Form 4: Virtu Financial Co-President Brett Fairclough Reports Stock Transactions

Brett Fairclough, Co-President & Co-COO of Virtu Financial, reports the sale of 72,967 shares of Class A common stock and adjustments to holdings of Restricted Stock Units (RSUs) and non-voting common interest units.

Summary

• On February 12, 2025, Brett Fairclough, Co-President & Co-COO of Virtu Financial, sold 72,967 shares of Class A common stock at a weighted average price of $36.8446.
• The sale resulted in Fairclough's direct ownership decreasing to 90,749 shares of Class A common stock.
• Fairclough also holds 94,065 Restricted Stock Units (RSUs), which represent a contingent right to receive one share of Class A common stock each.
• These RSUs vest at various dates in the future: 22,592 vest in three equal installments on February 4, 2026, February 4, 2027 and February 4, 2028; 22,385 vest in two equal installments on February 2, 2026 and February 2, 2027; 37,500 vest on January 31, 2026; and 11,588 vest on February 3, 2026.
• Fairclough indirectly holds 10,930 non-voting common interest units of Virtu Financial LLC through Virtu Employee Holdco LLC, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of insider transactions.
• The vesting of RSUs could potentially dilute existing shareholders over time.

Key Dates

Keywords

Virtu Financial, Brett Fairclough, Form 4, Stock Sale, RSUs, Beneficial Ownership, VIRT