Tradeweb Markets Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
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Item 5. Other Information
(a) None.
(b) None.
(c)Securities Trading Plans of Executive Officers and Directors
The following table describes trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, as defined in Item 408 of Regulation S-K (“Rule 10b5-1 trading arrangements”), adopted, modified orterminated by our executive officers and directors during the three months ended September 30, 2024.
| Name and Title | Action | Date | Aggregate Number of Securities to be Purchased or Sold | Scheduled Expiration Date (1) |
|---|---|---|---|---|
| Steven BernsDirector | Adoption | August 7, 2024 | Sale of an amount equal to up to: (A) 731 shares of Class A Common Stock, plus (B) up to 450 shares of Class A common stock to be issued upon the vesting on May 10, 2025 of previously awarded restricted stock units. | August 1, 2025 |
| William HultChief Executive Officer | Adoption | August 7, 2024 | Sale of an amount equal to up to: (A) 38,377 shares of Class A Common Stock, plus (B) (i) 31,268 shares of Class A common stock to be issued upon the vesting on January 1, 2025 of previously awarded performance-based restricted stock units, plus (ii) the number of shares issued upon vesting on January 1, 2025 in settlement of dividend equivalent rights in respect of the 31,268 shares subject to the performance-based restricted stock units that accrued during the award’s vesting period of March 15, 2022 - January 1, 2025, pursuant to the terms of the award agreement and determined on the vesting date, less (iii) the number of shares withheld for taxes, to be determined on the vesting date. | August 1, 2025 |
| Justin PetersonChief Technology Officer | Adoption | August 7, 2024 | Sale of an amount equal to up to: (A) (i) 12,419 shares of Class A common stock to be issued upon the vesting on January 1, 2025 of previously awarded performance-based restricted stock units, plus (ii) the number of shares issued upon vesting on January 1, 2025 in settlement of dividend equivalent rights in respect of the 12,419 shares subject to the performance-based restricted stock units that accrued during the award’s vesting period of March 15, 2022 - January 1, 2025, pursuant to the terms of the award agreement and determined on the vesting date, less (iii) the number of shares withheld for taxes, to be determined on the vesting date, plus (B) (i) 10,329 shares of Class A common stock to be issued upon the vesting on March 15, 2025 of previously awarded restricted stock units, plus (ii) the number of shares issued upon vesting on March 15, 2025 in settlement of dividend equivalent rights in respect of the 10,329 shares subject to the restricted stock units that accrued during the awards’ applicable vesting period, pursuant to the terms of the applicable award agreement and determined on the vesting date,2 less (iii) the number of shares withheld for taxes, to be determined on the vesting date. | May 15, 2025 |
| Name and Title | Action | Date | Aggregate Number of Securities to be Purchased or Sold | Scheduled Expiration Date (1) |
|---|---|---|---|---|
| Scott ZuckerChief Risk Officer | Adoption | August 15, 2024 | Sale of an amount equal to up to: (A) (i) 5,785 shares of Class A common stock to be issued upon the vesting on January 1, 2025 of previously awarded performance-based restricted stock units, plus (ii) the number of shares issued upon vesting on January 1, 2025 in settlement of dividend equivalent rights in respect of the 5,785 shares subject to the performance-based restricted stock units that accrued during the award’s vesting period of March 15, 2022 - January 1, 2025, pursuant to the terms of the award agreement and determined on the vesting date, less (iii) the number of shares withheld for taxes, to be determined on the vesting date, plus (B) (i) 4,723 shares of Class A common stock to be issued upon the vesting on March 15, 2025 of previously awarded restricted stock units, plus (ii) the number of shares issued upon vesting on March 15, 2025 in settlement of dividend equivalent rights in respect of the 4,723 shares subject to the restricted stock units that accrued during the awards’ applicable vesting period, pursuant to the terms of the applicable award agreement and determined on the vesting date,2 less (iii) the number of shares withheld for taxes, to be determined on the vesting date. | April 1, 2025 |
| Sara FurberChief Financial Officer | Adoption | September 13, 2024 | Sale of an amount equal to up to: (A) (i) 17,741 shares of Class A common stock to be issued upon the vesting on January 1, 2025 of previously awarded performance-based restricted stock units, plus (ii) the number of shares issued upon vesting on January 1, 2025 in settlement of dividend equivalent rights in respect of the 17,741 shares subject to the performance-based restricted stock units that accrued during the award’s vesting period of March 15, 2022 - January 1, 2025, pursuant to the terms of the award agreement and determined on the vesting date, less (iii) the number of shares withheld for taxes, to be determined on the vesting date, plus (B) (i) 14,523 shares of Class A common stock to be issued upon the vesting on March 15, 2025 of previously awarded restricted stock units, plus (ii) the number of shares issued upon vesting on March 15, 2025 in settlement of dividend equivalent rights in respect of the 14,523 shares subject to the restricted stock units that accrued during the awards’ applicable vesting period, pursuant to the terms of the applicable award agreement and determined on the vesting date,2 less (iii) the number of shares withheld for taxes, to be determined on the vesting date, plus (C) (i) 3,619 shares of Class A common stock to be issued upon the vesting on March 30, 2025 of previously awarded restricted stock units, plus (ii) the number of shares issued upon vesting on March 30, 2025 in settlement of dividend equivalent rights in respect of the 3,619 shares accrued during the award’s vesting period of October 1, 2021 - March 15, 2025, pursuant to the terms of the award agreement and determined on the vesting date, less (iii) the number of shares withheld for taxes, to be determined on the vesting date. | June 13, 2025 |
(1) In each case, the Rule 10b5-1 trading arrangement may also expire on such earlier date as all such transactions under the trading arrangement are completed or at such time as such trading arrangement is otherwise terminated in accordance with its terms.
(2) Includes awards of restricted stock units granted in 2022, 2023 and 2024, which awards vest one-third each year over a three-year period.
During the three months ended September 30, 2024, none of our directors or executive officers adopted, modified orterminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408 of Regulation S-K).
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