Form 4: RF Industries CFO's 0.2% Share Reduction for Tax Withholding

Rhea-AI Filing Summary

RF Industries (RFIL) Form 4 filing shows Chief Financial Officer Peter Yin satisfied tax-withholding obligations by having 277 common shares withheld on 10-11 July 2025, at prices ranging from $7.04 to $7.17. Following these routine Code F transactions, Yin’s direct ownership decreased marginally to 118,553 shares. No open-market sales, option exercises, or new derivative positions were reported, indicating an administrative adjustment rather than a discretionary sale. The filing carries negligible investment impact because the share reduction equals roughly 0.23% of his holdings and an immaterial fraction of RFIL’s public float.

Insights

Securities Analyst

TL;DR: Routine tax-related share withholding; immaterial to ownership structure or valuation.

Code F transactions typically represent company-withheld shares to cover taxes upon restricted-stock vesting or option exercise. Peter Yin relinquished only 277 shares, worth about $1,950, while retaining more than 118 thousand shares. No open-market selling pressure or negative signal is evident. Such small, non-discretionary adjustments rarely influence price discovery and do not alter RFIL’s insider ownership enough to affect governance or float dynamics.

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
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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^*

Yin Peter

(Last) (First) (Middle)

16868 VIA DEL CAMPO COURT

SUITE 200

(Street)

SAN DIEGO CA 92127

(City) (State) (Zip)

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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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

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

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

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	07/10/2025		F		56	D	$7.04	118,774	D
Common Stock	07/11/2025		F		78	D	$7.17	118,696	D
Common Stock	07/11/2025		F		143	D	$7.17	118,553	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/ Peter Yin	07/11/2025
	** 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.

FAQ

What insider transaction did RFIL’s CFO Peter Yin report?

He reported Code F tax-withholding transactions totaling 277 RFIL common shares on 10-11 July 2025.

How many RFIL shares does Peter Yin own after the filing?

After the transactions, he directly owns 118,553 common shares.

Were the RFIL shares sold on the open market?

No. Code F indicates shares were withheld by the company to cover tax liabilities, not open-market sales.

At what prices were the shares withheld for taxes?

Shares were valued between $7.04 and $7.17 during the withholding events.

Does the Form 4 signal bullish or bearish sentiment from the CFO?

The filing is neutral; it reflects an administrative tax action rather than an investment decision.