4/A: Virtu Financial EVP Amends Stock Ownership Filing

Virtu Financial's EVP, Stephen Cavoli, filed an amended Form 4 to correct transaction codes related to recent RSU vesting and tax withholdings.

Summary

• Stephen Cavoli, Executive Vice President (EVP) of Virtu Financial, Inc. (VIRT), filed an amended Form 4 (Form 4/A) to correct transaction codes in Table I box 3 for shares withheld for tax.
• On January 31, 2026, Cavoli acquired 37,500 shares of Class A common stock resulting from the vesting and settlement of Restricted Stock Units (RSUs) earned for the Issuer's 2024 performance objective.
• On the same date, he acquired an additional 37,500 shares of Class A common stock from RSUs earned for the Issuer's 2025 performance objective, which also vested.
• Also on January 31, 2026, 19,144 shares of Class A common stock were withheld for tax by the Issuer in two separate instances related to the settlement of vested RSUs.
• On February 2, 2026, Cavoli acquired 10,309 shares of Class A common stock in settlement of vested RSUs.
• On February 2, 2026, 5,263 shares of Class A common stock were withheld for tax by the Issuer in relation to the settlement of vested RSUs.
• Following these reported transactions, Cavoli directly beneficially owns 199,461 shares of Class A common stock.
• Certain RSUs earned on January 31, 2026, are scheduled to vest on January 31, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily a routine disclosure of executive equity compensation and a clerical correction. It does not indicate significant positive or negative operational or financial developments for Virtu Financial.

Positives

• EVP Stephen Cavoli earned 37,500 Restricted Stock Units (RSUs) for achieving Virtu Financial's 2024 performance objectives, which vested and settled into Class A common stock.
• EVP Stephen Cavoli earned an additional 37,500 RSUs for achieving Virtu Financial's 2025 performance objectives, which vested into Class A common stock.
• EVP Stephen Cavoli acquired 10,309 shares of Class A common stock from vested RSUs, demonstrating continued equity compensation realization.

Negatives

• 19,144 shares of Class A common stock were withheld for tax on January 31, 2026, in two separate instances related to RSU settlements.
• An additional 5,263 shares of Class A common stock were withheld for tax on February 2, 2026, also related to RSU settlements.

Future Outlook

Certain Restricted Stock Units (RSUs) earned by Stephen Cavoli on January 31, 2026, are scheduled to vest on January 31, 2027, indicating future equity compensation payouts under the existing incentive plan.

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4/A are routine disclosures for executives receiving equity compensation. They provide transparency into management's direct ownership changes but typically do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation, which is standard for publicly traded companies.
• Employees: Reflects the operation of the company's management incentive plan, potentially impacting morale and retention for other participants.

Next Steps

• Vesting of 37,500 Restricted Stock Units on January 31, 2027.

Key Dates

Recommendation

This Form 4/A is a routine disclosure of executive equity compensation and a clerical correction. It provides no new fundamental information about Virtu Financial's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and part of a pre-existing compensation plan.

Keywords

Virtu Financial, VIRT, Stephen Cavoli, Form 4/A, SEC filing, insider trading, stock ownership, RSU vesting, executive compensation, Class A common stock, equity compensation, tax withholding