Document:

EX-10.1

 Exhibit 10.1 

FORM OF 
 RED VIOLET,
INC. 2018 STOCK INCENTIVE PLAN 
  

	 	1.	ESTABLISHMENT, EFFECTIVE DATE AND TERM 

 Red Violet, Inc., a Delaware corporation, hereby
establishes the Red Violet, Inc. 2018 Stock Incentive Plan. The Effective Date of the Plan shall be the later of: (i) the date the Plan was approved by the Board, and (ii) the date the Plan was approved by stockholders of Red Violet in
accordance with the laws of the State of Delaware. Unless earlier terminated pursuant to Section 14(k) hereof, the Plan shall terminate on the tenth anniversary of the Effective Date. Capitalized terms used herein are defined in Annex A
attached hereto. 
  

	 	2.	PURPOSE 

 The purpose of the Plan is to enable Red Violet to attract, retain, reward and
motivate Eligible Individuals by providing them with an opportunity to acquire or increase a proprietary interest in Red Violet and to incentivize them to expend maximum effort for the growth and success of the Company, so as to strengthen the
mutuality of the interests between the Eligible Individuals and the stockholders of Red Violet. 
  

	 	3.	ELIGIBILITY 

 Awards may be granted under the Plan to any Eligible Individual, as
determined by the Committee from time to time, on the basis of their importance to the business of the Company, pursuant to the terms of the Plan. 
  

	 	4.	ADMINISTRATION 

 (a) Committee. The Plan shall be administered by the
Committee, which shall have the full power and authority to take all actions, and to make all determinations not inconsistent with the specific terms and provisions of the Plan and deemed by the Committee to be necessary or appropriate to the
administration of the Plan, any Award granted or any Award Agreement entered into hereunder. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any Award Agreement in the manner and to the
extent it shall deem expedient to carry the Plan into effect as it may determine in its sole discretion. The decisions by the Committee shall be final, conclusive and binding with respect to the interpretation and administration of the Plan, any
Award or any Award Agreement entered into under the Plan. 
 (b) Delegation to Officers or Employees. The Committee may
designate officers or employees of the Company to assist the Committee in the administration of the Plan. The Committee may delegate authority to officers or employees of the Company to grant Awards and execute Award Agreements or other documents on
behalf of the Committee in connection with the administration of the Plan, subject to whatever limitations or restrictions the Committee may impose and in accordance with applicable law. 

(c) Designation of Advisors. The Committee may designate professional advisors to assist the Committee in the administration of
the Plan. The Committee may employ such legal counsel, consultants, and agents as it may deem desirable for the administration of the Plan and may rely upon any advice and any computation received from any such counsel, consultant, or agent. The
Company shall pay all expenses and costs incurred by the Committee for the engagement of any such counsel, consultant, or agent. 
 (d)
Participants Outside the U.S. In order to conform with the provisions of local laws and regulations of foreign countries that may affect the Awards or the Participants, the Committee shall have the sole discretion to (i) modify
the terms and conditions of the Awards granted under the Plan to Eligible Individuals located outside the United States; (ii) establish subplans with such modifications as may be necessary or advisable under the circumstances present by local
laws and regulations; and (iii) take any action that it deems advisable to comply with or otherwise reflect any necessary governmental regulatory procedures, or to obtain any exemptions or approvals necessary with respect to the Plan or any
subplan established hereunder. 

 (e) Liability and Indemnification. No Covered Individual shall be liable for
any action or determination made in good faith with respect to the Plan, any Award granted hereunder or any Award Agreement entered into hereunder. The Company shall, to the maximum extent permitted by applicable law and the Articles of
Incorporation and Bylaws of Red Violet, indemnify and hold harmless each Covered Individual against any cost or expense (including reasonable attorney fees reasonably acceptable to the Company) or liability (including any amount paid in settlement
of a claim with the approval of the Company), and amounts advanced to such Covered Individual necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the
Plan, any Award granted hereunder or any Award Agreement entered into hereunder. Such indemnification shall be in addition to any rights of indemnification such individuals may have under other agreements, applicable law or under the Articles of
Incorporation or Bylaws of Red Violet. Notwithstanding anything else herein, this indemnification will not apply to the actions or determinations made by a Covered Individual with regard to Awards granted to such Covered Individual under the Plan or
arising out of such Covered Individual’s own fraud or bad faith. 
  

	 	5.	SHARES OF COMMON STOCK SUBJECT TO PLAN 

 (a) Shares Available for Awards.
The Common Stock that may be issued pursuant to Awards granted under the Plan shall be treasury shares or authorized but unissued shares of the Common Stock. The total number of shares of Common Stock that may be issued pursuant to Awards
granted under the Plan shall be [●] shares. 
 (b) Certain Limitations on Specific Types of Awards. The granting of
Awards under this Plan shall be subject to the following limitations: 
 (i) With respect to the shares of Common Stock
issuable pursuant to this Section, a maximum of [●] of such shares may be subject to grants of Incentive Stock Options; 

(ii) With respect to the shares of Common Stock issuable pursuant to this Section, a maximum of [●] such shares may be
issued in connection with Awards, other than Stock Options and Stock Appreciation Rights, that are settled in Common Stock; 

(iii) With respect to the shares of Common Stock issuable pursuant to this Section, a maximum of [●] of such shares may
be subject to grants of Options or Stock Appreciation Rights to any one Eligible Individual during any one fiscal year; 

(iv) With respect to the shares of Common Stock issuable pursuant to this Section, a maximum of [●] of such shares may be
subject to grants of Performance Shares, Restricted Stock, Restricted Stock Units and Awards of Common Stock to any one Eligible Individual during any one fiscal year; and 

(v) The maximum value at Grant Date of grants of Performance Units that may be granted to any one Eligible Individual during
any one fiscal year shall be $[●]. 
 (c) Reduction of Shares Available for Awards. Upon the granting of an Award, the number
of shares of Common Stock available for issuance under this Section for the granting of further Awards shall be reduced as follows: 

(i) In connection with the granting of an Option or Stock Appreciation Right, the number of shares of Common Stock shall be
reduced by the number of shares of Common Stock subject to the Option or Stock Appreciation Right; 
 (ii) In connection with
the granting of an Award that is settled in Common Stock, other than the granting of an Option or Stock Appreciation Right, the number of shares of Common Stock shall be reduced by the number of shares of Common Stock subject to the Award; and 

(iii) Awards settled in cash or property other than Common Stock shall not count against the total number of shares of Common
Stock available to be granted pursuant to the Plan. 

  
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 (d) Cancelled, Forfeited, or Surrendered Awards. Notwithstanding anything to
the contrary in this Plan, if any award under this Plan is cancelled, forfeited or terminated for any reason prior to exercise, delivery or becoming vested in full, the shares of Common Stock that were subject to such Award shall, to the extent
cancelled, forfeited or terminated, immediately become available for future Awards granted under this Plan; provided, however, that any shares of Common Stock subject to an Award that is cancelled, forfeited or terminated in order to pay the
exercise price of a stock option, purchase price or any taxes or tax withholdings on an award shall not be available for future Awards granted under this Plan. 

(e) Recapitalization. If the outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a
different number or kind of shares or other securities by reason of any recapitalization, reclassification, reorganization, stock split, reverse split, combination of shares, exchange of shares, stock dividend or other distribution payable in
capital stock of Red Violet or other increase or decrease in such shares effected without receipt of consideration by Red Violet occurring after the Effective Date, an appropriate and proportionate adjustment shall be made by the Committee to:
(i) the aggregate number and kind of shares of Common Stock available under the Plan (including, but not limited to, the limits of the number of shares of Common Stock described in Section 5(b)), (ii) the calculation of the reduction of
shares of Common Stock available under the Plan, (iii) the number and kind of shares of Common Stock issuable pursuant to outstanding Awards granted under the Plan and/or (iv) the Exercise Price of outstanding Options or Stock Appreciation
Rights granted under the Plan. No fractional shares of Common Stock or units of other securities shall be issued pursuant to any such adjustment under this Section 5(e), and any fractions resulting from any such adjustment shall be eliminated
in each case by rounding downward to the nearest whole share or unit. Any adjustments made under this Section 5(e) with respect to any Incentive Stock Options must be made in accordance with Code Section 424. 

