Red Violet, Inc. — Director's Dealing 2020

Jul 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Red Violet, Inc. (RDVT)
CIK: 0001720116
Period of Report: 2020-07-14

Reporting Person: DELL JEFFREY ALAN (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-14	Common Stock	A	16667	—	Acquired	41861	Direct
2020-07-14	Common Stock	F	4028	$15.03	Disposed	37833	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16666	Direct
Common Stock	75000	Direct

Footnotes

F1: Represents the vesting of 16,667 shares of the performance grant originally approved by the Company's Compensation Committee on July 1, 2018 (the "2018 Performance Grant").

F2: Represents the disposition to issuer for tax obligations upon the vesting of RSUs.

F3: Represents the third tranche of the 2018 Performance Grant which shall vest on July 1, 2021, subject to accelerated vesting under certain conditions.

F4: 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.