Derek Dubner - Nov 28, 2023 Form 4 Insider Report for Red Violet, Inc. (RDVT)

Role
CEO, Director, Chairman of Board
Signature
/s/ Derek Dubner
Stock symbol
RDVT
Transactions as of
Nov 28, 2023
Transactions value $
-$200,605
Form type
4
Date filed
11/30/2023, 06:35 PM
Previous filing
Oct 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDVT Common Stock Award +23.3K +4.37% 558K Nov 28, 2023 Direct F1, F2, F3
transaction RDVT Common Stock Tax liability -$201K -9.88K -1.77% $20.30 548K Nov 28, 2023 Direct F2, F3, F4
transaction RDVT Common Stock Award +40K +7.3% 588K Nov 30, 2023 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the third vesting of 10,000 restricted stock units (RSUs) of the grant originally approved by the Company's Compensation Committee on November 20, 2020 and the first vesting of 13,334 RSUs of the grant originally approved by the Company's Compensation Committee on October 12, 2022.
F2 Includes 10,833 RSUs originally granted on September 24, 2021, convertible into common stock of the issuer on a one-for-one basis, which vests on October 1, 2024, subject to accelerated vesting under certain conditions.
F3 Includes 26,666 RSUs originally granted on October 12, 2022, convertible into common stock of the issuer on a one-for-one basis, which vest in two equal installments on each of November 1, 2024 and November 1, 2025, subject to accelerated vesting under certain conditions.
F4 Represents the disposition to issuer for tax obligations upon the vesting of RSUs.
F5 On November 30, 2023, the reporting person received a grant of 40,000 RSUs convertible into common stock of the issuer on a one-for-one basis, which vest in three equal installments on each of December 1, 2024, December 1, 2025 and December 1, 2026, subject to accelerated vesting under certain circumstances.