 

	 	6.	OPTIONS 

 (a) Grant of Options. Subject to the terms and conditions of the
Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Options to purchase such number of shares of Common Stock and on such terms and conditions as the Committee shall determine in its sole and absolute
discretion. Each grant of an Option shall satisfy the requirements set forth in this Section. 
 (b) Type of Options. Each
Option granted under the Plan may be designated by the Committee, in its sole discretion, as either (i) an Incentive Stock Option, or (ii) a Non-Qualified Stock Option. Options designated as
Incentive Stock Options that fail to continue to meet the requirements of Code Section 422 shall be re-designated as Non-Qualified Stock Options automatically on
the date of such failure to continue to meet such requirements without further action by the Committee. In the absence of any designation, Options granted under the Plan will be deemed to be Non-Qualified Stock Options. 

(c) Exercise Price. Subject to the limitations set forth in the Plan relating to Incentive Stock Options, the Exercise Price of
an Option shall be fixed by the Committee and stated in the respective Award Agreement, provided that the Exercise Price of the shares of Common Stock subject to such Option may not be less than Fair Market Value of such Common Stock on the Grant
Date, or if greater, the par value of the Common Stock. 
 (d) Limitation on Repricing. Unless such action is approved by Red
Violet’s stockholders in accordance with applicable law: (i) no outstanding Option granted under the Plan may be amended to provide an Exercise Price that is lower than the then-current Exercise Price of such outstanding Option (other than
adjustments to the Exercise Price pursuant to Sections 5(e) and 11); (ii) the Committee may not cancel any outstanding Option and grant in substitution therefore new Awards under the Plan covering the same or a different number of shares of Common
Stock and having an Exercise Price lower than the then-current Exercise Price of the cancelled Option (other than adjustments to the Exercise Price pursuant to Sections 5(e) and 11); and (iii) the Committee may not authorize the repurchase of
an outstanding Option that has an Exercise Price that is higher than the then-current fair market value of the Common Stock (other than adjustments to the Exercise Price pursuant to Sections 5(e) and 11). 

  
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 (e) Limitation on Option Period. Subject to the limitations set forth in the
Plan relating to Incentive Stock Options, Options granted under the Plan and all rights to purchase Common Stock thereunder shall terminate no later than the tenth anniversary of the Grant Date of such Options, or on such earlier date as may be
stated in the Award Agreement relating to such Option. In the case of Options expiring prior to the tenth anniversary of the Grant Date, the Committee may in its discretion, at any time prior to the expiration or termination of said Options, extend
the term of any such Options for such additional period as it may determine, but in no event beyond the tenth anniversary of the Grant Date thereof. 

(f) Limitations on Incentive Stock Options. Notwithstanding any other provisions of the Plan, the following provisions shall
apply with respect to Incentive Stock Options granted pursuant to the Plan. 
 (i) Limitation on Grants. Incentive
Stock Options may only be granted to Section 424 Employees. The aggregate Fair Market Value (determined at the time such Incentive Stock Option is granted) of the shares of Common Stock for which any individual may have Incentive Stock Options
that first become vested and exercisable in any calendar year (under all incentive stock option plans of the Company) shall not exceed $100,000. Options granted to such individual in excess of the $100,000 limitation, and any Options issued
subsequently that first become vested and exercisable in the same calendar year, shall automatically be treated as Non-Qualified Stock Options. 

(ii) Minimum Exercise Price. In no event may the Exercise Price of a share of Common Stock subject an Incentive Stock
Option be less than 100% of the Fair Market Value of such share of Common Stock on the Grant Date. 
 (iii) Ten Percent
Stockholder. Notwithstanding any other provision of the Plan to the contrary, in the case of Incentive Stock Options granted to a Section 424 Employee who, at the time the Option is granted, owns (after application of the rules set forth in
Code Section 424(d)) stock possessing more than ten percent of the total combined voting power of all classes of stock of Red Violet, such Incentive Stock Options (i) must have an Exercise Price per share of Common Stock that is at least
110% of the Fair Market Value as of the Grant Date of a share of Common Stock, and (ii) must not be exercisable after the fifth anniversary of the Grant Date. 

(g) Vesting Schedule and Conditions. No Options may be exercised prior to the satisfaction of the conditions and vesting
schedule provided for in the Plan and in the Award Agreement relating thereto. 
 (h) Exercise. When the conditions to the
exercise of an Option have been satisfied, the Participant may exercise the Option only in accordance with the following provisions. The Participant shall deliver to Red Violet a written notice stating that the Participant is exercising the Option
and specifying the number of shares of Common Stock that are to be purchased pursuant to the Option, and such notice shall be accompanied by payment in full of the Exercise Price of the shares for which the Option is being exercised, by one or more
of the methods provided for in the Plan. An attempt to exercise any Option granted hereunder other than as set forth in the Plan shall be invalid and of no force and effect. 

(i) Payment. Payment of the Exercise Price for the shares of Common Stock purchased pursuant to the exercise of an Option shall be made
by one of the following methods: 
 (i) by cash, certified or cashier’s check, bank draft or money order; 

(ii) through the delivery to Red Violet of shares of Common Stock that have been previously owned by the Participant for the
requisite period necessary to avoid a charge to Red Violet’s earnings for financial reporting purposes; such shares shall be valued, for purposes of determining the extent to which the Exercise Price has been paid thereby, at their Fair Market
Value on the date of exercise; without limiting the foregoing, the Committee may require the Participant to furnish an opinion of counsel acceptable to the Committee to the effect that such delivery would not result in Red Violet incurring any
liability under Section 16(b) of the Exchange Act; or 

  
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 (iii) by any other method that the Committee, in its sole and absolute
discretion and to the extent permitted by applicable law, may permit, including, but not limited to through a “cashless exercise sale and remittance procedure” pursuant to which the Participant shall concurrently provide irrevocable
instructions (1) to a brokerage firm approved by the Committee to effect the immediate sale of the purchased shares and remit to Red Violet, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate
Exercise Price payable for the purchased shares plus all applicable federal, state and local income, employment, excise, foreign and other taxes required to be withheld by the Company by reason of such exercise and (2) to Red Violet to deliver
the certificates for the purchased shares directly to such brokerage firm in order to complete the sale. 
 (j) Termination of
Employment. Unless otherwise provided in an Award Agreement, upon the termination of the employment or other service of a Participant with Company for any reason, all of the Participant’s outstanding Options (whether vested or
unvested) shall be subject to the rules of this paragraph. Upon such termination, the Participant’s unvested Options shall expire. Notwithstanding anything in this Plan to the contrary, the Committee may provide, in its sole and absolute
discretion, that following the termination of employment or other service of a Participant with the Company for any reason (i) any unvested Options held by the Participant shall vest in whole or in part, at any time subsequent to such
termination of employment or other service, and/or (ii) a Participant or the Participant’s estate, devisee or heir at law (whichever is applicable), may exercise an Option, in whole or in part, at any time subsequent to such termination of
employment or other service and prior to the termination of the Option pursuant to its terms that are unrelated to termination of service. Unless otherwise determined by the Committee, temporary absence from employment or other service because of
illness, vacation, approved leaves of absence or military service shall not constitute a termination of employment or other service. 

(i) Termination for Reason Other Than Cause, Disability or Death. If a Participant’s termination of employment or
other service is for any reason other than death, Disability, Cause or a voluntary termination within ninety (90) days after occurrence of an event that would be grounds for termination of employment or other service by the Company for Cause,
any Option held by such Participant may be exercised, to the extent exercisable at termination, by the Participant at any time within a period not to exceed ninety (90) days from the date of such termination, but in no event after the
termination of the Option pursuant to its terms that are unrelated to termination of service. 
 (ii) Disability. If a
Participant’s termination of employment or other service with the Company is by reason of a Disability of such Participant, any Option held by such Participant may be exercised, to the extent exercisable at termination, by the Participant at
any time within a period not to exceed one (1) year after such termination, but in no event after the termination of the Option pursuant to its terms that are unrelated to termination of service; provided, however, that if the Participant dies
within such period, any vested Option held by such Participant upon death shall be exercisable by the Participant’s estate, devisee or heir at law (whichever is applicable) for a period not to exceed one (1) year after the
Participant’s death, but in no event after the termination of the Option pursuant to its terms that are unrelated to termination of service. 

