[Form 4] Rafael Holdings, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rafael Holdings, Inc. executive chairman, CEO and president Howard S. Jonas reported a Form 4 showing 9,826 shares of Class B common stock withheld by the company at $1.5025 per share to cover taxes upon the vesting of restricted stock. This is recorded as a tax-withholding disposition rather than an open-market trade.
After this event, he directly holds 323,014 Class B shares, consisting of 218,365 vested restricted shares and 104,649 unvested restricted shares that are scheduled to vest in tranches through 2030. He also reports substantial indirect holdings through entities including The Jonas Foundation, the Debbie Y. Jonas 2018 Dynasty Trust, the HSJ 2019 Remainder Trust, and several limited partnerships.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
JONAS HOWARD S
Role
Exec Chairman, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock, $.01 par value per share | 9,826 | $1.5025 | $15K |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class A Common Stock, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, $.01 par value per share — 323,014 shares (Direct);
Class B Common Stock, $.01 par value per share — 98,820 shares (Indirect, By The Jonas Foundation);
Class A Common Stock, $.01 par value per share — 787,163 shares (Indirect, By Rafael A Partners, L.P.)
Footnotes (1)
- Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock. Consists of 218,365 vested restricted shares of Class B Common Stock and 104,649 unvested restricted shares of Class B Common Stock that shall vest as follows: 18,750 shall vest on each of January 13, 2027, January 13, 2028, January 13, 2029 and January 13, 2030; and 29,649 shares shall vest on June 13, 2026. The Reporting Person is the sole manager of the sole general partner of the limited partnership and, therefore, has sole voting and dispositive power over the shares of Class A common stock held by the limited partnership.
