Early Access — free while we kick the tires
EdgarHawk

TW Tradeweb Markets Inc. Insider Trading

Latest: CTO Sold $2.2M of Shares · Jun 2026

Multiple insiders have been active at Tradeweb Markets Inc. (TW): 5 distinct insiders account for 0 buy filings and 17 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: CTO Justin Peterson sold $2.2M, transaction dated Jun 2026.

17 filings analyzed · Latest 2026-06-02

Get alerts for TW

Free Form 4 email alerts, scored for significance — see how.

Buys
0
Sells
17
Insiders
5
Direction
Net selling

Tradeweb Markets Inc. leadership

General Counsel
Douglas Friedman — Chief Legal Officer
Chair
Jacques Aigrain — Chairperson of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-02 10b5-1 Plan
medium
Chief Technology Officer
21,221 shares
$2,164,542
@ $102.00
Significance 4

CTO Justin Peterson sold 21,221 shares of TW at $102.00 (2.2M) under pre-arranged 10b5-1 plan; stock down 33.6% from 52-week high.

Justin Peterson, Chief Technology Officer, executed a sale of 21,221 shares at $102.00 on 2026-06-01 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-03, reducing his holdings from 36,291 shares to 15,070 shares. This is a scheduled transaction, not a discretionary decision. The stock is currently trading at $97.98, down 33.6% from its 52-week high of $147.49 and down 12.3% over the prior 30 days. At the same ticker, Peterson's prior four measurable sales (2026-04-15, 2026-02-10, 2025-03-19, 2025-01-06) showed mixed 30-day outcomes but predominantly negative 90-day performance, with his most recent sale on 2026-04-15 followed by a 90-day decline of 17.0%. Given the pre-arranged nature of this transaction, the recency and magnitude of the stock's price decline, and the consistent underperformance pattern following his recent sales at this ticker, investors should monitor the company's fundamental trajectory and market conditions that preceded this plan's execution.

April 2026
2026-04-17 10b5-1 Plan
medium
Chief Technology Officer
21,221 shares
$2,560,496
@ $120.66
Significance 4

TW CTO Peterson sells 21,221 shares at $120.66, trimming holding 36.9%; stock down 19.8% from 52-week high.

Justin Peterson, Chief Technology Officer, sold 21,221 shares of Tradeweb Markets Inc. at $120.66 on 2026-04-15, reducing his holdings from 57,512 shares to 36,291 shares. The sale price represents a significant premium to the current price of $118.34, though the stock remains 19.8% below its 52-week high of $147.46. His cross-ticker track record shows a 90-day well-timed rate of 50.00% across 8 prior sells, while his same-ticker history at TW shows 2 of 4 prior measurable sells were well-timed at the 90-day mark, indicating mixed historical precision. The company fundamentals remain solid with $508.6M in quarterly revenue, $185.6M in net income, and 18.9% annual revenue growth, though the 31.06 P/E suggests limited margin of safety at these valuations.

March 2026
2026-03-24 10b5-1 Plan
medium
Chief Financial Officer
6,525 shares
$816,047
@ $125.06
Significance 5

CFO Furber sells 6,525 shares for $816,046.80; position down 22.7% in two trades on 2026-03-20 and 2026-03-23.

Sara Furber, CFO of Tradeweb Markets, executed 2 separate sales totaling 6,525 shares for $816,046.80, reducing her holdings from 28,789 to 22,264 shares (a 22.7% reduction). The sales were priced at $125.13 and $124.86, near the current price of $123.33 and well below the 52-week high of $149.02. At Tradeweb specifically, Furber's prior 4 measurable sells showed mixed outcomes: 2 of 4 were well-timed at the 90-day mark (negative post-sale returns), while the other 2 saw gains; her cross-ticker track record across all holdings shows a 50.00% well-timed rate on sells. The company fundamentals remain solid (revenue $508.6M, net income $185.6M, annual growth +18.9%, P/E 32.37), providing no obvious distress signal. The sale timing relative to recent price action (stock up 3.2% over 30 days and 15.0% over 90 days) does not reveal a clear pattern consistent with insider foresight of near-term decline.

2026-03-05 10b5-1 Plan
medium
Chief Executive Officer
72,450 shares
$9,101,162
@ $125.62
Significance 4

CEO Hult sells 72,450 TW shares at $125.62; post-transaction holdings 126,738 shares (36.4% reduction via 10b5-1 plan)

CEO William Hult sold 72,450 shares of Tradeweb Markets Inc. (TW) at $125.62 on 2026-03-03, reducing his holdings from 199,188 shares to 126,738 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-03, meaning the sale was scheduled rather than discretionary. The 36.4% reduction in his pre-transaction holdings represents a meaningful decrease in personal equity stake, though the plan-based nature indicates the timing and structure were predetermined and not responsive to current market conditions or company-specific developments.

February 2026
2026-02-23
low
MD, Co-Head of Global Markets
17,380 shares
$2,072,913
@ $119.27
Significance 4

MD Bruni Enrico sold 17,380 shares of TW at $119.27 for $2.1M on 2026-02-20. Holds 102,319 post-transaction.

