Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 20, 2024, Robert Swayman, a member of the Board of Directors (the "Board") of Red Violet, Inc. (the "Company") resigned effective April 23, 2024 from the Board and its committees to pursue other business commitments. In connection with Mr. Swayman's resignation from the Board, the Board approved a decrease in the number of directors from six to five directors, effective April 23, 2024. Mr. Swayman's departure from the Board is not due to any disagreement related to the Company's operations, financial statements, internal controls, auditors, policies or practices.

On April 23, 2024, the Board appointed Lisa Stanton to serve as a member of the Board's Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee to replace Mr. Swayman. Ms. Stanton is a current independent member of the Board.