Red Violet, Inc. — Director's Dealing 2021

Jan 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Red Violet, Inc. (RDVT)
CIK: 0001720116
Period of Report: 2021-01-07

Reporting Person: Brauser Michael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-07	Common Stock	S	136000	$25.50	Disposed	1258544	Direct
2021-01-07	Common Stock	S	119	$26.0870	Disposed	1258425	Direct
2021-01-07	Common Stock	S	35200	$25.50	Disposed	147951	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	166667	Direct
Common Stock	556250	Indirect
Common Stock	5084	Indirect
Common Stock	2417	Indirect

Footnotes

F1: Includes 333,333 shares of the 500,000 Performance Grant, which have already vested.

F2: Shares held by Birchtree Capital, LLC, of which Mr. Brauser is the manager.

F3: The Performance Grant shall not vest unless and until the Company has, for any fiscal quarter through September 30, 2021 (i) gross revenue determined in accordance with the
Company's reviewed or audited financial statements in excess of $7.0 million for such fiscal quarter, (ii) positive adjusted EBITDA, 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, the RSUs vest one-third annually on each of July 1, 2019,
July 1, 2020 and July 1, 2021 ("Time-Based Vesting Requirement").

F4: In the event of a change of control, all RSUs which have not vested on the date of such change of control shall
immediately vest even if the Time-Based Vesting Requirement has not been met. 333,333 shares of the Performance Grant have already vested. Following the achievement of the
Performance Criteria, the remaining 166,667 RSUs will vest on July 1, 2021, subject to accelerated vesting under certain conditions

F5: Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which Mr. Brauser is trustee.

F6: Shares held by BSIG, LLC, of which Mr. Brauser is a member. Mr. Brauser disclaims beneficial ownership of these shares except to the extent of any pecuniary ownership he may have.

F7: Shares held by Betsy and Michael Brauser Charitable Family Foundation, Inc. of which Mr. Brauser is a director.