(iii) Death. If a Participant dies while in the employment or other service of the Company, any Option held by such
Participant may be exercised, to the extent exercisable at termination, by the Participant’s estate or the devisee named in the Participant’s valid last will and testament or the Participant’s heir at law who inherits the Option, at
any time within a period not to exceed one (1) year after the date of such Participant’s death, but in no event after the termination of the Option pursuant to its terms that are unrelated to termination of service. 

(iv) Termination for Cause. In the event the termination is for Cause or is a voluntary termination within ninety
(90) days after occurrence of an event that would be grounds for termination of employment or other service by the Company for Cause (without regard to any notice or cure period requirement), any Option held by the Participant at the time of
such termination shall be deemed to have terminated and expired upon the date of such termination. 

  
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	 	7.	STOCK APPRECIATION RIGHTS 

 (a) Grant of Stock Appreciation Rights. Subject
to the terms and conditions of the Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Stock Appreciation Rights, in such amounts and on such terms and conditions as the Committee shall determine in its sole
and absolute discretion. Each grant of a Stock Appreciation Right shall satisfy the requirements as set forth in this Section. 
 (b)
Terms and Conditions of Stock Appreciation Rights. Unless otherwise provided in an Award Agreement, the terms and conditions (including, without limitation, the limitations on the Exercise Price, exercise period, repricing and
termination) of the Stock Appreciation Right shall be substantially identical (to the extent possible taking into account the differences related to the character of the Stock Appreciation Right) to the terms and conditions that would have been
applicable under Section 6 above were the grant of the Stock Appreciation Rights a grant of an Option. 
 (c) Exercise of Stock
Appreciation Rights. Stock Appreciation Rights shall be exercised by a Participant only by written notice delivered to Red Violet, specifying the number of shares of Common Stock with respect to which the Stock Appreciation Right is being
exercised. 
 (d) Payment of Stock Appreciation Right. Unless otherwise provided in an Award Agreement, upon exercise of a
Stock Appreciation Right, the Participant or Participant’s estate, devisee or heir at law (whichever is applicable) shall be entitled to receive payment, in cash, in shares of Common Stock, or in a combination thereof, as determined by the
Committee in its sole and absolute discretion. The amount of such payment shall be determined by multiplying the excess, if any, of the Fair Market Value of a share of Common Stock on the date of exercise over the Fair Market Value of a share of
Common Stock on the Grant Date, by the number of shares of Common Stock with respect to which the Stock Appreciation Rights are then being exercised. Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with
respect to a Stock Appreciation Right by including such limitation in the Award Agreement. 
  

	 	8.	RESTRICTED STOCK AND RESTRICTED STOCK UNITS 

 (a) Grant of Restricted Stock and
Restricted Stock Units. Subject to the terms and conditions of the Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Restricted Stock or Restricted Stock Units, in such amounts and on such terms
and conditions as the Committee shall determine in its sole and absolute discretion. Each grant of Restricted Stock and Restricted Stock Units shall satisfy the requirements as set forth in this Section. 

(b) Restrictions. The Committee shall impose such restrictions on any Restricted Stock or Restricted Stock Unit granted pursuant
to the Plan as it may deem advisable including, without limitation, time-based vesting restrictions or the attainment of Performance Goals. The determination with respect to achievement of Performance Goals shall be made pursuant to Section 9
hereof. 
 (c) Certificates and Certificate Legend. With respect to a grant of Restricted Stock, the Company may issue a
certificate evidencing such Restricted Stock to the Participant or issue and hold such shares of Restricted Stock for the benefit of the Participant until the applicable restrictions expire. The Company may legend the certificate representing
Restricted Stock to give appropriate notice of such restrictions. In addition to any such legends, each certificate representing shares of Restricted Stock granted pursuant to the Plan shall bear the following legend: 

“Shares of stock represented by this certificate are subject to certain terms, conditions, and restrictions on transfer as set forth in
Red Violet, Inc. Stock Incentive Plan (the “Plan”), and in an agreement entered into by and between the registered owner of such shares and Red Violet, Inc. (the “Company”), dated
                , 20     (the “Award Agreement”). A copy of the Plan and the Award Agreement may be obtained from the Secretary of the
Company.” 

  
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 (d) Removal of Restrictions. Except as otherwise provided in the Plan, shares
of Restricted Stock shall become freely transferable by the Participant upon the lapse of the applicable restrictions. Once the shares of Restricted Stock are released from the restrictions, the Participant shall be entitled to have the legend
required by paragraph (c) above removed from the share certificate evidencing such Restricted Stock and the Company shall pay or distribute to the Participant all dividends and distributions held in escrow by the Company with respect to such
Restricted Stock, if any. 
 (e) Stockholder Rights. Unless otherwise provided in an Award Agreement, until the expiration of
all applicable restrictions, (i) the Restricted Stock shall be treated as outstanding, (ii) the Participant holding shares of Restricted Stock may exercise full voting rights with respect to such shares, and (iii) the Participant
holding shares of Restricted Stock shall be entitled to receive all dividends and other distributions paid with respect to such shares while they are so held. If any such dividends or distributions are paid in shares of Common Stock, such shares
shall be subject to the same restrictions on transferability and forfeitability as the shares of Restricted Stock with respect to which they were paid. Notwithstanding anything to the contrary, at the discretion of the Committee, all such dividends
and distributions may be held in escrow by the Company (subject to the same restrictions on forfeitability) until all restrictions on the respective Restricted Stock have lapsed. Holders of the Restricted Stock Units shall not have any of the rights
of a stockholder, including the right to vote or receive dividends and other distributions, until Common Stock shall have been issued in the Participant’s name pursuant to the Restricted Stock Units; provided, however the Committee, in its sole
and absolute discretion, may provide for Dividend Equivalents on vested Restricted Stock Units. 
 (f) Termination of Service.
Unless otherwise provided in an Award Agreement, if a Participant’s employment or other service with the Company terminates for any reason, all unvested shares of Restricted Stock and Restricted Stock Units held by the Participant and any
dividends or distributions held in escrow by the Company with respect to Restricted Stock shall be forfeited immediately and returned to the Company. Notwithstanding this paragraph, to the extent applicable, all grants of Restricted Stock and
Restricted Stock Units that vest solely upon the attainment of Performance Goals shall be treated pursuant to the terms and conditions that would have been applicable under Section 9 as if such grants were Awards of Performance Shares.
Notwithstanding anything in this Plan to the contrary, the Committee may provide, in its sole and absolute discretion, that following the termination of employment or other service of a Participant with the Company for any reason, any unvested
shares of Restricted Stock or Restricted Stock Units held by the Participant that vest solely upon a future service requirement shall vest in whole or in part, at any time subsequent to such termination of employment or other service. 

(g) Payment of Common Stock with respect to Restricted Stock Units. Notwithstanding anything to the contrary herein, unless otherwise
provided in the Award agreement, Common Stock will be issued with respect to Restricted Stock Units no later than March 15 of the year immediately following the year in which the Restricted Stock Units are first no longer subject to a
substantial risk of forfeiture as such term is defined in Section 409A of the Code and the regulations issued thereunder (“RSU Payment Date”). In the event that Participant has elected to defer the receipt of Common Stock pursuant to
an Award Agreement beyond the RSU Payment Date, then the Common Stock will be issued at the time specified in the Award Agreement or related deferral election form. In addition, unless otherwise provided in the Award Agreement, if the receipt of
Common Stock is deferred past the RSU Payment Date, Dividend Equivalents on the Common Stock covered by Restricted Stock Units shall be deferred until the RSU Payment Date. 
  

	 	9.	PERFORMANCE SHARES AND PERFORMANCE UNITS 

 (a) Grant of Performance Shares and
Performance Units. Subject to the terms and conditions of the Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Performance Shares and Performance Units, in such amounts and on such terms and
conditions as the Committee shall determine in its sole and absolute discretion. Each grant of a Performance Share or a Performance Unit shall satisfy the requirements as set forth in this Section. 

