# EDGAR Filing Document

**Accession Number:** 0001758730
**File Stem:** 0001758730-23-000105
**Filing Date:** 2023-3
**Character Count:** 8602
**Document Hash:** 344bada48b9c4d224e959ff4809c17d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001758730-23-000105.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001758730-23-000105

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230320

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Hult William
- **CENTRAL INDEX KEY:** 0001771194

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38860
- **FILM NUMBER:** 23753599

**MAIL ADDRESS:**
- **STREET 1:** TRADEWEB MARKETS INC.
- **STREET 2:** 1177 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tradeweb Markets Inc.
- **CENTRAL INDEX KEY:** 0001758730
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1177 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 646-430-6000

**MAIL ADDRESS:**
- **STREET 1:** 1177 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Hult William<br><sub>(Last) (First) (Middle)</sub><br>TRADEWEB MARKETS INC.<br>1177 AVENUE OF THE AMERICAS<br><sub>(Street)</sub><br>NEW YORK, NY 10036<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Tradeweb Markets Inc. [ TW ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A common stock | 2023-03-20 |  | F |  | 7944<sup>(1)</sup> | D | $75.04 | 182806<sup>(2)</sup> | D |  |
| Class A common stock | 2023-03-20 |  | A |  | 82<sup>(3)</sup> | A | $0 | 182888<sup>(2)</sup> | D |  |
| Class A common stock | 2023-03-20 |  | M<sup>(4)</sup> |  | 45000 | A | $20.59 | 227888<sup>(2)</sup> | D |  |
| Class A common stock | 2023-03-20 |  | S<sup>(4)</sup> |  | 45000 | D | 75.2247<sup>(5)</sup> | 182888<sup>(2)</sup> | D |  |
| Class A common stock | 2023-03-21 |  | M<sup>(4)</sup> |  | 30000 | A | $20.59 | 212888 | D |  |
| Class A common stock | 2023-03-21 |  | S |  | 30000 | D | 75.3154<sup>(6)</sup> | 182888 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $20.59 | 2023-03-20 |  | M<sup>(4)</sup> |  |  | 45000 | <sup>(7)</sup> | 2028-10-26 | Class A common stock | 45000.0 | $0 | 307900 | D |  |
| Stock Option (Right to Buy) | $20.59 | 2023-03-21 |  | M<sup>(4)</sup> |  |  | 30000 | <sup>(7)</sup> | 2028-10-26 | Class A common stock | 30000.0 | $0 | 277900 | D |  |

---

### Footnotes:

(1) Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") held by the reporting person.

(2) This amount includes (i) 8,281 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on March 15, 2024, (ii) 49,688 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on January 1, 2024, (iii) 17,309 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2024 and March 15, 2025, (iv) 31,268 unvested RSUs in respect of Class A Common Stock that are rescheduled to vest on January 1, 2025, and (v) 43,128 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2024, March 15, 2025 and March 15, 2026, in each case, subject to the reporting person's continued employment through the applicable vesting date.

(3) Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.

(4) This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2023.

(5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.42 to $75.77, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 5 and 6 to this Form 4.

(6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.58 to $75.68, inclusive.

(7) This option is fully vested and exercisable as of the date hereof.

**Signature:** /s/ Scott Zucker, Attorney-in-Fact for William Hult  
**Date:** 2023-03-22

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**