Tradeweb (TW) MD Troy Dixon sells 2,584 shares under 10b5-1 plan

Rhea-AI Filing Summary

Tradeweb Markets Inc. managing director and Co-Head of Global Markets Troy Dixon sold 2,584 shares of Class A common stock in an open-market transaction at $125.75 per share on March 20, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.

After the sale, he directly holds 34,993 shares of Class A common stock. He also holds 21,013 unvested RSUs scheduled to vest in equal installments on March 15, 2027 and March 15, 2028, and 10,850 unvested RSUs vesting in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to continued employment.

Insider Trade Summary 10b5-1

Net Seller: 2,584 shares ($324,938)

Net Sell 1 txn

Insider Dixon Troy

Role MD, Co-Head of Global Markets

Sold 2,584 shs ($325K)

Type	Security	Shares	Price	Value
Sale	Class A common stock	2,584	$125.75	$325K

Holdings After Transaction: Class A common stock — 34,993 shares (Direct)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025. This amount includes (i) 21,013 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that are scheduled to vest in equal installment on March 15, 2027 and March 15, 2028 and (ii) 10,850 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, in each case, subject to the reporting person's continued employment through the applicable vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Dixon Troy

(Last) (First) (Middle)

TRADEWEB MARKETS INC.

245 PARK AVENUE

(Street)

NEW YORK NEW YORK 10167

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Tradeweb Markets Inc. [ TW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Co-Head of Global Markets

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	03/20/2026		S(1)		2,584	D	$125.75	34,993(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025.

2. This amount includes (i) 21,013 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that are scheduled to vest in equal installment on March 15, 2027 and March 15, 2028 and (ii) 10,850 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, in each case, subject to the reporting person's continued employment through the applicable vesting date.

Remarks:

	/s/ Douglas Friedman, Attorney-in-Fact for Troy Dixon	03/24/2026
	** Signature of Reporting Person	Date
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Troy Dixon report for Tradeweb Markets (TW)?

Troy Dixon reported selling 2,584 shares of Tradeweb Markets Class A common stock at $125.75 per share. The trade occurred on March 20, 2026 as an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.

How many Tradeweb (TW) shares does Troy Dixon hold after this Form 4 sale?

After the reported sale, Troy Dixon directly holds 34,993 shares of Tradeweb Class A common stock. This remaining position provides context that the 2,584 shares sold represent only a portion of his holdings, rather than a complete or near-complete exit from his equity stake.

Was Troy Dixon’s Tradeweb (TW) stock sale part of a Rule 10b5-1 plan?

Yes. The footnotes state the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on December 15, 2025. Such plans pre-schedule trades, making the timing more routine and reducing the informational value of the specific trade date for investors.

What unvested RSUs does Troy Dixon have related to Tradeweb (TW)?

Troy Dixon holds 21,013 unvested RSUs scheduled to vest in equal installments on March 15, 2027 and March 15, 2028. He also has 10,850 unvested RSUs vesting in equal installments on March 15, 2027, March 15, 2028 and March 15, 2029, subject to continued employment.

What role does Troy Dixon hold at Tradeweb Markets (TW)?

Troy Dixon is an officer of Tradeweb Markets Inc., serving as Managing Director and Co-Head of Global Markets. His position makes his equity transactions subject to Form 4 reporting requirements, providing transparency into his trades in the company’s Class A common stock.