Virtu (VIRT) Co-President logs 30,000-share sale and large RSU stake
Rhea-AI Filing Summary
Virtu Financial Co-President & Co-COO Brett Fairclough reported open‑market sales of Class A common stock. On May 8, 2026, he sold a total of 30,000 shares in two transactions at weighted average prices of $49.8220 and $50.2901 per share, across multiple trades within disclosed price ranges.
Fairclough also reports derivative interests tied to Class A common stock. He holds 86,346 restricted stock units (RSUs), each representing one future share, with tranches scheduled to vest between January 31, 2027 and February 4, 2029. In addition, 10,930 underlying shares are linked to non‑voting common interest units held through Virtu Employee Holdco LLC; he disclaims beneficial ownership of those units beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares
Net Sell
4 txns
Insider
Fairclough Brett
Role
Co-President & Co-COO
Sold
30,000 shs ($1.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 14,632 | $49.822 | $729K |
| Sale | Class A common stock | 15,368 | $50.2901 | $773K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Non-voting common interest units of Virtu Financial LLC | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 42,473 shares (Direct);
Restricted Stock Unit — 86,346 shares (Direct);
Non-voting common interest units of Virtu Financial LLC — 10,930 shares (Indirect, See footnote)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $49.60 to $49.885, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $49.89 to $50.605, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- F4. 37,500 of the RSUs vest on January 31, 2027, 11,192 of the RSUs vest on February 2, 2027, 15,061 of the RSUs vest in two equal installments on February 4, 2027 and February 4, 2028, and 22,593 of the RSUs vest in three equal installments on February 4, 2027, February 4, 2028 and February 4, 2029.
- F5. Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
- F6. By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold vested and unvested Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 30,000 shares
Weighted average sale price 1: $49.8220/share
Weighted average sale price 2: $50.2901/share
+3 more
6 metrics
Shares sold
30,000 shares
Total Class A common stock sold on May 8, 2026
Weighted average sale price 1
$49.8220/share
First open‑market sale tranche on May 8, 2026
Weighted average sale price 2
$50.2901/share
Second open‑market sale tranche on May 8, 2026
RSU holdings
86,346 RSUs
Each RSU represents one share of Class A common stock
RSU vesting date 1
37,500 units
Vest on January 31, 2027
Indirect underlying shares
10,930 shares
Underlying Class A shares from non‑voting units via Virtu Employee Holdco LLC
Key Terms
Restricted Stock Unit, Exchange Agreement, Virtu Financial Units, pecuniary interest, +1 more
5 terms
Restricted Stock Unit financial
"Each RSU is granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Exchange Agreement financial
"Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders"
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.
Virtu Financial Units financial
"Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock"
pecuniary interest financial
"The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein"
weighted average price financial
"The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did VIRT executive Brett Fairclough report?
Brett Fairclough reported selling 30,000 shares of Virtu Financial Class A common stock. The open‑market sales occurred on May 8, 2026 at weighted average prices of $49.8220 and $50.2901 per share, across multiple trades within specified price ranges.
How many Virtu (VIRT) restricted stock units does Brett Fairclough hold?
He holds 86,346 restricted stock units, each representing one potential share of Class A common stock. These RSUs vest in scheduled tranches between January 31, 2027 and February 4, 2029 under Virtu’s Second Amended and Restated 2015 Management Incentive Plan.
When do Brett Fairclough’s VIRT RSUs vest?
His RSUs vest in several future installments: 37,500 on January 31, 2027, 11,192 on February 2, 2027, 15,061 split between February 4, 2027 and February 4, 2028, and 22,593 in three installments on February 4, 2027, 2028 and 2029.
What is Brett Fairclough’s indirect interest in Virtu Financial units?
He has an indirect interest in Virtu Financial LLC non‑voting units representing 10,930 underlying Class A shares, held through Virtu Employee Holdco LLC. He disclaims beneficial ownership of these units and related Class C shares except to the extent of his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
