of Class C Common Stock"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
Exchange Agreement financial
"then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer"
ten-percent owner financial
"identified as a director and ten-percent owner of Virtu Financial, Inc."
FAQ
Who is the reporting person in the VIRT Form 4 and what is their role?
The reporting person is Virtu Employee Holdco LLC, identified as both a director and a ten-percent owner of Virtu Financial, Inc. The LLC reported dispositions of non-voting units of Virtu Financial LLC and corresponding shares of Class C common stock.
What transactions on August 20, 2026 were reported for VIRT?
On August 20, 2026, Virtu Employee Holdco LLC reported an exercise or conversion of 200,000 non-voting common interest units of Virtu Financial LLC into Class A common stock and a related disposition of 200,000 shares of Class C common stock distributed to an electing employee.
What earlier 2026 dispositions did Virtu Employee Holdco LLC report for VIRT?
The LLC reported dispositions on May 1, May 20 and August 3, 2026 of blocks of 135,360, 20,000 and 210,440 non-voting units of Virtu Financial LLC and matching Class C shares, which were distributed to electing employees and then exchanged for Class A common stock.
Were the VIRT Form 4 transactions executed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes describe distributions and exchanges under an Exchange Agreement, indicating these reported transactions were not affirmatively identified as executed pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
