Home > Insider Trading > Filing (0001415889-21-000284)

Filing Details

Accession Number:: 0001415889-21-000284
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-11 16:52:47
Reporting Period:: 2021-01-07

Accepted Time:: 2021-01-11 16:52:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1720116	Red Violet Inc.	RDVT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1336508	Michael Brauser	2650 N. Military Trail, Suite 300 Boca Raton FL 33431		No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-01-07	136,000	$25.50	1,258,544	No	4	S	Direct
Common Stock	Disposition	2021-01-07	119	$26.09	1,258,425	No	4	S	Direct
Common Stock	Disposition	2021-01-07	35,200	$25.50	147,951	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	166,667	Direct
Common Stock	556,250	Indirect	See footnote
Common Stock	5,084	Indirect	See footnote
Common Stock	2,417	Indirect	See footnote

Footnotes

Includes 333,333 shares of the 500,000 Performance Grant, which have already vested.
Shares held by Birchtree Capital, LLC, of which Mr. Brauser is the manager.
The Performance Grant shall not vest unless and until the Company has, for any fiscal quarter through September 30, 2021 (i) gross revenue determined in accordance with the Company's reviewed or audited financial statements in excess of $7.0 million for such fiscal quarter, (ii) positive adjusted EBITDA, as determined based on the Company's reviewed or audited financial statements for such fiscal quarter, and (iii) the participant continues to provide services to the Company either as an employee, director or consultant on the last date of the quarter that the performance criteria is met (collectively, the "Performance Criteria"). If the Performance Criteria are met, the RSUs vest one-third annually on each of July 1, 2019, July 1, 2020 and July 1, 2021 ("Time-Based Vesting Requirement").
In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the Time-Based Vesting Requirement has not been met. 333,333 shares of the Performance Grant have already vested. Following the achievement of the Performance Criteria, the remaining 166,667 RSUs will vest on July 1, 2021, subject to accelerated vesting under certain conditions
Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which Mr. Brauser is trustee.
Shares held by BSIG, LLC, of which Mr. Brauser is a member. Mr. Brauser disclaims beneficial ownership of these shares except to the extent of any pecuniary ownership he may have.
Shares held by Betsy and Michael Brauser Charitable Family Foundation, Inc. of which Mr. Brauser is a director.