Rafael Holdings (NYSE: RFL) chief granted 54,945 restricted Class B shares
Rhea-AI Filing Summary
JONAS HOWARD S reported acquisition or exercise transactions in this Form 4 filing.
Rafael Holdings executive Howard S. Jonas received a grant of 54,945 restricted Class B Common shares on July 29, 2026 at $2.73 per share. The award vests in four tranches between September 13, 2026 and June 13, 2027.
After this grant he holds 512,030 Class B shares directly, consisting of 239,228 vested and 272,802 unvested restricted shares, with additional tranches scheduled to vest through January 13, 2030. He also reports indirect holdings of Class A and Class B shares through The Jonas Foundation, multiple trusts, and limited partnerships over which he has varying degrees of control.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 54,945 shares
Net Buy
7 txns
Insider
JONAS HOWARD S
Role
Exec Chairman, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock, $.01 par value per share F1, F2 | 54,945 | $2.73 | $150K |
| 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 F3 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, $.01 par value per share — 512,030 shares (Direct);
Class B Common Stock, $.01 par value per share — 98,820 shares (Indirect, By The Jonas Foundation);
Class B Common Stock, $.01 par value per share — 563,538 shares (Indirect, By Debbie Y. Jonas 2018 Dynasty Trust);
Class B Common Stock, $.01 par value per share — 12,299,207 shares (Indirect, By HSJ 2019 Remainder Trust);
Class B Common Stock, $.01 par value per share — 457,031 shares (Indirect, By Genie A Partners, L.P.);
Class B Common Stock, $.01 par value per share — 324,219 shares (Indirect, IDT A Partners, L.P.);
Class A Common Stock, $.01 par value per share — 787,163 shares (Indirect, By Rafael A Partners, L.P.)
Footnotes (3)
- F1. Grant of Restricted Stock that vests as follows: 13,737 on September 13, 2026 and 13,736 on each of December 13, 2026, March 13, 2027 and June 13, 2027.
- F2. Consists of 239,228 vested restricted shares of Class B Common Stock and 272,802 unvested restricted shares of Class B Common Stock that shall vest as follows: 49,452 shall vest on September 13, 2026; 49,450 shall vest on each of December 13, 2026, March 13, 2027 and June 13, 2027; and 18,750 shall vest on each of January 13, 2027, January 13, 2028, January 13, 2029 and January 13, 2030.
- F3. 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.
Key Figures
Restricted Class B shares granted: 54945.0000 shares
Grant price per share: $2.7300 per share
Direct Class B holdings after grant: 512030.0000 shares
+5 more
8 metrics
Restricted Class B shares granted
54945.0000 shares
Grant of restricted Class B Common Stock on July 29, 2026
Grant price per share
$2.7300 per share
Price used for the July 29, 2026 restricted stock grant
Direct Class B holdings after grant
512030.0000 shares
Class B Common Stock held directly following the reported acquisition
Vested restricted Class B shares
239,228 shares
Portion of direct Class B holdings described as vested restricted shares
Unvested restricted Class B shares
272,802 shares
Unvested restricted Class B shares scheduled to vest between 2026 and 2030
Class B via HSJ 2019 Remainder Trust
12299207.0000 shares
Indirect Class B holdings reported through HSJ 2019 Remainder Trust
Class B via The Jonas Foundation
98820.0000 shares
Indirect Class B holdings reported through The Jonas Foundation
Class A via Rafael A Partners, L.P.
787163.0000 shares
Indirect Class A holdings where Jonas has sole voting and dispositive power
Key Terms
Restricted Stock, Dynasty Trust, Remainder Trust, dispositive power
4 terms
Restricted Stock financial
"Grant of Restricted Stock that vests as follows: 13,737 on September 13, 2026"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Dynasty Trust financial
"nature_of_ownership: By Debbie Y. Jonas 2018 Dynasty Trust"
Remainder Trust financial
"nature_of_ownership: By HSJ 2019 Remainder Trust"
dispositive power regulatory
"has sole voting and dispositive power over the shares of Class A common stock"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Howard S. Jonas report for Rafael Holdings (RFL)?
Howard S. Jonas reported a grant of 54,945 restricted Class B shares at $2.73 per share. The grant, dated July 29, 2026, is restricted stock that vests in four installments between September 13, 2026 and June 13, 2027, as disclosed in the footnotes.
What is the vesting schedule of the new restricted stock grant at Rafael Holdings (RFL)?
The new grant of 54,945 restricted Class B shares vests in four equal-time tranches. 13,737 shares vest on September 13, 2026, and 13,736 shares vest on each of December 13, 2026, March 13, 2027, and June 13, 2027, according to the disclosure.