Virtu Financial, Inc. 10-Q

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. 94 Table of Contents Total share repurchases for the three months ended September 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 July 1, 2020 - July 31, 2020 Class A Common Stock / Virtu Financial Units repurchases 6,569 24.07 N/A N/A Class C Common Stock/ Virtu Financial Units repurchases — — — August 1, 2020 - August 31, 2020 Class A Common Stock / Virtu Financial Units repurchases 73,001 25.69 N/A N/A Class C Common Stock/ Virtu Financial Units repurchases — — — September 1, 2020 - September 30, 2020 Class A Common Stock / Virtu Financial Units repurchases — — N/A N/A Class C Common Stock/ Virtu Financial Unit repurchases — — — Total Common Stock / Virtu Financial Unit repurchases 79,570 $ 25.56 — $— (1) Comprises the repurchase of 79,570 shares from employees in order to satisfy statutory tax withholding requirements upon the net settlement of equity awards for the three months ended September 30, 2020. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES None.