X0306 4 2019-08-01 0 0001720116 Red Violet, Inc. RDVT 0001107448 BENZ PETER C/O RED VIOLET, INC. 2650 N. MILITARY TRAIL, SUITE 300 BOCA RATON FL 33431 1 0 0 0 Common Stock 2019-08-01 4 A 0 25000 A 25000 D Common Stock 2019-08-01 4 A 0 8334 A 33000 D Common Stock 20928 I See Footnote Common Stock 8000 D A performance grant of Restricted Stock Units (RSUs), which is convertible into common stock of the issuer on a one-for-one basis, was originally approved by the Company's Compensation Committee on September 5, 2018 (the "Performance Grant"), subject to the Performance Criteria described below, and reported on the Company's Form 8-K on September 10, 2018 and described in the Company's definitive proxy statement filed on April 16, 2019. 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. Represents the vesting of 8,334 shares of the Performance Grant. Following achievement of the Performance Criteria, the remaining 16,666 RSUs vest in two equal installments on July 1, 2020 and 2021, subject to accelerated vesting under certain conditions. Shares held in Reporting Person's 401(k) account. Represents RSUs convertible into common stock of the issuer on a one-for-one basis originally granted on March 29, 2018. The RSUs vest in two equal installments on March 29, 2020 and 2021, subject to accelerated vesting under certain conditions. /s/ Peter Benz 2019-08-05