4//SEC Filing
Brauser Michael 4
Accession 0001415889-21-000337
CIK 0001720116other
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 4:30 PM ET
Size
11.8 KB
Accession
0001415889-21-000337
Insider Transaction Report
Form 4
Red Violet, Inc.RDVT
Brauser Michael
10% Owner
Transactions
- Sale
Common Stock
2021-01-15$24.00/sh−27,000$648,000→ 529,250 total(indirect: See footnote) - Sale
Common Stock
2021-01-14$24.50/sh−240,000$5,880,000→ 1,018,425 total - Sale
Common Stock
2021-01-15$24.00/sh−40,000$960,000→ 107,951 total(indirect: See footnote)
Holdings
- 166,667
Common Stock
- 2,417(indirect: See footnote)
Common Stock
- 5,084(indirect: See footnote)
Common Stock
Footnotes (7)
- [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]Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which Mr. Brauser is trustee.
- [F4]. 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").
- [F5]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.
- [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.
Documents
Issuer
Red Violet, Inc.
CIK 0001720116
Entity typeother
Related Parties
1- filerCIK 0001336508
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 4:30 PM ET
- Size
- 11.8 KB