  
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 (b) Performance Goals. Performance Goals will be based on one or more of the
following criteria, as determined by the Committee in its absolute and sole discretion: (i) the attainment of certain target levels of, or a specified increase in, Red Violet’s enterprise value or value creation targets; (ii) the
attainment of certain target levels of, or a percentage increase in, Red Violet’s after-tax or pre-tax profits including, without limitation, that attributable to
Red Violet’s continuing and/or other operations; (iii) the attainment of certain target levels of, or a specified increase relating to, Red Violet’s operational cash flow or working capital, or a component thereof; (iv) the
attainment of certain target levels of, or a specified decrease relating to, Red Violet’s operational costs, or a component thereof; (v) the attainment of a certain level of reduction of, or other specified objectives with regard to
limiting the level of increase in all or a portion of bank debt or other of Red Violet’s long-term or short-term public or private debt or other similar financial obligations of Red Violet, that may be calculated net of cash balances and/or
other offsets and adjustments as may be established by the Committee; (vi) the attainment of a specified percentage increase in earnings per share or earnings per share from Red Violet’s continuing operations; (vii) the attainment of
certain target levels of, or a specified percentage increase in, Red Violet’s net sales, revenues, net income or earnings before income tax or other exclusions; (viii) the attainment of certain target levels of, or a specified increase in,
Red Violet’s return on capital employed or return on invested capital; (ix) the attainment of certain target levels of, or a percentage increase in, Red Violet’s after-tax or pre-tax return on stockholder equity; (x) the attainment of certain target levels in the fair market value of Red Violet’s Common Stock; (xi) the growth in the value of an investment in the Common
Stock assuming the reinvestment of dividends; and/or (xii) the attainment of certain target levels of, or a specified increase in, EBITDA (earnings before income tax, depreciation and amortization). In addition, Performance Goals may be based
upon the attainment by a subsidiary, division or other operational unit of Red Violet of specified levels of performance under one or more of the measures described above. Further, the Performance Goals may be based upon the attainment by Red Violet
(or a subsidiary, division, facility or other operational unit of Red Violet) of specified levels of performance under one or more of the foregoing measures relative to the performance of other corporations. To the extent permitted under Code
Section 162(m) of the Code (including, without limitation, compliance with any requirements for stockholder approval), the Committee may, in its sole and absolute discretion: (i) designate additional business criteria upon which the
Performance Goals may be based; (ii) modify, amend or adjust the business criteria described herein; or (iii) incorporate in the Performance Goals provisions regarding changes in accounting methods, corporate transactions (including,
without limitation, dispositions or acquisitions) and similar events or circumstances. Performance Goals may include a threshold level of performance below which no Award will be earned, levels of performance at which an Award will become partially
earned and a level at which an Award will be fully earned. 
 (c) Terms and Conditions of Performance Shares and Performance
Units. The applicable Award Agreement shall set forth (i) the number of Performance Shares or the dollar value of Performance Units granted to the Participant; (ii) the Performance Period and Performance Goals with respect to
each such Award; (iii) the threshold, target and maximum shares of Common Stock or dollar values of each Performance Share or Performance Unit and corresponding Performance Goals; and (iv) any other terms and conditions as the Committee
determines in its sole and absolute discretion. The Committee shall establish, in its sole and absolute discretion, the Performance Goals for the applicable Performance Period for each Performance Share or Performance Unit granted hereunder.
Performance Goals for different Participants and for different grants of Performance Shares and Performance Units need not be identical. Unless otherwise provided in an Award Agreement, a holder of Performance Units or Performance Shares is not
entitled to the rights of a holder of Common Stock. 
 (d) Determination and Payment of Performance Units or Performance Shares
Earned. Following the end of a Performance Period, the Committee shall determine the extent to which Performance Shares or Performance Units have been earned on the basis of the Company’s actual performance in relation to the
established Performance Goals as set forth in the applicable Award Agreement and shall certify these results in writing. Unless otherwise provided in an Award Agreement, the Committee shall determine in its sole and absolute discretion whether
payment with respect to the Performance Share or Performance Unit shall be made in cash, in shares of Common Stock, or in a combination thereof. 

  
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 (e) Termination of Employment. Unless otherwise provided in an Award
Agreement, if a Participant’s employment or other service with the Company terminates for any reason, all of the Participant’s outstanding Performance Shares and Performance Units shall be subject to the rules of this Section. 

(i) Termination for Reason Other Than Death or Disability. If a Participant’s employment or other service with the
Company terminates prior to the expiration of a Performance Period with respect to any Performance Units or Performance Shares held by such Participant for any reason other than death or Disability, the outstanding Performance Units or Performance
Shares held by such Participant for which the Performance Period has not yet expired shall terminate upon such termination of employment or other service with the Company and the Participant shall have no further rights pursuant to such Performance
Units or Performance Shares. 
 (ii) Termination of Employment for Death or Disability. If a Participant’s
employment or other service with the Company terminates by reason of the Participant’s death or Disability prior to the end of a Performance Period, the Participant, or the Participant’s estate, devisee or heir at law (whichever is
applicable) shall be entitled to a payment of the Participant’s outstanding Performance Units and Performance Shares, pursuant to the terms of the Plan and the Participant’s Award Agreement; provided, however, that the Participant shall be
deemed to have earned only that proportion (to the nearest whole unit or share) of the Performance Units or Performance Shares granted to the Participant under such Award as the number of full months of the Performance Period which have elapsed
since the first day of the Performance Period for which the Award was granted to the end of the month in which the Participant’s termination of employment or other service, bears to the total number of months in the Performance Period, subject
to the attainment of the Performance Goals associated with the Award as certified by the Committee. The remaining Performance Units or Performance Shares and any rights with respect thereto shall be canceled and forfeited. 

 

	 	10.	OTHER AWARDS 

 Awards of shares of Common Stock, phantom stock and other Awards that are
valued in whole or in part by reference to, or otherwise based on, Common Stock, may also be made, from time to time, to Eligible Individuals as may be selected by the Committee. Such Common Stock may be issued in satisfaction of Awards granted
under any other plan sponsored by the Company or compensation payable to an Eligible Individual. In addition, such Awards may be made alone or in addition to or in connection with any other Award granted hereunder. The Committee may determine the
terms and conditions of any such Award. Each such Award shall be evidenced by an Award Agreement between the Eligible Individual and the Company that shall specify the number of shares of Common Stock subject to the Award, any consideration
therefore, any vesting or performance requirements, and such other terms and conditions as the Committee shall determine in its sole and absolute discretion. 
  

	 	11.	CHANGE IN CONTROL 

 Upon the occurrence of a Change in Control, the Committee may, in its
sole and absolute discretion, provide on a case by case basis that (i) all Awards shall terminate, provided that Participants shall have the right, immediately prior to the occurrence of such Change in Control and during such reasonable period
as the Committee in its sole discretion shall determine and designate, to exercise any Award, (ii) all Awards shall terminate, provided that Participants shall be entitled to a cash payment equal to the Change in Control Price with respect to
shares subject to the vested portion of the Award net of the Exercise Price thereof, if applicable, (iii) in connection with a liquidation or dissolution of Red Violet, the Awards, to the extent vested, shall convert into the right to receive
liquidation proceeds net of the Exercise Price (if applicable), (iv) accelerate the vesting of Awards and (v) any combination of the foregoing. In the event that the Committee does not terminate or convert an Award upon a Change in Control of
Red Violet, then the Award shall be assumed, or substantially equivalent Awards shall be substituted, by the acquiring, or succeeding corporation (or an affiliate thereof). 

  
 9 

	 	12.	CHANGE IN STATUS OF PARENT OR SUBSIDIARY 

 Unless otherwise provided in an Award
Agreement or otherwise determined by the Committee, in the event that an entity or business unit that was previously a part of the Company is no longer a part of the Company, as determined by the Committee in its sole discretion, the Committee may,
in its sole and absolute discretion: (i) provide on a case by case basis that some or all outstanding Awards held by a Participant employed by or performing service for such entity or business unit may become immediately exercisable or vested,
without regard to any limitation imposed pursuant to this Plan; (ii) provide on a case by case basis that some or all outstanding Awards held by a Participant employed by or performing service for such entity or business unit may remain
outstanding, may continue to vest, and/or may remain exercisable for a period not exceeding one (1) year, subject to the terms of the Award Agreement and this Plan; and/or (iii) treat the employment or other services of a Participant
performing services for such entity or business unit as terminated, if such Participant is not employed by Red Violet or any entity that is a part of the Company, immediately after such event. 

