Form 4: Red Violet President James Reilly Sells 12,000 Shares
Statement of Changes in Beneficial Ownership
Red Violet, Inc. President James Patrick Reilly reported the sale of 12,000 shares of common stock on June 1, 2026.
Summary
- President James Patrick Reilly sold a total of 12,000 shares of Red Violet, Inc. common stock on June 1, 2026.
- The sales were executed in two batches: 6,000 shares at a weighted average price of $57.62 and 6,000 shares at a weighted average price of $57.24.
- Following these transactions, the reporting person maintains a beneficial ownership of 232,351 shares.
- The reporting person continues to hold various restricted stock units (RSUs) vesting between 2026 and 2028.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as routine insider selling is standard practice and does not necessarily indicate a change in company fundamentals.
Positives
- The executive maintains a significant remaining equity stake of 232,351 shares in the company.
Negatives
- The sale of 12,000 shares by a high-ranking executive may be perceived by some investors as a lack of confidence in near-term price appreciation.
Risks
- Future vesting of RSUs is subject to continued employment and potential accelerated vesting conditions.
Future Outlook
No specific forward-looking guidance regarding company operations was provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales are common and often related to personal financial planning or tax obligations rather than a reflection of company performance.
Comparison to Industry Standards
- Insider selling is a standard practice for executives to diversify personal portfolios.
- The volume sold represents a small fraction of the executive's total holdings, which is consistent with typical executive compensation and liquidity management.
Stakeholder Impact
- Shareholders should note the change in insider ownership, though the impact is likely minimal given the size of the sale relative to total holdings.
Next Steps
- Monitor future Form 4 filings for additional insider activity.
- Track upcoming RSU vesting dates in late 2026 and beyond.
Key Dates
| Date | Description |
|---|---|
| 2023-11-30 | Original grant date of 13,333 RSUs. |
| 2024-11-04 | Original grant date of 21,000 RSUs. |
| 2025-12-19 | Original grant date of 18,520 RSUs. |
| 2026-06-01 | Date of the reported stock sale transactions. |
| 2026-11-01 | Vesting date for a portion of RSUs. |
| 2026-12-01 | Vesting date for multiple RSU tranches. |
| 2027-11-01 | Vesting date for a portion of RSUs. |
| 2027-12-01 | Vesting date for a portion of RSUs. |
| 2028-12-01 | Vesting date for a portion of RSUs. |
Keywords
Red Violet, RDVT, Insider Trading, Form 4, Executive Stock Sale, SEC Filing
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