Reilly James Patrick sold $343K of RDVT
Reilly James Patrick (President) sold 6,000 shares of Red Violet, Inc. (RDVT) at $57.24 ($0.34M total) on 2026-06-01.
How this was made
The 30-second read
Why it matters
The disclosure provides a fresh datapoint on insider behavior but does not include new operating/financial information.
Market read
Traders may briefly reassess sentiment around RDVT based on insider selling, but the event lacks fundamental substance.
What to watch
The filing does not state a 10b5-1 plan; traders may want to compare with prior insider transactions and whether other insiders sold/bought around the same period.
Background
The article is an SEC Form 4 insider transaction disclosure for Red Violet, Inc. (RDVT).
Ticker impact
Red Violet president Reilly James Patrick sold 6,000 shares in an open-market transaction disclosed via SEC Form 4 on 2026-06-01.
Likely limited/short-lived impact; watch for follow-on insider activity or unusual volume.
This is a routine Form 4 open-market sale with no 10b5-1 plan stated; the disclosed size ($343k) is unlikely to drive fundamentals absent additional context.
Market effects
No clear sector read-through from a single insider open-market sale.
None indicated.
None indicated.
Counterpoint
A single open-market sale can be planned for diversification or liquidity needs; without evidence of distress, price impact may be negligible.
Key entities
- issuerRed Violet, Inc.
Subject of the SEC Form 4 insider sale by its president.
- insiderReilly James Patrick
President who sold 6,000 shares of RDVT for ~$343.4k.