 

	 	13.	REQUIREMENTS OF LAW 

 (a) Violations of Law. The Company shall not be
required to make any payments, sell or issue any shares of Common Stock under any Award if the sale or issuance of such shares would constitute a violation by the individual exercising the Award, the Participant or the Company of any provisions of
any law or regulation of any governmental authority, including without limitation any provisions of the Sarbanes-Oxley Act, and any other federal or state securities laws or regulations. Any determination in this connection by the Committee shall be
final, binding, and conclusive. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Award, the issuance of shares pursuant thereto or the grant of an Award to comply with any law or regulation of
any governmental authority. 
 (b) Registration. At the time of any exercise or receipt of any Award, the Company may, if it
shall determine it necessary or desirable for any reason, require the Participant (or Participant’s heirs, legatees or legal representative, as the case may be), as a condition to the exercise or grant thereof, to deliver to the Company a
written representation of present intention to hold the shares for their own account as an investment and not with a view to, or for sale in connection with, the distribution of such shares, except in compliance with applicable federal and state
securities laws with respect thereto. In the event such representation is required to be delivered, an appropriate legend may be placed upon each certificate delivered to the Participant (or Participant’s heirs, legatees or legal
representative, as the case may be) upon the Participant’s exercise of part or all of the Award or receipt of an Award and a stop transfer order may be placed with the transfer agent. Each Award shall also be subject to the requirement that, if
at any time the Company determines, in its discretion, that the listing, registration or qualification of the shares subject to the Award upon any securities exchange or under any state or federal law, or the consent or approval of any governmental
regulatory body, is necessary or desirable as a condition of or in connection with, the issuance or purchase of the shares thereunder, the Award may not be exercised in whole or in part and the restrictions on an Award may not be removed unless such
listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company in its sole discretion. The Participant shall provide the Company with any certificates,
representations and information that the Company requests and shall otherwise cooperate with the Company in obtaining any listing, registration, qualification, consent or approval that the Company deems necessary or appropriate. The Company shall
not be obligated to take any affirmative action in order to cause the exercisability or vesting of an Award, to cause the exercise of an Award or the issuance of shares pursuant thereto, or to cause the grant of Award to comply with any law or
regulation of any governmental authority. 
 (c) Withholding. The Committee may make such provisions and take such steps as it
may deem necessary or appropriate for the withholding of any taxes that the Company is required by any law or regulation of any governmental authority, whether federal, state or local, domestic or foreign, to withhold in connection with the grant or
exercise of an Award, or the removal of restrictions on an Award including, but not limited to: (i) the withholding of delivery of shares of Common Stock until the holder reimburses the Company for the

  
 10 

 
amount the Company is required to withhold with respect to such taxes; (ii) the canceling of any number of shares of Common Stock issuable in an amount sufficient to reimburse the Company
for the amount it is required to so withhold; (iii) withholding the amount due from any such person’s wages or compensation due to such person; or (iv) requiring the Participant to pay the Company cash in the amount the Company is
required to withhold with respect to such taxes. 
 (d) Governing Law. The Plan shall be governed by, and construed and
enforced in accordance with, the laws of the State of Delaware. 
  

	 	14.	GENERAL PROVISIONS 

 (a) Award Agreements. All Awards granted pursuant to
the Plan shall be evidenced by an Award Agreement. Each Award Agreement shall specify the terms and conditions of the Award granted and shall contain any additional provisions as the Committee shall deem appropriate, in its sole and absolute
discretion (including, to the extent that the Committee deems appropriate, provisions relating to confidentiality, non-competition, non-solicitation and similar
matters). The terms of each Award Agreement need not be identical for Eligible Individuals provided that each Award Agreement shall comply with the terms of the Plan. 

(b) Purchase Price. To the extent the purchase price of any Award granted hereunder is less than par value of a share of Common
Stock and such purchase price is not permitted by applicable law, the per share purchase price shall be deemed to be equal to the par value of a share of Common Stock. 

(c) Dividends and Dividend Equivalents. Except as set forth in the Plan, an Award Agreement or provided by the Committee in its
sole and absolute discretion, a Participant shall not be entitled to receive, currently or on a deferred basis, cash or stock dividends, Dividend Equivalents, or cash payments in amounts equivalent to cash or stock dividends on shares of Common
Stock covered by an Award. The Committee in its absolute and sole discretion may credit a Participant’s Award with Dividend Equivalents with respect to any Awards. To the extent that dividends and distributions relating to an Award are held in
escrow by the Company, or Dividend Equivalents are credited to an Award, a Participant shall not be entitled to any interest on any such amounts. The Committee may not grant Dividend Equivalents to an Award subject to performance-based vesting to
the extent that the grant of such Dividend Equivalents would limit the Company’s deduction of the compensation payable under such Award for federal tax purposes pursuant to Code Section 162(m). 

(d) Deferral of Awards. The Committee may from time to time establish procedures pursuant to which a Participant may elect to
defer, until a time or times later than the vesting of an Award, receipt of all or a portion of the shares of Common Stock or cash subject to such Award and to receive Common Stock or cash at such later time or times, all on such terms and
conditions as the Committee shall determine. The Committee shall not permit the deferral of an Award unless counsel for Red Violet determines that such action will not result in adverse tax consequences to a Participant under Section 409A of
the Code. If any such deferrals are permitted, then notwithstanding anything to the contrary herein, a Participant who elects to defer receipt of Common Stock shall not have any rights as a stockholder with respect to deferred shares of Common Stock
unless and until shares of Common Stock are actually delivered to the Participant with respect thereto, except to the extent otherwise determined by the Committee. 

(e) Prospective Employees. Notwithstanding anything to the contrary, any Award granted to a Prospective Employee shall not
become vested prior to the date the Prospective Employee first becomes an employee of the Company. 
 (f) Stockholder Rights.
Except as expressly provided in the Plan or an Award Agreement, a Participant shall not have any of the rights of a stockholder with respect to Common Stock subject to the Awards prior to satisfaction of all conditions relating to the
issuance of such Common Stock, and no adjustment shall be made for dividends, distributions or other rights of any kind for which the record date is prior to the date on which all such conditions have been satisfied. 

  
 11 

 (g) Transferability of Awards. A Participant may not Transfer an Award other
than by will or the laws of descent and distribution. Awards may be exercised during the Participant’s lifetime only by the Participant. No Award shall be liable for or subject to the debts, contracts, or liabilities of any Participant, nor
shall any Award be subject to legal process or attachment for or against such person. Any purported Transfer of an Award in contravention of the provisions of the Plan shall have no force or effect and shall be null and void, and the purported
transferee of such Award shall not acquire any rights with respect to such Award. Notwithstanding anything to the contrary, the Committee may in its sole and absolute discretion permit the Transfer of an Award to a Participant’s “family
member” as such term is defined in the Form S-8 Registration Statement under the Securities Act of 1933, as amended, under such terms and conditions as specified by the Committee. In such case, such Award
shall be exercisable only by the transferee approved of by the Committee. To the extent that the Committee permits the Transfer of an Incentive Stock Option to a “family member”, so that such Option fails to continue to satisfy the
requirements of an incentive stock option under the Code such Option shall automatically be re-designated as a Non-Qualified Stock Option. 

(h) Buyout and Settlement Provisions. Except as prohibited in Section 6(d) of the Plan, the Committee may at any time on
behalf of Red Violet offer to buy out any Awards previously granted based on such terms and conditions as the Committee shall determine which shall be communicated to the Participants at the time such offer is made. 

(i) Use of Proceeds. The proceeds received by Red Violet from the sale of Common Stock pursuant to Awards granted under the Plan
shall constitute general funds of Red Violet. 
 (j) Modification or Substitution of an Award. Subject to the terms and
conditions of the Plan, the Committee may modify outstanding Awards, provided that, except as expressly provided in the Plan, no modification of an Award shall adversely affect any rights or obligations of the Participant under the applicable Award
Agreement without the Participant’s consent. Nothing in the Plan shall limit the right of the Company to pay compensation of any kind outside the terms of the Plan. 

