Form 4: Red Violet CEO Derek Dubner Sells Shares
SEC Form 4
Red Violet's CEO, Derek Dubner, sold a portion of his holdings in the company's common stock on May 9, 2025.
Summary
- On May 9, 2025, Derek Dubner, CEO of Red Violet, Inc., sold 5,736 shares of common stock at an average price of $46.70 and 4,264 shares at an average price of $45.55.
- Following these transactions, Dubner directly owns 580,379 shares of Red Violet, Inc.
- This includes restricted stock units (RSUs) that are convertible into common stock, vesting at various dates in the future.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a routine Form 4 filing indicating stock sales by the CEO. Without additional context, it's neither particularly positive nor negative.
Risks
- Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor confidence.
Industry Context
Insider sales are a common occurrence, and investors often look at the overall trend of insider transactions to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 10/12/2022 | Original grant date of 13,333 Restricted Stock Units (RSUs). |
| 11/30/2023 | Original grant date of 26,666 Restricted Stock Units (RSUs). |
| 11/04/2024 | Original grant date of 31,500 Restricted Stock Units (RSUs). |
| 05/09/2025 | Date of stock sale transactions by Derek Dubner. |
| 11/01/2025 | Vesting date for a portion of the RSUs. |
| 12/01/2025 | Vesting date for a portion of the RSUs. |
| 11/01/2026 | Vesting date for a portion of the RSUs. |
| 12/01/2026 | Vesting date for a portion of the RSUs. |
| 11/01/2027 | Vesting date for a portion of the RSUs. |
Keywords
Red Violet, RDVT, Derek Dubner, stock sale, Form 4, CEO, insider trading, RSU
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