VIRT CLUSTER SEC Filing Analysis

Latest settled — T+20d

VIRT ▼ -1.72% at T+20d

NEUTRAL call ✗ call lost -1.72% · α vs SPY -6.68% · entry $50.38 → $49.51

Next anchor: T+60d in 7w

Currently $57.62 · +14.38% from $50.38 entry

Entry anchored
May 4, 03:59 PM ET
via Databento tick

T+1d

-0.66%

call -0.66% · α -2.04%

$50.05

settled 6w ago

T+5d

+2.31%

call +2.31% · α +0.32%

$51.54

settled 5w ago

T+20d

-1.72%

call -1.72% · α -6.68%

$49.51

settled 11d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Two Virtu insiders sold a combined $929K in open-market sales within 7 days of a strong Q1 earnings beat (Normalized Adjusted EPS $2.24 vs $1.46 consensus, revenue up 30.7% YoY). The selling is modest relative to VIRT's $7.7B market cap (0.012%) and likely reflects routine portfolio diversification following the stock's post-earnings run-up, not a negative signal on fundamentals.

Key Financial Metrics

Direction

selling

Total Value

$929.0K

Insiders

2

Actionable Insight

The insider selling is too small in dollar terms to warrant a bearish read-through. Monitor for any larger sales by C-suite executives in the next 30 days; if selling accelerates beyond 0.5% of market cap, it would merit attention. For now, the cluster is noise against a strong earnings backdrop.

Key Facts

Co-President & Co-COO Brett Fairclough sold 14,632 shares at $49.82 for $729K on 2026-05-08
Director Virginia Gambale sold 4,000 shares at $50.00 for $200K on 2026-05-05
Total insider selling of $929K represents just 0.012% of VIRT's $7.7B market cap
Sales occurred 6-9 days after VIRT reported Q1 2026 earnings that beat consensus by 53% on Normalized Adjusted EPS
VIRT stock has likely appreciated following the earnings beat, creating a natural window for insiders to sell

Financial Impact

Total insider selling of $929K, or 0.012% of market cap — trivial relative to company size

Risk Factors

Insider selling could accelerate if the stock continues to rally, but current levels are immaterial
No risk of material negative signal from this cluster given the trivial dollar amounts

Market Snapshot

Exchange

NYSE

Sector

Security Brokers, Dealers & Flotation Companies

Analyst Consensus

62% bullish (13 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-VIRT-1778291506912

4 reports for VIRT

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for VIRT — sortable, filterable
	Type				Now
Jun 9, 2026 3d ago	8-K NEUTRAL ★ 2/10	$54.61 awaiting T+20	awaiting T+20	—	$57.62 (+5.51%)
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 3/10	$50.38 $49.51	▼ −1.72%	▼ −6.68%	$57.62 (+14.38%)
Apr 29, 2026 6w ago	8-K BULLISH ★ 8/10	$50.73 $48.57	▼ −4.26%	▼ −10.31%	$57.62 (+13.59%)
Apr 7, 2026 9w ago	Press Release NEUTRAL ★ 3/10	$47.45 $49.55	▲ +4.43%	▼ −5.35%	$57.62 (+21.44%)

US Market Status

Market Closed — Opens Mon (49h 43m)

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