Virtu Financial Insider Boosts Stake via RSU Settlement, Adds Fresh Grant

Rhea-AI Filing Summary

Virtu Financial, Inc. (VIRT) – Insider Form 4 filing

Director Christopher C. Quick reported two equity-linked transactions involving Class A common stock.

• 07 Jul 2025: 6,681 RSUs that had vested on 03 Jul 2025 were converted (Code “M”) into the same number of shares at a $0 exercise price. Following the conversion, Quick directly owns 57,804 Class A shares.
• 01 Jul 2025: Quick received a new grant of 3,392 restricted stock units under the 2015 Management Incentive Plan. These RSUs will vest on 01 Jul 2026 and each unit represents one share.
• After the reported activity, Quick still holds 10,073 RSUs outstanding.

No open-market purchases or sales were disclosed; all activity reflects equity compensation and share settlement. The absolute number of shares involved is modest relative to Virtu’s total float and does not materially alter insider ownership levels, but the absence of sales and the receipt of additional RSUs may be viewed as a signal of continued alignment between the director and shareholders.

Positive

• Director increased direct share ownership by 6,681 shares via RSU conversion, marginally aligning incentives with shareholders.

Negative

• None.

Insights

Senior Equity Analyst

TL;DR: Director converted 6.7k RSUs to shares, received 3.4k new RSUs; no sales, minor positive signal.

The filing is routine compensation-related. A net 6,681 shares moved into direct ownership through RSU settlement, raising Christopher Quick’s direct stake to 57,804 shares. A fresh grant of 3,392 RSUs extends his incentive horizon to July 2026, suggesting continued board-level engagement. While insider acquisitions can be constructive, the size (<0.05 % of shares outstanding) is immaterial to valuation and liquidity. No cash changed hands, and there is no indication of open-market buying pressure. Overall impact on the investment thesis is limited but directionally positive because insider exposure increased, not decreased.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Quick Christopher C

(Last) (First) (Middle)

C/O VIRTU FINANCIAL, INC.

1633 BROADWAY

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Virtu Financial, Inc. [ VIRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	07/03/2025		M		6,681	A	(1)	57,804	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	07/01/2025		A		3,392		(3)	(3)	Class A common stock	3,392	$0	10,073	D
Restricted Stock Unit	(2)	07/03/2025		M			6,681	(4)	(4)	Class A common stock	6,681	$0	3,392	D

Explanation of Responses:

1. Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.

2. 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.

3. The RSUs vest on July 1, 2026.

4. The RSUs vested on July 3, 2025.

Remarks:

	Justin Waldie, as Attorney-in-Fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Virtu Financial (VIRT) shares did Christopher C. Quick acquire?

He converted 6,681 RSUs into the same number of Class A shares at a $0 exercise price.

Did the Virtu Financial director sell any shares in this Form 4?

No. The filing shows only acquisitions through RSU settlement; no open-market sales were reported.

What is the total direct share ownership of Christopher C. Quick after the transactions?

Quick now holds 57,804 Class A shares directly.

When will the newly granted 3,392 RSUs vest?

The RSUs granted on 01 Jul 2025 are scheduled to vest on 01 Jul 2026.

How many restricted stock units does the director still hold?

After these transactions, Quick retains 10,073 RSUs outstanding.