(k) Amendment and Termination of Plan. The Board may, at any time and from time to time, amend, suspend or terminate the Plan as
to any shares of Common Stock as to which Awards have not been granted; provided, however, that the approval of the stockholders of Red Violet in accordance with applicable law and the Articles of Incorporation and Bylaws of Red Violet shall
be required for any amendment: (i) that changes the class of individuals eligible to receive Awards under the Plan; (ii) that increases the maximum number of shares of Common Stock in the aggregate that may be subject to Awards that are
granted under the Plan (except as permitted under Section 5 or Section 11 hereof); (iii) the approval of which is necessary to comply with federal or state law (including without limitation Section 162(m) of the Code and Rule 16b-3 under the Exchange Act) or with the rules of any stock exchange or automated quotation system on which the Common Stock may be listed or traded; or (iv) that proposed to eliminate a requirement provided
herein that the stockholders of Red Violet must approve an action to be undertaken under the Plan. Except as expressly provided in the Plan, no amendment, suspension or termination of the Plan shall, without the consent of the holder of an Award,
alter or impair rights or obligations under any Award theretofore granted under the Plan. Awards granted prior to the termination of the Plan may extend beyond the date the Plan is terminated and shall continue subject to the terms of the Plan as in
effect on the date the Plan is terminated. 
 (l) Section 409A and 162(m) of the Code. With respect to Awards subject to
Section 409A or 162(m) of the Code, this Plan is intended to comply with the requirements of such Sections, and the provisions hereof shall be interpreted in a manner that satisfies the requirements of such Sections and the related regulations,
and the Plan shall be operated accordingly. If any provision of this Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition will be interpreted and deemed amended so as to
avoid this conflict. 

  
 12 

 (m) Notification of 83(b) Election. If in connection with the grant of any
Award, any Participant makes an election permitted under Code Section 83(b), such Participant must notify Red Violet in writing of such election within ten (10) days of filing such election with the Internal Revenue Service. 

(n) Disclaimer of Rights. No provision in the Plan, any Award granted hereunder, or any Award Agreement entered into pursuant to
the Plan shall be construed to confer upon any individual the right to remain in the employ of or other service with the Company or to interfere in any way with the right and authority of the Company either to increase or decrease the compensation
of any individual, including any holder of an Award, at any time, or to terminate any employment or other relationship between any individual and the Company. The grant of an Award pursuant to the Plan shall not affect or limit in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any part of its business or assets. 

(o) Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive and deferred
compensation. With respect to any payments as to which a Participant has a fixed and vested interest but which are not yet made to such Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater
than those of a general creditor of the Company. 
 (p) Nonexclusivity of Plan. The adoption of the Plan shall not be
construed as creating any limitations upon the right and authority of the Board to adopt such other incentive compensation arrangements (which arrangements may be applicable either generally to a class or classes of individuals or specifically to a
particular individual or individuals) as the Board in its sole and absolute discretion determines desirable. 
 (q) Other
Benefits. No Award payment under the Plan shall be deemed compensation for purposes of computing benefits under any retirement plan of the Company or any agreement between a Participant and the Company, nor affect any benefits under any
other benefit plan of the Company now or subsequently in effect under which benefits are based upon a Participant’s level of compensation. 

(r) Headings. The section headings in the Plan are for convenience only; they form no part of this Agreement and shall not
affect its interpretation. 
 (s) Pronouns. The use of any gender in the Plan shall be deemed to include all genders, and the
use of the singular shall be deemed to include the plural and vice versa, wherever it appears appropriate from the context. 
 (t)
Successors and Assigns. The Plan shall be binding on all successors of the Company and all successors and permitted assigns of a Participant, including, but not limited to, a Participant’s estate, devisee, or heir at law. 

(u) Severability. If any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any
court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction. 

(v) Notices. Any communication or notice required or permitted to be given under the Plan shall be in writing, and mailed by
registered or certified mail or delivered by hand, to Red Violet, to its principal place of business, Attention: [Person(s)], and if to the holder of an Award, to the address as appearing on the records of the Company. 

  
 13 

 ANNEX A 

DEFINITIONS 

“Award” means any Common Stock, Option, Performance Share, Performance Unit, Restricted Stock, Stock Appreciation Right, Restricted
Stock Unit or any other award granted pursuant to the Plan. 
 “Award Agreement” means a written agreement entered into by Red
Violet and a Participant setting forth the terms and conditions of the grant of an Award to such Participant. 
 “Board” means the
board of directors of Red Violet. 
 “Cause” means, with respect to a termination of employment or other service with the Company,
a termination of employment or other service due to a Participant’s dishonesty, fraud, or willful misconduct; provided, however, that if the Participant and the Company have entered into an employment agreement or consulting agreement
that defines the term Cause, the term Cause shall be defined in accordance with such agreement with respect to any Award granted to the Participant on or after the effective date of the respective employment or consulting agreement. The Committee
shall determine in its sole and absolute discretion whether Cause exists for purposes of the Plan. 
 “Change in Control” means:
(i) any Person (other than Red Violet, any trustee or other fiduciary holding securities under any employee benefit plan of Red Violet, or any company owned, directly or indirectly, by stockholders of Red Violet in substantially the same proportions
as their ownership of Red Violet Common Stock) becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Red Violet representing more
than fifty percent (50%) or more of the value of Red Violet’s then outstanding securities (the “Majority Owner”); provided, however, that no Change in Control shall occur under this paragraph (i) unless a person who was not a
Majority Owner at some time after the Effective Date becomes a Majority Owner after the Effective Date; (ii) a merger, consolidation, reorganization, or other business combination of Red Violet with any other entity, other than a merger or
consolidation that would result in the securities of Red Violet outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty
percent (50%) by value of the securities of Red Violet or such surviving entity outstanding immediately after such merger or consolidation; or (iii) the consummation of the sale or disposition by Red Violet of all or substantially all of its assets
other than (x) the sale or disposition of all or substantially all of the assets of the Company to a Person or Persons who beneficially own, directly or indirectly, at least fifty percent (50%) or more of the securities of Red Violet by value
at the time of the sale or (y) pursuant to a spin-off type transaction, directly or indirectly, of such assets to the stockholders of the Red Violet. 

However, to the extent that Section 409A of the Code would cause an adverse tax consequence to a Participant using the above definition,
the term “Change in Control” shall have the meaning ascribed to the phrase “Change in the Ownership or Effective Control of a Corporation or in the Ownership of a Substantial Portion of the Assets of a Corporation” under Treasury
Department Regulation 1.409A-3(i)(5), as revised from time to time in either subsequent regulations or other guidance, and in the event that such regulations are withdrawn or such phrase (or a substantially
similar phrase) ceases to be defined, as determined by the Committee. 
 “Change in Control Price” means the price per share of
Common Stock paid in any transaction related to a Change in Control of Red Violet. 
 “Code” means the Internal Revenue Code of
1986, as amended, and the regulations promulgated thereunder. 
 “Committee” means a committee or
sub-committee of the Board consisting of two or more members of the Board, none of whom shall be an officer or other salaried employee of the Company, and each of whom shall

  
 Annex A-1 

 
qualify in all respects as a “non-employee director” as defined in Rule 16b-3 under the Exchange Act, and
as an “outside director” for purposes of Code Section 162(m). If no Committee exists, the functions of the Committee will be exercised by the Board; provided, however, that a Committee shall be created prior to the grant of
Awards to a Covered Employee and that grants of Awards to a Covered Employee shall be made only by such Committee. Notwithstanding the foregoing, with respect to the grant of Awards to non-employee directors,
the Committee shall be the Board. 
 “Common Stock” means the common stock, par value $0.001 per share, of Red Violet or any other
security into which such common stock shall be changed as contemplated by the adjustment provisions of Section 5 of the Plan. 

“Company” means Red Violet, the subsidiaries of Red Violet and all other entities whose financial statements are required to be
consolidated with the financial statements of Red Violet pursuant to United States generally accepted accounting principles, and any other entity determined to be an affiliate of Red Violet as determined by the Committee in its sole and absolute
discretion. 
 “Covered Employee” means “covered employee” as defined in Code Section 162(m)(3). 

“Covered Individual” means any current or former member of the Committee, any current or former officer or director of the Company,
or, if so determined by the Committee in its sole discretion, any individual designated pursuant to Section 4(c). 

