Form 4: Red Violet Chief Information Officer Sells 10,000 Shares
SEC Form 4 Filing
Red Violet's Chief Information Officer, Jeffrey Alan Dell, sold 10,000 shares of common stock at $37.25 per share on November 25, 2024.
Summary
- Jeffrey Alan Dell, the Chief Information Officer of Red Violet, Inc., sold 10,000 shares of the company's common stock on November 25, 2024.
- The sale price was $37.25 per share.
- Following the transaction, Mr. Dell beneficially owns 182,203 shares of Red Violet common stock.
- This includes restricted stock units (RSUs) that are convertible into common stock on a one-for-one basis, with various vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider stock sale. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders who trade their company's stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The sale of 10,000 shares by a Chief Information Officer is not unusual, and the impact on the stock price is typically minimal unless there are other significant factors at play.
- Comparable companies would also have similar filings when their executives trade shares.
Stakeholder Impact
- The sale of shares by a company officer may be of interest to shareholders, 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 10,000 Restricted Stock Units (RSUs) that vest on November 1, 2025. |
| 11/30/2023 | Date of original grant of 30,000 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 23,625 RSUs that vest in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027. |
| 11/25/2024 | Date of the reported sale of 10,000 shares by Jeffrey Alan Dell. |
| 12/01/2024 | First vesting date for 10,000 of the 30,000 RSUs granted on November 30, 2023. |
| 11/01/2025 | Vesting date for 10,000 RSUs granted on October 12, 2022 and first vesting date for 7,875 of the 23,625 RSUs granted on November 4, 2024. |
| 12/01/2025 | Second vesting date for 10,000 of the 30,000 RSUs granted on November 30, 2023. |
| 11/01/2026 | Second vesting date for 7,875 of the 23,625 RSUs granted on November 4, 2024. |
| 12/01/2026 | Third vesting date for 10,000 of the 30,000 RSUs granted on November 30, 2023. |
| 11/01/2027 | Third vesting date for 7,875 of the 23,625 RSUs granted on November 4, 2024. |
Keywords
Red Violet, RDVT, insider trading, stock sale, Jeffrey Alan Dell, Chief Information Officer, restricted stock units, RSU, beneficial ownership
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