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Red Violet, Inc. — Director's Dealing 2020
Nov 24, 2020
32492_dirs_2020-11-24_0554ee41-d4bb-4725-84cc-ae747e606ad4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Red Violet, Inc. (RDVT)
CIK: 0001720116
Period of Report: 2020-11-20
Reporting Person: DELL JEFFREY ALAN (Chief Information Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-11-20 | Common Stock | A | 20000 | — | Acquired | 57833 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 16666 | Direct |
| Common Stock | 75000 | Direct |
Footnotes
F1: On November 20, 2020, the reporting person received a grant of 20,000 restricted stock units ("RSUs"), convertible into common stock of the
issuer on a one-for-one basis, which vest in three equal installments on each of November 1, 2021, November 1, 2022, and November 1, 2023,
subject to accelerated vesting under certain conditions.
F2: Represents the third tranche of the performance- and time-based grant originally approved by the Company's Compensation Committee on
July 1, 2018, which shall vest on July 1, 2021, subject to accelerated vesting under certain conditions.
F3: Represents a performance grant on August 28, 2019 of RSUs (the "2019 Performance Grant), subject to accelerated vesting under certain conditions. The 2019 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 $12.5 million for such fiscal quarter, (ii) positive adjusted EBITDA of at least $2.0 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 "2019 Performance Criteria"). If the 2019 Performance Criteria are met, the RSUs vest one-third annually on each of September 1, 2020, September 1, 2021, and September 1, 2022.