Form 4: Red Violet Inc. President James Patrick Reilly Sells Shares
SEC Form 4
James Patrick Reilly, President of Red Violet, Inc., sold a portion of his holdings in common stock on May 9, 2025.
Summary
- On May 9, 2025, James Patrick Reilly, President of Red Violet, Inc., sold 5,736 shares of common stock at a weighted average price of $46.70.
- He also sold 4,264 shares of common stock at a weighted average price of $45.55.
- Following these transactions, Reilly directly owns 255,457 shares of Red Violet, Inc.
- This total includes 13,333 Restricted Stock Units (RSUs) vesting on November 1, 2025, 26,666 RSUs vesting in two equal installments on December 1, 2025, and December 1, 2026, and 31,500 RSUs vesting in three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by a company insider, which is neither inherently positive nor negative.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency when company insiders trade their company's stock.
Stakeholder Impact
- The sale of shares by a company president could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| October 12, 2022 | Date of original grant of 13,333 Restricted Stock Units (RSUs). |
| November 30, 2023 | Date of original grant of 26,666 RSUs. |
| November 4, 2024 | Date of original grant of 31,500 RSUs. |
| May 09, 2025 | Date of stock sale transactions. |
| November 1, 2025 | Vesting date for 13,333 RSUs and first tranche of 31,500 RSUs. |
| December 1, 2025 | Vesting date for first installment of 26,666 RSUs. |
| November 1, 2026 | Vesting date for second tranche of 31,500 RSUs. |
| December 1, 2026 | Vesting date for second installment of 26,666 RSUs. |
| November 1, 2027 | Vesting date for final tranche of 31,500 RSUs. |
Keywords
Red Violet, Inc., RDVT, James Patrick Reilly, stock sale, Form 4, insider trading, restricted stock units, RSUs
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