Reilly James Patrick sold $346K of RDVT
Reilly James Patrick (President) sold 6,000 shares of Red Violet, Inc. (RDVT) at $57.62 ($0.35M total) on 2026-06-01.
How this was made
The 30-second read
Why it matters
This provides a fresh, dated insider selling datapoint, but it is not accompanied by any operational or financial update.
Market read
Traders may monitor for follow-on insider activity, but the disclosure alone is unlikely to reset valuation expectations.
What to watch
The article does not confirm whether the sale was part of a broader pattern, nor does it provide context like option exercises, prior/next planned trades, or changes in total insider holdings beyond the post-transaction figure.
Background
The article is an SEC Form 4 insider transaction disclosure for Red Violet, Inc.
Ticker impact
Red Violet president sold 6,000 shares in an open-market transaction on 2026-06-01, disclosed via SEC Form 4.
Low likelihood of a sustained move; any reaction is likely short-lived unless followed by additional insider activity or fundamental news.
The filing provides a single sale datapoint with no stated reason, and insider sales often occur for diversification/tax; without accompanying guidance or operational catalysts, impact is typically limited.
Market effects
Minimal; this is company-specific insider activity with no sector-wide catalyst.
None indicated.
None indicated.
Counterpoint
A sale can be routine (taxes, diversification) and does not necessarily reflect deteriorating business prospects.
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 on 2026-06-01.