“Disability” means a “permanent and total disability” within the meaning of Code Section 22(e)(3); provided,
however, that if a Participant and the Company have entered into an employment or consulting agreement that defines the term Disability for purposes of such agreement, Disability shall be defined pursuant to the definition in such agreement with
respect to any Award granted to the Participant on or after the effective date of the respective employment or consulting agreement. The Committee shall determine in its sole and absolute discretion whether a Disability exists for purposes of the
Plan. 
 “Dividend Equivalents” means an amount equal to the cash dividends paid by the Company upon one share of Common Stock
subject to an Award granted to a Participant under the Plan. 
 “Eligible Individual” means any employee, consultant, officer,
director (employee or non-employee director) or independent contractor of the Company, any Prospective Employee to whom Awards are granted in connection with an offer of future employment with the Company, or
any employee, consultant, officer, director (employee or non-employee director) or independent contractor of Cogint, Inc. prior to the spin-off of the Company. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exercise Price” means the purchase price per share of each share of Common Stock subject to an Award. 

“Fair Market Value” means, unless otherwise required by the Code, as of any date, the last sales price reported for the Common Stock
on the day immediately prior to such date (i) as reported by the national securities exchange in the United States on which it is then traded, or (ii) if not traded on any such national securities exchange, as quoted on an automated
quotation system sponsored by the Financial Industry Regulatory Authority, Inc., or if the Common Stock shall not have been reported or quoted on such date, on the first day prior thereto on which the Common Stock was reported or quoted;
provided, however, that the Committee may modify the definition of Fair Market Value to reflect any changes in the trading practices of any exchange or automated system sponsored by the Financial Industry Regulatory Authority, Inc. on which
the Common Stock is listed or traded. If the Common Stock is not readily traded on a national securities exchange or any system sponsored by the Financial Industry Regulatory Authority, Inc., the Fair Market Value shall be determined in good faith
by the Committee. 

  
 Annex A-2 

 “Grant Date” means, unless otherwise provided by applicable law, the date on which
the Committee approves the grant of an Award or such later date as is specified by the Committee and set forth in the applicable Award Agreement. 

“Red Violet” means Red Violet, Inc., a Delaware corporation. 

“Incentive Stock Option” means an “incentive stock option” within the meaning of Code Section 422. 

“Non-Qualified Stock Option” means an Option that is not an Incentive Stock Option. 

“Option” means an option to purchase Common Stock granted pursuant to Sections 6 of the Plan. 

“Participant” means any Eligible Individual who holds an Award under the Plan and any of such individual’s successors or
permitted assigns. 
 “Performance Goals” means the specified performance goals that have been established by the Committee in
connection with an Award. 
 “Performance Period” means the period during which Performance Goals must be achieved in connection
with an Award granted under the Plan. 
 “Performance Share” means a right to receive a fixed number of shares of Common Stock, or
the cash equivalent, which is contingent on the achievement of certain Performance Goals during a Performance Period. 
 “Performance
Unit” means a right to receive a designated dollar value, or shares of Common Stock of the equivalent value, which is contingent on the achievement of Performance Goals during a Performance Period. 

“Person” shall mean any person, corporation, partnership, limited liability company, joint venture or other entity or any group (as
such term is defined for purposes of Section 13(d) of the Exchange Act), other than a Parent or subsidiary of the Company. 

“Plan” means this Red Violet, Inc. Stock Incentive Plan. 

“Prospective Employee” means any individual who has committed to become an employee or independent contractor of the Company within
sixty (60) days from the date an Award is granted to such individual. 
 “Restricted Stock” means Common Stock subject to
certain restrictions, as determined by the Committee, and granted pursuant to Section 8 hereunder. 
 “Restricted Stock Unit”
means a right, granted under this Plan, to receive Common Stock upon the satisfaction of certain conditions, or if later, at the end of a specified deferral period following the satisfaction of such conditions. 

“Section 424 Employee” means an employee of Red Violet or any “subsidiary corporation” or “parent
corporation” as such terms are defined in and in accordance with Code Section 424. The term “Section 424 Employee” also includes employees of a corporation issuing or assuming any Options in a transaction to which Code
Section 424(a) applies. 
 “Stock Appreciation Right” means the right to receive all or some portion of the increase in value
of a fixed number of shares of Common Stock granted pursuant to Section 7 hereunder. 
 “Transfer” means, as a noun, any
direct or indirect, voluntary or involuntary, exchange, sale, bequeath, pledge, mortgage, hypothecation, encumbrance, distribution, transfer, gift, assignment or other disposition or attempted disposition of, and, as a verb, directly or indirectly,
voluntarily or involuntarily, to exchange, sell, bequeath, pledge, mortgage, hypothecate, encumber, distribute, transfer, give, assign or in any other manner whatsoever dispose or attempt to dispose of. 

  
 Annex A-3EX-10.2

 Exhibit 10.2 

FORM OF 
 RESTRICTED
STOCK UNIT AGREEMENT 
 PURSUANT TO THE 

RED VIOLET, INC. 2018 STOCK INCENTIVE PLAN 

THIS AGREEMENT made as of the [●]day of [●], [●], between Red Violet, Inc., a Delaware corporation,
(“Company”), and the individual whose name and signature appears on the signature page attached hereto (“Participant”). Capitalized terms not defined herein shall have the meaning ascribed thereto in the Red Violet, Inc. Stock
Incentive Plan (as amended to date, the “Plan”). This Agreement shall be effective as of the date hereof (“Effective Date”). 

1. Award. 
 (a)
Shares. Pursuant to the Plan, the Company hereby grants to the Participant the right to receive the number of shares of the Company’s Common Stock set forth opposite Participant’s name on the signature page hereto upon the
satisfaction of certain conditions (the “Restricted Stock Units”). Shares of the Company’s Common Stock shall be issued only upon vesting of the Restricted Stock Units and only upon the satisfaction of the terms and conditions set
forth herein and in the Plan (such shares shall be referred to hereafter as the “Award Stock”). 
 (b) Plan
Incorporated. Participant acknowledges receipt of a copy of the Plan, and agrees that this Award of Restricted Stock Units shall be subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if
any, pursuant to the terms thereof, which Plan is incorporated herein by reference as a part of this Agreement. 
 2. Restricted Stock
Units. Participant hereby accepts the Restricted Stock Units when issued and agrees as follows: 
 (a) Vesting. No Award Stock
shall be issued pursuant to the unvested Restricted Stock Units. Except as otherwise provided for in the Plan and this Agreement, the Restricted Stock Units shall vest upon the satisfaction of the time-based vesting requirements set forth below:

  

			
	 Date
	  	
Total Percentage Vested

	[●]	  	[●]
	[●]	  	[●]
	[●]	  	[●]

 There shall be no proportionate or partial vesting in the periods between the vesting dates and all vesting shall occur only
on the aforementioned vesting dates. 
 (b) Termination of Employment or Other Service; Change in Control. 

(i) General. Except as otherwise provided for below, if Participant’s employment or other service with the Company terminates, all
Restricted Stock Units unvested at the time of termination shall expire and be forfeited immediately and returned to the Company. 
 (ii)
[Death. In the event that the Participant dies while in the employment or other service of the Company, all Restricted Stock Units which have not vested on the date of death shall immediately vest.] 

(iii) [Disability. In the event that the Participant’s employment or other service with the Company is terminated by reason of
Disability, the Committee may, in its sole discretion, provide that all Restricted Stock Units which have not vested at the time of such termination shall immediately vest.] 

 (iv) [Change in Control. In the event of a Change in Control all Restricted Stock
Units which have not vested on the date of such Change in Control shall immediately vest.] 
 (c) Transferability. The Restricted
Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless the Plan so provides. 

(d) Distribution. Unless otherwise provided in the Restricted Stock Unit Deferral Election Form attached hereto as Appendix A, the
Company shall deliver a certificate evidencing shares of Award Stock to the Participant or direct its transfer agent to register such shares in book entry form within thirty (30) days following the satisfaction of the time-based vesting
requirements. Notwithstanding the foregoing, if the Restricted Stock Units vest due to: (i) a Change in Control, the certificate evidencing shares of Award Stock shall be delivered immediately upon the Change in Control, and (ii) a
termination of employment due to death or Disability the certificate evidencing shares of Award Stock shall be delivered within thirty (30) days following such termination of employment. For the Restricted Stock Unit Deferral Election Form to
be effective, it must be received by the Company on the Effective Date, or to the extent that none of the Restricted Stock Units vest within 12 months of the Effective Date, no later than 30 days following the Effective Date. 

