Form 4: Red Violet CFO Daniel MacLachlan Reports Charitable Share Donation and Equity Holdings

Red Violet's Chief Financial Officer, Daniel MacLachlan, disclosed a charitable gift of 375 shares of common stock and detailed his current beneficial ownership, including significant Restricted Stock Units.

Summary

• Daniel MacLachlan, Chief Financial Officer of Red Violet, Inc. (RDVT), reported a transaction involving the company's common stock.
• On June 30, 2025, MacLachlan made a gift/charitable donation of 375 shares of common stock to a qualified religious and educational organization.
• This transaction was not a market sale, and no value was received for the gifted shares.
• Following this transaction, Daniel MacLachlan directly beneficially owns 382,542 shares of common stock.
• Additionally, MacLachlan indirectly beneficially owns 466 shares of common stock held by an IRA.
• The reported beneficial ownership includes 13,333 Restricted Stock Units (RSUs) granted on October 12, 2022, which vest on November 1, 2025.
• It also includes 26,666 RSUs granted on November 30, 2023, vesting in two equal installments on December 1, 2025, and December 1, 2026.
• Furthermore, 31,500 RSUs granted on November 4, 2024, are included, vesting in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027.
• All RSUs are convertible into common stock on a one-for-one basis and are subject to accelerated vesting under certain conditions.

Sentiment

Score: 5

Explanation: The filing is a standard insider transaction disclosure (Form 4) detailing a charitable gift of shares and current equity holdings, which is neutral in terms of company performance or outlook.

Positives

• The charitable donation reflects philanthropic activity by a key executive.
• The significant holdings of common stock and RSUs by the CFO indicate continued alignment of management's interests with shareholders.

Negatives

• A small reduction in direct beneficial ownership due to the charitable gift, though not material to overall holdings.

Future Outlook

The document primarily details past and current equity holdings and a specific transaction. It provides future vesting schedules for Restricted Stock Units, indicating future additions to the CFO's common stock holdings upon vesting, subject to continued employment and other conditions.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for insiders reporting changes in their beneficial ownership of company securities. It provides transparency into executive stock transactions, which is a standard practice across all publicly traded industries.

Stakeholder Impact

• Shareholders: Provides transparency regarding the equity holdings and transactions of a key executive, reinforcing corporate governance and alignment of interests.
• Employees: No direct impact mentioned, but the RSU vesting schedules are relevant to the CFO's compensation structure.

Next Steps

• Vesting of 13,333 RSUs on November 1, 2025.
• Vesting of the first installment of 26,666 RSUs on December 1, 2025.
• Vesting of the first installment of 31,500 RSUs on November 1, 2025.
• Vesting of the second installment of 26,666 RSUs on December 1, 2026.
• Vesting of the second installment of 31,500 RSUs on November 1, 2026.
• Vesting of the third installment of 31,500 RSUs on November 1, 2027.

Key Dates

Keywords

Red Violet, RDVT, SEC Form 4, Insider Transaction, Daniel MacLachlan, Chief Financial Officer, Common Stock, Restricted Stock Units, Beneficial Ownership, Charitable Donation