1 unchanged sentence
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.
−Removed: Total share repurchases for the three months ended June 30, 2023 were as follows:
+Added: Total share repurchases for the three months ended September 30, 2023 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
−Removed: April 1, 2023 - April 30, 2023
+Added: July 1, 2023 - July 31, 2023
Class A Common Stock / Virtu Financial Units repurchases 80,081 $ 18.65 80,081 $201,728,674
−Removed: May 1, 2023 - May 31, 2023
+Added: Class C Common Stock/ Virtu Financial Units repurchases 5,086 19 N/A
+Added: August 1, 2023 - August 31, 2023
Class A Common Stock / Virtu Financial Units repurchases 888,398 $ 18.81 858,370 $185,577,623
−Removed: June 1, 2023 - June 30, 2023
+Added: Class C Common Stock/ Virtu Financial Units repurchases 209,090 19 N/A
+Added: September 1, 2023 - September 30, 2023
Class A Common Stock / Virtu Financial Units repurchases 1,759,862 $ 17.77 1,751,481 $154,444,737
Total Common Stock / Virtu Financial Unit repurchases 2,942,517 $ 18.19 2,689.932 $154,444,737
−Removed: (1) Includes the repurchase of 9,147 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, 2023
+Added: (1) Includes the repurchase of 38,409 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, 2023
On November 6, 2020, the Company's Board of Directors authorized a new share repurchase program of up to $100.0 million in Class A common stock and Virtu Financial Units by December 31, 2021.
5 unchanged sentences
The timing and amount of repurchase transactions are determined by the Company's management based on its evaluation of market conditions, share price, cash sources, legal requirements and other factors.
−Removed: From the inception of the program through June 30, 2023, the Company repurchased approximately 38.5 million shares of Class A Common Stock and Virtu Financial Units for approximately $1,016.7 million.
−Removed: As of June 30, 2023, the Company has approximately $203.3 million remaining capacity for future purchases of shares of Class A Common Stock and Virtu Financial Units under the program.
+Added: From the inception of the program through September 30, 2023, the Company repurchased approximately 41.2 million shares of Class A Common Stock and Virtu Financial Units for approximately $1,065.6 million.
+Added: As of September 30, 2023, the Company has approximately $154.4 million remaining capacity for future purchases of shares of Class A Common Stock and Virtu Financial Units under the program.
DEFAULTS UPON SENIOR SECURITIES
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.