VIRT Virtu Financial, Inc. Insider Trading

Co-President Brett Fairclough sells 30K shares at VIRT near 52-week high; prior exits were well-timed, but stock fundamentals remain solid.

Brett Fairclough, Co-President and Co-COO of Virtu Financial, has disposed of 30,000 shares in two sales, totaling approximately $1.5 million, at prices very close to the company's 52-week high. This is his third open-market sale in the past nine months, continuing a pattern of consistent equity reduction at the officer level. The timing is noteworthy: his two prior sales at this company occurred in distinct market windows, and both proved well-timed in the near term—the stock declined sharply in the month following his August 2025 sale, and modestly following his February 2025 sale. Over longer horizons the picture is mixed, with one prior sale eventually recovering into a gain; his near-term exits have shown sound timing judgment. Virtu remains a profitable, revenue-growing business trading at a modest valuation multiple, which contextualizes this sale as portfolio reduction rather than a signal of deteriorating fundamentals. The sale at elevated prices and the insider's history of well-timed exits merit routine monitoring but do not raise immediate red flags given the company's financial health.

Molluso sells 200,000 VIRT shares at $38.88; remains with 326,585 shares. Stock up 17.2% in 90d.

Co-President & Co-COO Joseph Molluso sold 200,000 shares (200.0K shares) of Virtu Financial at $38.88 on 2026-02-19, totaling $7,776,420.00. His post-transaction holding of 326,585 shares represents a -38.0% reduction from pre-transaction. The stock has appreciated 17.2% over the past 90 days and currently trades at $39.82, near its 52-week midpoint. Molluso's prior VIRT transaction (a buy in September 2023) posted a 90-day return of +14.0%, indicating aligned timing with subsequent gains. The current sale occurs after a sustained rally and against a backdrop of strong fundamentals: annual revenue growth of +26.2% and a P/E of 7.75. The significance of this sale lies in both the volume and the timing relative to recent upward momentum, warranting review of related filings or broader context regarding executive capital allocation decisions at the firm.

EVP Cavoli sells 28,370 shares of VIRT for $1.1M; stock up 6.7% in 30 days, 16.8% in 90 days

Cavoli, EVP at Virtu Financial, sold 28,370 shares at $38.94 on 2026-02-17, reducing his holdings by 19.6% to 116,191 shares. This occurs as VIRT trades near the top of its 52-week range (current $39.36 is -12.8% from the $45.12 high) and shows strong recent momentum: +6.7% over 30 days and +16.8% over 90 days. Cavoli's cross-ticker sell track record shows mixed timing—an average 30-day return of -1.2% but a concerning 90-day return of +11.9%, with a 0.00% well-timed rate, suggesting his prior sales at other tickers have typically missed subsequent gains. At VIRT specifically, he executed five sales within a five-day window (2026-02-11 through 2026-02-13), and the most recent sale on 2026-02-13 is still within the measurement window. Fundamentals show solid growth: $824.8M quarterly revenue (+25.4% year-over-year) and a modest P/E of 13.21, providing no obvious distress signal. The concentrated selling activity and historical pattern of poorly-timed exits deserve attention given the company's operational strength.

EVP Cavoli sells 71,630 shares across 6 transactions at avg $38.09 for $2.7M; retains 144.6K shares post-sale.

Stephen Cavoli, EVP at Virtu Financial, executed 6 separate sales between 2026-02-11 and 2026-02-13, divesting 71,630 shares at prices ranging from $37.41 to $39.14 for a total of $2,728,559.59, reducing his stake from 216,191 to 144,561 shares (-33.1% of prior holdings). The stock currently trades at $38.34, near the midpoint of the transaction price range and +9.0% over the past 30 and 90 days. His cross-ticker track record shows 2 prior open-market sells with an average 90-day return of +11.9%, reflecting poorly-timed exits relative to subsequent price appreciation; at VIRT specifically, his prior two sells (2025-02-18 and 2025-02-14) saw 90-day returns of +12.6% and +11.1% respectively, indicating the stock has historically risen after his sales at this ticker. With a low P/E of 12.87 and strong fundamentals (25.4% annual revenue growth, $824.8M quarterly revenue, $77.6M net income), the company presents an attractive valuation backdrop against which a large insider reduction warrants attention to any disclosed rationale.

