0001415889-21-000284.txt : 20210111 0001415889-21-000284.hdr.sgml : 20210111 20210111165247 ACCESSION NUMBER: 0001415889-21-000284 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210107 FILED AS OF DATE: 20210111 DATE AS OF CHANGE: 20210111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brauser Michael CENTRAL INDEX KEY: 0001336508 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38407 FILM NUMBER: 21521368 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BLVD. STREET 2: SUITE 850 CITY: MIAMI STATE: FL ZIP: 33137 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Red Violet, Inc. CENTRAL INDEX KEY: 0001720116 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 822408531 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2650 NORTH MILITARY TRAIL STREET 2: SUITE 300 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5617574000 MAIL ADDRESS: STREET 1: 2650 NORTH MILITARY TRAIL STREET 2: SUITE 300 CITY: BOCA RATON STATE: FL ZIP: 33431 4 1 form4-01112021_010136.xml X0306 4 2021-01-07 0001720116 Red Violet, Inc. RDVT 0001336508 Brauser Michael 2650 N. MILITARY TRAIL, SUITE 300 BOCA RATON FL 33431 false false true false Common Stock 2021-01-07 4 S 0 136000 25.50 D 1258544 D Common Stock 2021-01-07 4 S 0 119 26.0870 D 1258425 D Common Stock 2021-01-07 4 S 0 35200 25.50 D 147951 I See footnote Common Stock 166667 D Common Stock 556250 I See footnote Common Stock 5084 I See footnote Common Stock 2417 I See footnote Includes 333,333 shares of the 500,000 Performance Grant, which have already vested. Shares held by Birchtree Capital, LLC, of which Mr. Brauser is the manager. 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"). 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 Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which Mr. Brauser is trustee. 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. Shares held by Betsy and Michael Brauser Charitable Family Foundation, Inc. of which Mr. Brauser is a director. /s/ Michael Brauser 2021-01-11