Form 4: Red Violet CFO Daniel MacLachlan Sells Shares
SEC Form 4
Daniel MacLachlan, CFO of Red Violet, Inc., sold shares of common stock on May 9, 2025.
Summary
- On May 9, 2025, Daniel MacLachlan, the Chief Financial Officer of Red Violet, Inc., sold 5,736 shares of common stock at an average price of $46.70.
- He also sold 4,264 shares at an average price of $45.55.
- Following these transactions, MacLachlan directly owns 382,917 shares and indirectly owns 466 shares held by IRA.
- The directly owned shares include restricted stock units (RSUs) that will vest over the next few years.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of insider trading activity. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a key executive could be perceived negatively by some investors, potentially leading to a slight decrease in the stock price.
Key Dates
| Date | Description |
|---|---|
| October 12, 2022 | Original grant date of 13,333 Restricted Stock Units (RSUs). |
| November 30, 2023 | Original grant date of 26,666 RSUs. |
| November 4, 2024 | Original grant date of 31,500 RSUs. |
| May 09, 2025 | Date of the reported transactions (sale of shares). |
| November 1, 2025 | Vesting date for 13,333 RSUs granted on October 12, 2022 and first vesting date for 31,500 RSUs granted on November 4, 2024. |
| December 1, 2025 | First vesting date for 26,666 RSUs granted on November 30, 2023. |
| November 1, 2026 | Second vesting date for 31,500 RSUs granted on November 4, 2024. |
| December 1, 2026 | Second vesting date for 26,666 RSUs granted on November 30, 2023. |
| November 1, 2027 | Third vesting date for 31,500 RSUs granted on November 4, 2024. |
Keywords
Red Violet, Inc., RDVT, Daniel MacLachlan, CFO, Form 4, Share Sale, Insider Trading, Securities Exchange Act
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