Red Violet President Sells $689K in Open Market Shares
RDVT sits 78% above its 52-week low of $33.4 on elevated volume (2.9× avg).
Summary
Red Violet's President, James Patrick Reilly, sold 12,000 shares of common stock for a total of $689,160 in open market transactions, following a recent disclosure of executive selling plans.
Key Events · Ownership and Investor Activity · RDVT
-
President Sells Shares
James Patrick Reilly, President of Red Violet, sold 12,000 shares of common stock on the open market.
-
Significant Transaction Value
The total value of the open market sales amounted to $689,160.
-
Execution of Stated Intent
This sale follows a concurrent SCHEDULE 13D filing where the President, CEO, CFO, and CIO formed a group and indicated plans to sell shares, making this an initial execution of that intent.
-
Not a Pre-Planned Sale
The transaction was an open market sale (Code S) and not executed under a 10b5-1 trading plan, suggesting a discretionary decision.
Analysis · RDVT · Technology
This Form 4 filing reports a significant open market sale by James Patrick Reilly, Red Violet's President, totaling $689,160. This transaction is particularly notable as it follows a concurrent SCHEDULE 13D filing where the President, along with other top executives (CEO, CFO, CIO), formed a group and disclosed plans to sell shares. This sale represents an initial execution of that stated intent, potentially signaling a collective reduction in insider exposure.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 30% of the 1759 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RDVT was trading at $59.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $836.7M. The 52-week trading range was $33.40 to $64.14. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.