Bruni Enrico, Co-Head of Global Markets at Tradeweb Markets, sold 17,380 shares at $119.27, reducing his holdings by 14.5% to 102,319 shares. The sale represents a significant position reduction, though the executive retains substantial ownership. At current price of $118.00, TW stock is down 20.8% from its 52-week high and has rebounded 14.8% in the prior 30 days following a 9.8% 90-day gain. Across his same-ticker history at TW, Bruni's 5 prior sells all realized positive 90-day returns (ranging +21.3% to +22.3%), indicating his prior sales at this company have consistently sold before subsequent rallies—a 0.00% well-timed rate. This pattern persists in his cross-ticker track record with 13 prior sells averaging +21.7% 90-day returns at a 0.00% well-timed rate, suggesting a consistent pattern of selling ahead of upward moves rather than ahead of declines.

2026-02-12 10b5-1 Plan
medium
Chief Legal Officer
30,549 shares
$3,527,231
@ $115.46
Significance 4

CLO Douglas Friedman sells 30,549 shares for $3.5M via 10b5-1 plan adopted Nov 2025

Douglas Friedman, Chief Legal Officer at Tradeweb Markets Inc., executed 2 separate sales totaling 30,549 shares for $3,527,230.62 at blended average price $115.46 on 2026-02-10, pursuant to a pre-arranged 10b5-1 trading plan adopted on 2025-11-03. This sale reduced his holdings from 43,677 shares to 13,128 shares, a reduction of 69.9% of his pre-transaction stake. Because the transaction is scheduled under a 10b5-1 plan rather than discretionary, it reflects predetermined execution rather than a real-time market decision. The significant reduction in absolute holding size—from 43.7K to 13.1K shares—represents a material change in his company exposure, though the scheduled nature of the plan limits what can be inferred about current management sentiment regarding the stock.

2026-02-12 10b5-1 Plan
medium
Chief Financial Officer
63,128 shares
$7,266,241
@ $115.10
Significance 5

CFO Sara Furber sold 63,128 shares of TW at $115.10 for $7.3M via pre-arranged 10b5-1 plan; retained 23.5K shares.

CFO Sara Furber executed a substantial reduction in Tradeweb Markets holdings, selling 63,128 shares valued at $7,266,241.12 on 2026-02-10 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-03. The sale reduced her direct holdings by 72.9% versus pre-transaction levels, from 86,648 shares to 23,520 shares. Because this transaction was scheduled under a 10b5-1 plan rather than discretionary, it reflects a predetermined execution schedule rather than a real-time market judgment. The magnitude of the reduction—nearly three-quarters of prior holdings—warrants review of the plan's original adoption context and any contemporaneous filing disclosures to understand the CFO's intent at the time of plan establishment.

2026-02-12 10b5-1 Plan
medium
Chief Executive Officer
121,218 shares
$13,994,613
@ $115.45
Significance 5

TW CEO Hult sold 121,218 shares for $13,994,612.66 on 2026-02-10 under pre-arranged 10b5-1 plan

William Hult, Chief Executive Officer of Tradeweb Markets Inc., executed two separate sales totaling 121,218 shares at a blended average price of $115.45 on 2026-02-10, reducing his holdings by 48.9% from 247,956 shares to 126,738 shares. This transaction was conducted pursuant to a pre-arranged 10b5-1 trading plan adopted on 2025-11-03, making it a scheduled disposition rather than a discretionary trade. The scale of the reduction—nearly half his prior holdings—combined with the large aggregate proceeds of $13,994,612.66 represents a material shift in his equity position. However, the scheduled nature of the trade under a pre-arranged plan means the execution date and pricing reflect the plan's mechanics rather than independent decision-making at the time of sale.

2026-02-12 10b5-1 Plan
medium
Chief Technology Officer
11,254 shares
$1,299,484
@ $115.47
Significance 5

CTO Peterson sells 11,254 TW shares at $115.47, reducing stake 16.1%; stock +11.8% in 30 days but -22.2% from 52-week high.

Justin Peterson, Chief Technology Officer of Tradeweb Markets Inc., sold 11,254 shares at $115.47 on 2026-02-10 for $1,299,483.62, reducing his holdings from 70,095 to 58,841 shares. His cross-ticker track record shows mixed timing (50.00% well-timed rate with avg 90d return +0.1% across 7 prior sells), while at TW specifically, 2 of 4 prior measurable sells showed negative 90-day returns (well-timed). The current stock price of $116.01 sits -22.2% below the 52-week high of $149.02 and the stock is up +11.8% over the prior 30 days, indicating recent upward momentum despite being well below its peak. The company shows solid fundamentals with revenue of $508,598,000.00, net income of $185,636,000.00, and annual revenue growth of +18.9%, but trades at a P/E of 30.45, suggesting a premium valuation in a period of notable stock volatility.

March 2025
2025-03-21 10b5-1 Plan
low
Chief Financial Officer
7,139 shares
$1,019,643
@ $142.83
Significance 3

CFO Sara Furber sold 7,139 shares of TW at $142.83; holds 61,020 shares post-sale (-10.5% reduction)

Sara Furber, CFO of Tradeweb Markets, sold 7,139 shares at $142.83 on 2025-03-20, reducing her holdings by -10.5% to 61,020 shares. The sale occurred near the 52-week high of $143.00 and follows a 30-day rally of +9.9% in the stock. Across her prior trades at Tradeweb, Furber's sells have not demonstrated favorable timing: her two completed 90-day outcomes at this ticker showed returns of +2.3% and +1.8%, meaning the stock rose after she sold (0 of 2 prior sells were well-timed). Her cross-ticker selling track record shows an average 90d return of +2.0% with a 0.00% well-timed rate, indicating a historical pattern of selling before gains. The transaction itself is modest in absolute terms relative to her remaining holdings and does not represent material divestiture, though the pattern of selling into strength warrants observation.

More Security and Commodity Brokers companies