Reilly James Patrick 4

What Happened
Reilly James Patrick, President of Red Violet, Inc. (RDVT), sold a total of 12,000 shares in open-market transactions on June 1, 2026. The filing shows two lots of 6,000 shares: one at $57.62 per share (proceeds $345,720) and one at $57.24 per share (proceeds $343,440), for combined gross proceeds of approximately $689,160. These were sales (code S), not purchases or option exercises.

Key Details

• Transaction date: 2026-06-01 (open market/private sale; sale code S).
• Reported lots: 6,000 shares @ $57.62 (total $345,720) and 6,000 shares @ $57.24 (total $343,440).
• Footnote pricing detail: the filing notes multiple transactions with price ranges of $57.40–$58.07 (weighted avg $57.62) and $57.00–$57.51 (weighted avg $57.24); the filer will provide a breakdown on request (F1, F5).
• RSUs disclosed: the filing shows the reporting person holds restricted stock units (RSUs) totaling 52,853 units (13,333 vested/vesting 12/1/2026 per grant 11/30/2023; 21,000 vesting in two installments on 11/1/2026 and 11/1/2027 per grant 11/4/2024; 18,520 vesting in three installments on 12/1/2026, 12/1/2027, 12/1/2028 per grant 12/19/2025) convertible 1-for-1 and subject to possible accelerated vesting (F2–F4).
• Shares owned after transaction: not specified in the provided filing excerpts.
• Timeliness: reported and filed on 2026-06-01 (no late filing indicated).

Context

• These were open-market sales, which are common for insiders for liquidity or diversification and do not by themselves indicate management’s view of company prospects.
• The RSUs noted in footnotes are unvested units (not immediate stock) and have scheduled vesting dates; accelerated vesting is possible under certain circumstances.