R F Industries COO reports tax-related share withholding

R F Industries Ltd reported that President and COO Ray Michael Bibisi filed a Form 4 showing three transactions classified as tax-withholding dispositions of common stock.

Accepted by SEC EDGAR 07/14/2026 - 04:07 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

R F Industries Ltd reported that President and COO Ray Michael Bibisi filed a Form 4 showing three transactions classified as tax-withholding dispositions of common stock. On July 11 and 13, 2026, a total of 318 shares were delivered to cover exercise price or tax liabilities at $17.43 and $15.76 per share. After these non-market transactions, Bibisi holds 65,918 shares of R F Industries common stock directly.

Insider Trade Summary

Exercise Price or Tax Liability: 318 shares

Exercise Price or Tax Liability 3 txns

Insider Bibisi Ray Michael

Role President and COO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	116	$15.76	$2K
Exercise Price or Tax Liability	Common Stock	20	$17.43	$348.60
Exercise Price or Tax Liability	Common Stock	182	$17.43	$3K

Holdings After Transaction: Common Stock — 65,918 shares (Direct)

Holdings Before and After: Common Stock, 66,236 to 65,918 shares (Direct)

Key Figures

Tax-withholding shares: 318 shares Shares withheld on 2026-07-11: 182 shares at $17.43 Additional shares withheld on 2026-07-11: 20 shares at $17.43 +2 more

5 metrics

Tax-withholding shares 318 shares Total common shares delivered for exercise price or tax liabilities in July 2026

Shares withheld on 2026-07-11 182 shares at $17.43 Tax-withholding disposition of R F Industries common stock

Additional shares withheld on 2026-07-11 20 shares at $17.43 Second tax-withholding disposition of R F Industries common stock

Shares withheld on 2026-07-13 116 shares at $15.76 Tax-withholding disposition of R F Industries common stock

Post-transaction holdings 65,918 shares Common stock held directly by Ray Michael Bibisi after the latest reported transaction

Key Terms

tax-withholding disposition, exercise price, non-derivative

3 terms

tax-withholding disposition financial

"Each transaction is reported as a tax-withholding disposition of common stock."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

exercise price financial

"Code F is described as payment of exercise price or tax liability by delivering securities."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

non-derivative financial

"Each transaction lists the security type as a non-derivative common stock holding."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did R F Industries (RFIL) insider Ray Michael Bibisi report in this Form 4?

Ray Michael Bibisi reported three tax-withholding dispositions of R F Industries common stock. These Form 4 entries cover the delivery of 318 shares to satisfy exercise price or tax obligations, rather than discretionary open-market buying or selling activity.

How many RFIL shares were withheld for taxes in this Form 4 filing?

The filing shows a total of 318 shares withheld for tax or exercise-price obligations. The transactions include blocks of 182 shares, 20 shares, and 116 shares of R F Industries common stock reported as tax-withholding dispositions.

At what prices were the RFIL tax-withholding dispositions recorded?

The tax-withholding dispositions were recorded at $17.43 and $15.76 per share. Two transactions on July 11, 2026, were at $17.43, and one transaction on July 13, 2026, was at $15.76 per R F Industries common share.

How many R F Industries (RFIL) shares does Ray Michael Bibisi hold after these transactions?

After the reported transactions, Ray Michael Bibisi directly holds 65,918 shares of R F Industries common stock. This post-transaction holding reflects his remaining direct ownership following the three tax-withholding dispositions reported in the Form 4.

Does this RFIL Form 4 show open-market stock sales by the COO?

No. All reported entries use code F, described as “Payment of exercise price or tax liability by delivering securities.” These are tax-withholding dispositions of R F Industries shares, not discretionary open-market sales by the President and COO.

What does transaction code F mean in the R F Industries (RFIL) Form 4?

Code F indicates “Payment of exercise price or tax liability by delivering securities.” In this RFIL filing, it means shares of common stock were delivered to cover exercise price or tax liabilities, rather than being sold in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bibisi Ray Michael

(Last) (First) (Middle)

16868 VIA DEL CAMPO COURT

SUITE 200

(Street)

SAN DIEGO CALIFORNIA 92127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
R F INDUSTRIES LTD [ RFIL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/11/2026		F		20	D	$17.43	66,216	D
Common Stock	07/11/2026		F		182	D	$17.43	66,034	D
Common Stock	07/13/2026		F		116	D	$15.76	65,918	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Ray Michael Bibisi	07/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)