3. Withholding. To the extent that this Award or the delivery of any Award Stock causes the Participant to be subject to any tax
withholding obligations, the Participant shall meet such obligations as provided for in the Plan. 
 4. Status as a
Shareholder. Unless otherwise provided in the Plan, Participant shall have no rights of a shareholder with respect to the Restricted Stock Units until Award Stock is issued to him or her pursuant to Section 2 above. 

5. Committee’s Powers. No provision contained in this Agreement shall in any way terminate, modify or alter, or be
construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate pursuant to the terms of the Plan or resolutions adopted in furtherance of the
Plan, including, without limitation, the right to make certain determinations and elections with respect to the Restricted Stock Units. 

6. Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all
persons lawfully claiming under Participant. 
 7. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware. 
 8. Miscellaneous 

(a) Provisions of Plan and Other Agreements Control. This Agreement is subject to all the terms, conditions and provisions of the Plan,
including, without limitation, the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan as may be adopted by the Board and as may be in effect from time to time. The Plan is incorporated herein by
reference. If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of the Plan, the Plan shall control, and this Agreement shall be deemed to be modified accordingly. 

(b) No Third-Party Beneficiaries. This Agreement shall not confer any rights or remedies upon
any person other than the parties and their respective successors and permitted assigns. 
 (c) Section 409A Compliance. It is
intended that all compensation payable pursuant to this Agreement are exempt from or, alternatively, comply with Section 409A (and any legally binding guidance promulgated under Section 409A, including, without limitation, the Final
Treasury Regulations), and this Agreement will be interpreted, administered and operated accordingly. In the event that any provision of this Agreement is inconsistent with Section 409A or such guidance, then the applicable provisions of
Section 409A shall supersede 

 
such inconsistent provision. Notwithstanding the foregoing, in no event will any of Company, its parent, its or their respective subsidiaries, affiliates, or officers, directors, employees, or
agents have any liability for failure of the form of this Agreement to be exempt from or comply with Section 409A and none of the foregoing guarantees that the form of this Agreement is exempt from or complies with Code Section 409A. For
all purposes under Section 409A, Executive’s right to receive any payments pursuant to this Agreement shall be treated as a right to receive a separate and distinct payment, and any payments to be made in installments shall be deemed to be
a series of separate payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of Company. A
“termination of employment” under this Agreement shall mean a “separation from service” under Section 409A. Notwithstanding any provisions of the Agreement to the contrary, to the extent the that Section 409A would
cause an adverse tax consequence to the Participant, a Change in Control shall not be deemed to occur for purposes of this Agreement unless the Change in Control meets the definition ascribed to the phrase “Change in the Ownership or Effective
Control of a Corporation or in the Ownership of a Substantial Portion of the Assets of a Corporation” under Treasury Department Regulation 1.409A-3(i)(5), as revised from time to time in either subsequent
regulations or other guidance. 
 (d) Entire Agreement; Amendments. This Agreement (including the documents and exhibits referred to
herein) and the Plan constitutes the entire agreement among the parties and supersedes any prior understandings, agreements, or representations by or among the parties, written or oral, that may have related in any way to the subject matter hereof.
This Agreement may not be amended, supplemented, or modified in whole or in part except by an instrument in writing signed by the party or parties against whom enforcement of any such amendment, supplement, or modification is sought. 

(e) Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original and all of which
together will constitute one and the same instrument. 
 [Signature pages follow] 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an
officer thereunto duly authorized, and the Participant has executed this Agreement, all as of the date first above written. 
  

			
	RED VIOLET, INC.

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

 
			
		
	Title:	 	  

 
			
	
	PARTICIPANT
	
	  

	Name: [Participant Name]
	Number of Restricted Stock Units: [Number]

  
  
  

[Signature Page to Restricted Stock Unit Agreement] 

 APPENDIX A: 

Red Violet, INC. STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT 

DEFERRAL ELECTION FORM1 

FOR THIS DEFERRAL ELECTION TO BE EFFECTIVE, IT MUST BE RECEIVED BY THE COMPANY ON THE EFFECTIVE DATE, OR TO THE EXTENT THAT NONE OF THE
RESTRICTED STOCK UNITS VEST WITHIN 12 MONTHS OF THE EFFECTIVE DATE, NO LATER THAN 30 DAYS FOLLOWING THE EFFECTIVE DATE. 
  

	A.	PARTICIPANT INFORMATION 

 Name:
                                [Participant Name]  

Address:
                            [Participant Address] 

 

	B.	DEFERRAL ELECTION 

 For each share of Common Stock to be issued to me pursuant to the
Restricted Stock Unit Agreement effective                      (insert the Effective Date), I hereby irrevocably elect to defer the receipt of such
Common Stock as set forth below. 
  

	C.	STOCK ISSUANCE DATE 

 As Restricted Stock Units vest under your Award, the Company will
issue you shares of Common Stock with respect to such vested Restricted Stock Units following the satisfaction of such vesting requirements, in accordance with Section 2(d) of the Restricted Stock Unit Agreement, unless you timely elect to
receive the shares at a different time. If you elect a different date, Common Stock will generally be issued to you on such date but only to the extent your Restricted Stock Units are vested and additional shares of Common Stock (if any) will be
issued to you when any remaining Restricted Stock Units vest. 
 I hereby elect to receive my shares of Common Stock on the earlier of (check
all that apply): 
 1. ☐
                                         
                       , 20         ; (enter date) 

2. ☐ [my death;] 
 3.
☐ [my Disability (as defined in Code Section 409A);] 
 4. ☐ [a Change in Control (as defined in the Plan); and/or] 

5. ☐ my “separation from service” (as defined in Code Section 409A) with the Company. 

To the extent you are a “specified employee” for purposes of Code Section 409A and to the extent Code Section 409A is
applicable to deferral of receipt of Common Stock pursuant to this Deferral Election Form (the “Form”), notwithstanding any contrary provision which exists in the Plan or the Agreement, your distribution will be delayed for a period of 6
months as required by Code Section 409A. 
 This Form is subject to all the terms, conditions and provisions of the Plan and the
Agreement including, without limitation, the amendment provisions thereof. The Plan and the Agreement are incorporated herein by reference. If and to the extent that this Form conflicts or is inconsistent with the terms, conditions and provisions of
the Plan or the Agreement, the Plan and the Agreement shall control, and this Form shall be deemed to be modified accordingly. 
 SIGNATURE: 

 

					
	  
	 		  	        /        /        
			
	[Participant Name]	 		  	Date

  

	1 	 Capitalized terms not defined herein shall have the meaning ascribed thereto in the Red Violet, Inc. Stock
Incentive Plan (as amended to date, the “Plan”). 

 INSTRUCTIONS FOR 

Red Violet, INC. STOCK INCENTIVE PLAN 

DEFERRAL ELECTION FORM 
 This Form is to be
used to defer receipt of shares of Common Stock that are issuable under the Plan in connection with Restricted Stock Units. The following instructions provide more information about the Form. 

 

	A.	PARTICIPANT INFORMATION 

 Please complete all items. 

 

	B.	DEFERRAL ELECTION 

 Please identify the Restricted Stock Units subject to this Form. 

 

	C.	STOCK ISSUANCE DATE 

 You may elect the timing of the issuance of your Common Stock to be issued pursuant
to the Restricted Stock Units by checking the first box and inserting a specific date in the future that you want such Common Stock issued to you. If you make such an election, you shall be issued Common Stock with respect to any Restricted Stock
Units that are vested on the date you elect and shall receive any remaining shares of Common Stock with respect to any other Restricted Stock Units when they vest. Notwithstanding the date you elect to receive your shares of Common Stock, you may
choose by checking the corresponding boxes to receive shares of Common Stock corresponding to any vested Restricted Stock Units earlier if and upon occurrence of any of the following events to the extent selected: (1) your death; (2) your
Disability; (3) a Change in Control; or (4) a separation from service. If you make no election, the Company will issue you shares of Common Stock with respect to Restricted Stock Units following the satisfaction of such vesting
requirements, in accordance with Section 2(d) of the Restricted Stock Unit Agreement.

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