Red Violet, Inc. — Director's Dealing 2019

Sep 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Red Violet, Inc. (RDVT)
CIK: 0001720116
Period of Report: 2019-08-28

Reporting Person: Wang Jinbo (Chief Accounting Officer, Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-28	Common Stock	A	20000	—	Acquired	20000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26658	Direct
Common Stock	23333	Direct

Footnotes

F1: On August 28, 2019, a performance grant of Restricted Stock Units (RSUs), which is convertible into common stock of the issuer on a one-for-one basis, was granted to the reporting person (the "Performance Grant"), subject to accelerated vesting under certain conditions.

F2: The Performance Grant shall not vest unless and until the Company has, for any fiscal quarter through September 30, 2022 (i) gross revenue determined in accordance with the Company's reviewed or audited financial statements in excess of $10.0 million for such fiscal quarter, (ii) positive adjusted EBITDA of at least $1.5 million, as determined based on the Company's reviewed or audited financial statements for such fiscal quarter, and (iii) the participant continues to provide services to the Company either as an employee, director or consultant on the last date of the quarter that the performance criteria is met (collectively, the "Performance Criteria"). If the Performance Criteria are met, 15% of the RSUs vest on September 1, 2020, an additional 35% of RSUs vest on September 1, 2021 and the remaining 50% of the RSUs vest on September 1, 2022.

F3: Represents RSUs, originally granted on July 1, 2018, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest 50% on July 1, 2020 and July 1, 2021, subject to accelerated vesting under certain conditions.