SCHEDULE 13G/A: Trigran Investments and Principals Disclose 8.7% Stake in Red Violet, Inc.

Trigran Investments, Inc. and its principals have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 8.7% of Red Violet, Inc.'s common stock as of March 31, 2025.

Summary

• Trigran Investments, Inc., an Illinois corporation, along with its controlling shareholders and officers Douglas T. Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson, collectively beneficially own 1,208,845 shares of Red Violet, Inc. common stock.
• This aggregate ownership represents 8.7% of Red Violet, Inc.'s outstanding common stock.
• The reporting persons hold shared voting power over 776,596 shares and shared dispositive power over 1,208,845 shares.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating an update to previously reported ownership.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, except for activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators or forward-looking statements that would influence sentiment.

Positives

• N/A This Schedule 13G filing is a disclosure of beneficial ownership and does not contain information typically categorized as financial or operational positives.

Negatives

• N/A This Schedule 13G filing is a disclosure of beneficial ownership and does not contain information typically categorized as financial or operational negatives.

Risks

• N/A This Schedule 13G filing is a disclosure of beneficial ownership and does not detail specific company risks beyond the standard disclaimer regarding the purpose of the investment.

Future Outlook

N/A This Schedule 13G filing is a disclosure of beneficial ownership and does not provide forward-looking statements or guidance regarding the issuer's operations or financial performance.

Management Comments

• The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.
• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing indicates a significant passive investment by an investment firm and its principals in Red Violet, Inc., a company likely operating in data analytics or information services, given its CUSIP and typical business for companies with such filings. It reflects an investment decision by a specific entity rather than a broader industry trend.

Comparison to Industry Standards

• N/A This Schedule 13G filing is a disclosure of beneficial ownership and does not provide information for industry comparison of operational or financial results. It solely details an investment stake.

Related Party Transactions

• Trigran Investments, Inc. and its controlling shareholders and officers (Douglas T. Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson) are filing jointly, indicating a coordinated ownership group.

Stakeholder Impact

• Shareholders: The disclosure of a significant 8.7% stake by an investment firm provides transparency regarding the company's ownership structure and may influence investor perception of the stock's stability or potential for future engagement by a large shareholder.

Key Dates

Keywords

Red Violet Inc., Trigran Investments, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Disclosure, Shareholder Stake