2 unchanged sentences
The Class A Common Stock trade on Nasdaq under the ticker symbol “VIRT.” There is no established public trading market for Class B Common Stock, Class C Common Stock or Class D Common Stock.
−Removed: Based on information made available to us by the transfer agent, as of February 8, 2024, there are thirty-five stockholders of record of our Class A Common Stock, one of which was Cede & Co., a nominee for The Depository Trust Company, zero stockholders of record of our Class B Common Stock, six stockholders of record of our Class C Common Stock and one stockholder of record of our Class D Common Stock.
+Added: Based on information made available to us by the transfer agent, as of February 19, 2025, there are forty-five stockholders of record of our Class A Common Stock, one of which was Cede & Co., a nominee for The Depository Trust Company, zero stockholders of record of our Class B Common Stock, six stockholders of record of our Class C Common Stock and one stockholder of record of our Class D Common Stock.
All of our Class A Common Stock held by brokerage firms, banks and other financial institutions as nominees for beneficial owners is considered to be held of record by Cede & Co., who is considered to be one stockholder of record.
22 unchanged sentences
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: 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.
+Added: On November 6, 2020, the Company’s Board of Directors authorized a share repurchase program of up to $100.0 million in Class A common stock and Virtu Financial Units by December 31, 2021.
On February 11, 2021, the Company’s Board of Directors authorized the expansion of the program to $170 million.
On May 4, 2021 the Company’s Board of directors authorized the expansion of the program, increasing the total authorized to $470 million and extending the duration of the program through May 4, 2022.
−Removed: Additionally, on November 3, 2021 the Company's Board of Directors authorized the expansion of the program by an additional $750 million to $1,220 million total and extending the duration of the program through November 3, 2023, which was subsequently extended through December 31, 2024.
+Added: On November 3, 2021 the Company’s Board of Directors authorized the expansion of the program by an additional $750 million to $1,220 million total and extending the duration of the program through November 3, 2023, which was subsequently extended through December 31, 2024.
+Added: On April 24, 2024, the Company’s Board of Directors authorized the expansion of the program by an additional $500 million to $1,720 million and extended the duration through
+Added: April 24, 2026.
The Company may repurchase shares from time to time in open market transactions, privately negotiated transactions or by other means.
−Removed: Repurchases may also be made
−Removed: under Rule 10b5-1 plans.
+Added: Repurchases may also be made under Rule 10b5-1 plans.
The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements and other factors.
3 unchanged sentences
The Company has approximately $438.2 million of remaining capacity for future purchases of shares of Class A Common Stock and Virtu Financial Units under the program.
−Removed: The following table contains information about the Company’s purchases of its Class A Common Stock and Class C Common Stock during the three months ended December 31, 2023:
+Added: The following table contains information about the Company’s purchases of its Class A Common Stock during the three months ended December 31, 2024:
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
October 1, 2024 - October 31, 2024
−Removed: Class A Common Stock / Virtu Financial Units repurchases 1,039,179 $ 18.01 1,008,207 $ 136,271,227
+Added: Class A Common Stock repurchases 666,538 $ 31.85 635,708 $ 475,055,810
November 1, 2024 - November 30, 2024
−Removed: Class A Common Stock / Virtu Financial Units repurchases 661,261 17.7 658,939 124,606,029
+Added: Class A Common Stock repurchases 518,675 34.7 518,675 457,056,187
December 1, 2024 - December 31, 2024
−Removed: Class A Common Stock / Virtu Financial Units repurchases 731,810 19.44 730,673 110,402,519
−Removed: Total Common Stock / Virtu Financial Unit repurchases 2,432,250 $ 18.36 2,397,819 $ 110,402,519
+Added: Class A Common Stock repurchases 518,886 36.50 517,749 438,159,344
+Added: Total Common Stock repurchases 1,704,099 $ 34.13 1,672,132 $ 438,159,344
(1) Includes the repurchase of 31,967 shares from employees in order to satisfy statutory tax withholding requirements upon the net settlement of equity awards for the three months ended December 31, 2024
9 unchanged sentences
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.