Form 4: Tradeweb Markets Inc. Director Steven Berns Reports Stock Sale
SEC Form 4
Director Steven Berns of Tradeweb Markets Inc. reports selling 760 shares of Class A common stock at $112.71 per share on May 20, 2024, under a pre-arranged trading plan.
Summary
- On May 20, 2024, Steven Berns, a director of Tradeweb Markets Inc., sold 760 shares of Class A common stock.
- The sale was executed at a price of $112.71 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 4, 2023.
- Following the transaction, Berns beneficially owns 3,574 shares, including 1,323 unvested RSUs scheduled to vest on May 10, 2025, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a director, which is neither particularly positive nor negative.
Future Outlook
The reporting person holds 1,323 unvested RSUs that are scheduled to vest on May 10, 2025, subject to continued service as a director.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider, providing transparency to the market regarding the trading activities of key personnel.
Stakeholder Impact
- The sale of shares by a director may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2023-08-04 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 2024-03-28 | Date of the issuer's Proxy Statement on DEF 14A filed with the SEC |
| 2024-05-10 | Vesting date for 1,323 unvested RSUs, subject to continued service as a director |
| 2024-05-20 | Date of the transaction (sale of shares) |
| 2024-05-21 | Date of signature of the report |
| 2025-05-10 | Scheduled vesting date for 1,323 unvested RSUs |
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