Brett Fairclough (Co-President & Co-COO) sold 90.7K VIRT shares at $42.40; complete exit from position on 2025-08-07

Fairclough sold his entire 90,701 share stake in Virtu Financial for $3.8M, liquidating a position that previously represented his complete holdings. In his cross-ticker history, Fairclough's 2 prior open-market sells posted a 50% well-timed rate at the 90-day mark, suggesting modest predictive accuracy. At Virtu specifically, his prior sales show mixed results: a February 2025 sale experienced a 90-day return of +15.0% (poorly timed, as the stock rose), while a May 2023 sale saw a 90-day return of -2.5% (well-timed). The company's fundamentals remain solid with $999.6M quarterly revenue, $151.2M net income, and 25.4% annual revenue growth; the stock trades at a P/E of 14.24 and is -5.9% from its 52-week high of $45.12. Complete liquidation by a senior executive warrants investor attention, particularly given the absence of scheduled flags that would explain the timing as routine or non-discretionary.

CEO Douglas Cifu sold 355,881 shares of VIRT for $13.8M across 4 trades, reducing holdings by 60.6%

Douglas Cifu, Chief Executive Officer of Virtu Financial, executed 4 separate open-market sales totaling 355,881 shares for $13,781,625.31 on April 25–28, 2025, reducing his holdings from 587,187 shares to 231,306 shares (a 60.6% reduction). The blended average sale price of $38.73 is near the current price of $39.20, occurring at the high end of the 52-week range ($21.19–$40.96). His cross-ticker track record shows 3 prior buys with a 100% win rate (average 90-day return +20.2%), establishing a pattern of well-timed entries; however, his same-ticker history at VIRT—3 prior buys in 2023–2024—all yielded positive 90-day returns, which indicates his historical buys preceded stock appreciation. This large, multi-tranche sale by the company's top executive near a 52-week high, after a period of positive price momentum (+3.8% over 30 days), warrants close observation of the strategic intent and any forward guidance.

EVP Cavoli sells 68.0K shares in two transactions for $2.5M at blended average $37.14

Stephen Cavoli, EVP of Virtu Financial, executed two separate sales totaling 68,000 shares on February 14 and February 18, 2025, generating $2,525,846.40 at a blended average price of $37.14. This sale reduced his holdings by 30.1%, from 225,703 shares to 157,703 shares post-transaction. The stock is currently trading at $37.73, modestly above the average transaction prices, within a 52-week range of $16.68–$40.96 and 7.9% below the 52-week high. With a P/E of 26.57 and recent revenue decline of -3.0% year-over-year alongside modest recent price momentum (+2.0% over 90 days), the transaction reflects a material reduction in this executive's equity exposure at prices near recent highs.

Co-President Brett Fairclough sold 72,967 shares of VIRT at $36.84 on Feb 12, reducing stake by 44.6% to 90.7K shares

Fairclough sold approximately 45% of his VIRT holdings for $2.7M at $36.84, retaining a meaningful 90.7K share position. His cross-ticker track record shows 100% well-timed selling at the 90-day mark with an average 90-day return of -2.5%, and his prior VIRT sale on 2023-05-01 was similarly well-timed (90d: -2.5%). The current stock is trading at $36.77, down 10.2% from the 52-week high of $40.96, and up 5.3% over 90 days. While fundamentals show modest weakness (revenue declined 3.0% year-over-year) with a P/E of 25.89, the recent price momentum is positive (+2.2% over 30 days). The scale of this reduction—from 163.7K to 90.7K shares—signals a material reallocation despite Fairclough's demonstrated pattern of well-timed exits.