Form 4: Red Violet CEO Derek Dubner Sells 10,000 Shares
SEC Form 4 Filing
Red Violet's CEO, Derek Dubner, sold 10,000 shares of common stock at $37.25 per share on November 25, 2024.
Summary
- Derek Dubner, CEO of Red Violet, Inc., sold 10,000 shares of common stock on November 25, 2024.
- The sale price was $37.25 per share.
- Following the transaction, Mr. Dubner beneficially owns 597,046 shares of Red Violet common stock.
- This includes shares issuable upon the vesting of restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider stock sale, which is a common occurrence. There is no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- Executive stock sales are a common occurrence and are not necessarily indicative of company performance or future prospects.
Stakeholder Impact
- The sale of shares by the CEO may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 10/12/2022 | Date of original grant of 13,333 Restricted Stock Units (RSUs) that vest on November 1, 2025. |
| 11/30/2023 | Date of original grant of 40,000 RSUs that vest in three equal installments on December 1, 2024, December 1, 2025, and December 1, 2026. |
| 11/04/2024 | Date of original grant of 31,500 RSUs that vest in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027. |
| 11/25/2024 | Date of the stock sale transaction by Derek Dubner. |
| 12/01/2024 | First vesting date for 1/3 of the 40,000 RSUs granted on November 30, 2023. |
| 11/01/2025 | Vesting date for 13,333 RSUs granted on October 12, 2022 and first vesting date for 1/3 of the 31,500 RSUs granted on November 4, 2024. |
| 12/01/2025 | Second vesting date for 1/3 of the 40,000 RSUs granted on November 30, 2023. |
| 11/01/2026 | Second vesting date for 1/3 of the 31,500 RSUs granted on November 4, 2024. |
| 12/01/2026 | Final vesting date for 1/3 of the 40,000 RSUs granted on November 30, 2023. |
| 11/01/2027 | Final vesting date for 1/3 of the 31,500 RSUs granted on November 4, 2024. |
Keywords
Red Violet, RDVT, Derek Dubner, stock sale, insider trading, Form 4, CEO, restricted stock units, RSU
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