Red Violet, Inc. SC 13D/A Filing Update

TL;DR

Red Violet (RDVT) SC 13D/A filed Nov 25, 2024. Ownership changes.

AI Summary

On November 25, 2024, Red Violet, Inc. filed an amendment to its Schedule 13D. This filing indicates changes in beneficial ownership for the company's common stock. The filing was made by Derek Dubner and involves Red Violet, Inc., a company focused on prepackaged software.

Why It Matters

This filing provides updated information on significant shareholders' stakes in Red Violet, Inc., which can influence stock price and corporate governance decisions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant shifts in major shareholder positions, which can lead to increased volatility.

Key Numbers

• 1231 — Fiscal Year End (Company financial reporting period)

Key Players & Entities

• Red Violet, Inc. (company) — Subject Company
• Derek Dubner (person) — Filing Person
• Joshua B. Weingard, Esq. (person) — Person Authorized to Receive Notices

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o
• $37 — market to third parties, at a price of $37.25, as reported on the Form 4s filed No

Filing Documents

• ea022256202-13da1derek_red.htm (SC 13D/A) — 153KB
• 0001213900-24-102373.txt ( ) — 154KB

IDENTITY AND BACKGROUND

ITEM 2. IDENTITY AND BACKGROUND.

is hereby amended to add the following

Item 2 is hereby amended to add the following: On November 25, 2024, the Reporting Persons mutually agreed that they no longer intended to act together and orally agreed to dissolve and terminate their informal oral agreement to act as a “group” for purposes of Regulation 13D solely with respect to the Common Stock of the Company. In connection with such termination, each of the Reporting Persons acknowledged and agreed that they are no longer members of a “group” within the meaning of Section 13(d)(3) of the Exchange Act. Accordingly, the Reporting Persons no longer may be deemed a “group” within the meaning of Section 13(d)(3) of the Exchange Act.

PURPOSE OF TRANSACTION

ITEM 4. PURPOSE OF TRANSACTION.

is hereby amended to add the following

Item 4 is hereby amended to add the following: As described in Item 2, on November 25, 2024, the Reporting Persons mutually agreed to dissolve and terminate their informal oral agreement to act as a “group” for purposes of Regulation 13D solely with respect to the Common Stock of the Company. In connection with such termination, each of the Reporting Persons acknowledged and agreed that they are no longer members of a “group” within the meaning of Section 13(d)(3) of the Exchange Act. Accordingly, effective as of November 25, 2024, the Reporting Persons no longer may be deemed a “group” within the meaning of Section 13(d)(3) of the Exchange Act and each of Messrs. Dubner, MacLachlan, Reilly and Dell, separately beneficially owns less than 5% of the outstanding Common Stock of the Company and shall cease to be Reporting Persons immediately after the filing of this Amendment No. 1. The Reporting Persons regularly review their investments in the Company and, based upon such review, reserve their rights to take such actions on an individual basis in the future as the Reporting Persons may deem appropriate in light of the circumstances existing from time to time. The Reporting Persons may take such actions with respect to their investments in the Company as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or other financial instruments related to the Company or selling some or all of their beneficial or economic holdings with respect to the securities relating to the Company, and/or changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. 6 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended to add the following: (a) The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover page of this Schedule 13D (including footnotes thereto) is incorporated herein by reference. As of the date of this filing, the Report

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