{"filing":{"accession_number":"0001193125-26-425378","cik":"0001758730","ticker":"TW","company_name":"Tradeweb Markets Inc.","form":"8-K","filing_date":"2026-10-19","report_date":"2026-10-19","primary_document":"d140509d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1758730/000119312526425378/d140509d8k.htm"},"events":[{"id":36179,"run_id":33350,"accession_number":"0001193125-26-425378","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.97,"summary":"Tradeweb Markets entered into a definitive Equity Purchase Agreement and Agreement and Plan of Merger on October 19, 2026, to acquire Trumid Holdings, LLC for approximately $1.97 billion in cash and equity consideration. The transaction involves a merger of Merger Sub into Trumid and purchase of Blocker entities, expected to close in H1 2027 and be accretive to earnings within the first full year post-closing, significantly expanding Tradeweb's credit trading capabilities.","company_name":"Tradeweb Markets Inc.","ticker":"TW","filing_date":"2026-10-19","form":"8-K","submitted_at":null,"items":[{"id":40499,"accession_number":"0001193125-26-425378","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"Tradeweb Markets entered into a definitive Equity Purchase Agreement and Agreement and Plan of Merger on October 19, 2026, to acquire Trumid Holdings, LLC for approximately $1.97 billion in cash and equity consideration. The transaction involves a merger of Merger Sub into Trumid and purchase of Blocker entities, representing a material acquisition that would significantly expand Tradeweb's credit trading capabilities and is expected to be accretive to earnings within the first full year post-closing.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40500,"accession_number":"0001193125-26-425378","item_number":"3.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses an unregistered issuance of LLC Units and Class C Shares to Rollover Holders and Rollover Members under Section 4(a)(2) of the Securities Act. However, the substantive event disclosed in the supplemental press release (EX-99.1) is Tradeweb's entry into a definitive agreement to acquire Trumid Holdings, LLC for approximately $1.97 billion in an all-cash and equity transaction, expected to close in H1 2027. This is a material acquisition that should be classified as ma_activity under Item 1.01, with the equity issuance component disclosed under Item 3.02. The acquisition is the principal material event here.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40501,"accession_number":"0001193125-26-425378","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Tradeweb Markets announced entry into a definitive agreement to acquire Trumid Holdings for approximately $1.97 billion in cash and equity. The press release explicitly states the acquisition is \"expected to be accretive to Tradeweb's adjusted earnings per share within the first full year following closing\" and describes substantial strategic rationale including expansion of credit capabilities, new market positioning, and synergies. This is a material acquisition requiring disclosure under Item 1.01 of Form 8-K, disclosed here via Item 7.01 (Regulation FD Disclosure).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40499,"accession_number":"0001193125-26-425378","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.99,"reasoning":"Tradeweb Markets entered into a definitive Equity Purchase Agreement and Agreement and Plan of Merger on October 19, 2026, to acquire Trumid Holdings, LLC for approximately $1.97 billion in cash and equity consideration. The transaction involves a merger of Merger Sub into Trumid and purchase of Blocker entities, representing a material acquisition that would significantly expand Tradeweb's credit trading capabilities and is expected to be accretive to earnings within the first full year post-closing.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"Tradeweb Markets Inc.","ticker":"TW","filing_date":"2026-10-19"},{"id":40500,"accession_number":"0001193125-26-425378","item_number":"3.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses an unregistered issuance of LLC Units and Class C Shares to Rollover Holders and Rollover Members under Section 4(a)(2) of the Securities Act. However, the substantive event disclosed in the supplemental press release (EX-99.1) is Tradeweb's entry into a definitive agreement to acquire Trumid Holdings, LLC for approximately $1.97 billion in an all-cash and equity transaction, expected to close in H1 2027. This is a material acquisition that should be classified as ma_activity under Item 1.01, with the equity issuance component disclosed under Item 3.02. The acquisition is the principal material event here.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"Tradeweb Markets Inc.","ticker":"TW","filing_date":"2026-10-19"},{"id":40501,"accession_number":"0001193125-26-425378","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Tradeweb Markets announced entry into a definitive agreement to acquire Trumid Holdings for approximately $1.97 billion in cash and equity. The press release explicitly states the acquisition is \"expected to be accretive to Tradeweb's adjusted earnings per share within the first full year following closing\" and describes substantial strategic rationale including expansion of credit capabilities, new market positioning, and synergies. This is a material acquisition requiring disclosure under Item 1.01 of Form 8-K, disclosed here via Item 7.01 (Regulation FD Disclosure).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T21:18:43.198306+00:00","company_name":"Tradeweb Markets Inc.","ticker":"TW","filing_date":"2026-10-19"}]}