Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Pursuant to the exchange agreement (the “Exchange Agreement”) entered into on April 15, 2015 by and among the Company, Virtu Financial and holders of Virtu Financial Units, Virtu Financial Units (along with the corresponding shares of our Class C Common Stock or Class D Common Stock, as applicable) may be exchanged at any time for shares of our Class A Common Stock or Class B Common Stock, as applicable, on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications.
Total share repurchases for the three months ended June 30, 2020 were as follows:
Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
April 1, 2020 - April 30, 2020
Class A Common Stock / Virtu Financial Units repurchases 1,668 21.93 N/A N/A
May 1, 2020 - May 31, 2020
Class A Common Stock / Virtu Financial Units repurchases 4,119 23.57 N/A N/A
June 1, 2020 - June 30, 2020
Class A Common Stock / Virtu Financial Units repurchases 2,940 22.96 N/A N/A
Total Common Stock / Virtu Financial Unit repurchases 8,727 $ 23.05 — $—
(1) Comprises the repurchase of 8,727 shares from employees in order to satisfy statutory tax withholding requirements upon the net settlement of equity awards for the three months ended June 30, 2020.
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ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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