Red Violet (RDVT) CFO sells 12,000 shares, retains over 358,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Red Violet, Inc. Chief Financial Officer Daniel MacLachlan reported open-market sales of a total of 12,000 shares of common stock on June 1, 2026, executed in two 6,000-share blocks. One block had a weighted average price of $57.62 per share and the other $57.24, each across multiple trades within disclosed price ranges.
After these transactions, MacLachlan holds 358,902 shares directly and 466 shares indirectly through an IRA. His position also includes time-vested restricted stock units of 13,333, 21,000, and 18,520 shares scheduled to vest between December 2026 and December 2028, subject to accelerated vesting in certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,000 shares ($689,160)
Net Sell
3 txns
Insider
MacLachlan Daniel
Role
Chief Financial Officer
Sold
12,000 shs ($689K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,000 | $57.62 | $346K |
| Sale | Common Stock | 6,000 | $57.24 | $343K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 364,902 shares (Direct, null);
Common Stock — 466 shares (Indirect, Held by IRA)
Footnotes (1)
- The shares were sold in multiple transactions at prices ranging from $57.45 to $58.07, inclusive, with a weighted average price per share of $57.62. The reporting person undertakes to provide Red Violet, Inc., any security holder of Red Violet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in this footnote. Includes 13,333 restricted stock units (RSUs) originally granted on November 30, 2023, convertible into common stock of the issuer on a one-for-one basis, which vests on December 1, 2026, subject to accelerated vesting under certain circumstances. Includes 21,000 RSUs originally granted on November 4, 2024, convertible into common stock of the issuer on a one-for-one basis, which vests in two equal installments on each of November 1, 2026 and November 1, 2027, subject to accelerated vesting under certain circumstances. Includes 18,520 RSUs originally granted December 19, 2025 convertible into common stock of the issuer on a one-for-one basis, which vests in three equal installments on each of December 1, 2026, December 1, 2027, and December 1, 2028, subject to accelerated vesting under certain circumstances. The shares were sold in multiple transactions at prices ranging from $57.00 to $57.78, inclusive, with a weighted average price per share of $57.24. The reporting person undertakes to provide Red Violet, Inc., any security holder of Red Violet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in this footnote.
Key Figures
Total shares sold: 12,000 shares
First block sold: 6,000 shares at $57.62
Second block sold: 6,000 shares at $57.24
+5 more
8 metrics
Total shares sold
12,000 shares
Open-market sales on June 1, 2026
First block sold
6,000 shares at $57.62
Weighted average price; trades ranged $57.45–$58.07
Second block sold
6,000 shares at $57.24
Weighted average price; trades ranged $57.00–$57.78
Direct holdings after sale
358,902 shares
CFO direct ownership following June 1, 2026 transactions
Indirect IRA holdings
466 shares
Indirect ownership held by IRA
2023 RSU grant
13,333 RSUs
Granted Nov 30, 2023; vests Dec 1, 2026
2024 RSU grant
21,000 RSUs
Granted Nov 4, 2024; vests Nov 1, 2026 and Nov 1, 2027
2025 RSU grant
18,520 RSUs
Granted Dec 19, 2025; vests Dec 1, 2026–2028
Key Terms
restricted stock units (RSUs), weighted average price per share, IRA, open-market sale, +1 more
5 terms
restricted stock units (RSUs) financial
"Includes 13,333 restricted stock units (RSUs) originally granted on November 30, 2023, convertible into common stock..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
IRA financial
"total_shares_following_transaction: "466.0000" ... nature_of_ownership: "Held by IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
open-market sale financial
"transaction_action: "open-market sale" ... transaction_code_description: "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
accelerated vesting financial
"which vests on December 1, 2026, subject to accelerated vesting under certain circumstances."
FAQ
What insider transaction did Red Violet (RDVT) report for its CFO?
Red Violet CFO Daniel MacLachlan reported selling 12,000 shares of common stock on June 1, 2026. The sales were executed in two 6,000-share blocks as open-market transactions at weighted average prices of $57.62 and $57.24 per share.
What restricted stock units (RSUs) does the Red Violet (RDVT) CFO have?
The CFO holds RSUs for 13,333 shares granted November 30, 2023, vesting December 1, 2026; 21,000 shares granted November 4, 2024, vesting in 2026 and 2027; and 18,520 shares granted December 19, 2025, vesting from 2026 through 2028.
Does the Red Violet (RDVT) Form 4 mention how trades were structured?
Yes. Footnotes state each 6,000-share sale occurred through multiple transactions within specified price ranges. A weighted average price per share is provided, and the CFO offers to supply detailed trade-by-trade pricing information upon request.