Form 4: Red Violet CIO Jeffrey Dell Sells 10,000 Shares
Statement of Changes in Beneficial Ownership
Chief Information Officer Jeffrey Dell sold 10,000 shares of Red Violet, Inc. common stock on June 1, 2026.
Summary
- Jeffrey Dell, Chief Information Officer of Red Violet, Inc., executed the sale of 10,000 shares of common stock.
- The transactions occurred on June 1, 2026, in two separate blocks of 5,000 shares each.
- The first block was sold at a weighted average price of $57.62 per share.
- The second block was sold at a weighted average price of $57.25 per share.
- Following these transactions, the reporting person retains beneficial ownership of 155,889 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale appears to be a routine divestment by an executive rather than a signal of operational distress.
Positives
- The reporting person maintains a significant remaining equity stake of 155,889 shares in the company.
Negatives
- Insider selling activity can sometimes be perceived by the market as a lack of confidence in near-term price appreciation.
Risks
- Future vesting of restricted stock units (RSUs) is subject to continued employment and potential acceleration clauses.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that insider selling by C-suite executives is a common practice for liquidity or tax planning purposes and does not necessarily reflect a change in the company's fundamental outlook.
Comparison to Industry Standards
- Insider transactions are standard regulatory disclosures for publicly traded companies in the technology and data services sector.
- The volume of shares sold represents a small fraction of the total outstanding shares, which is typical for executive compensation management.
Stakeholder Impact
- Shareholders should monitor future filings for further changes in insider ownership positions.
Next Steps
- Upcoming RSU vesting dates for the reporting person include December 1, 2026, and November 1, 2026.
Key Dates
| Date | Description |
|---|---|
| 2023-11-30 | Original grant date of 10,000 RSUs. |
| 2024-11-04 | Original grant date of 15,750 RSUs. |
| 2025-12-19 | Original grant date of 13,890 RSUs. |
| 2026-06-01 | Transaction date for the sale of 10,000 shares. |
Keywords
Red Violet, RDVT, Insider Trading, Form 4, Chief Information Officer, Equity Sale
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