Every Form 4 that Rafael Holdings, Inc. (RFL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow RFL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RFL filings page.
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.
Rafael Holdings, Inc. Chief Financial Officer David Polinsky reported a routine tax-related share withholding. On the vesting of restricted stock, the company withheld 2,386 shares of Class B common stock at $2.635 per share to cover tax obligations, rather than selling shares in the open market.
After this withholding, Polinsky directly and through restricted stock holds a total of 299,111 Class B shares. This includes 76,882 shares held outright, 102,229 fully vested restricted shares, and 120,000 unvested restricted shares scheduled to vest in tranches through 2030.
Rafael Holdings, Inc. reported a new equity award and related tax withholding for its Executive Chairman, CEO and President Howard S. Jonas. On June 13, 2026, he received a grant of 142,857 shares of Class B Common Stock as restricted stock at $1.75 per share. The company withheld 8,786 Class B shares at $2.33 per share to cover tax obligations upon vesting of restricted stock, a non-market disposition. After these updates, Jonas holds 314,228 shares of Class B Common Stock directly, consisting of 239,228 vested restricted shares and 75,000 unvested restricted shares with scheduled vesting through January 2030, and also has substantial indirect holdings through partnerships, trusts and a foundation.
Rafael Holdings, Inc. Chief Financial Officer David Polinsky reported a tax-related share disposition. On the vesting of restricted stock, 2,318 shares of Class B common stock were withheld by the company to cover tax obligations, rather than being sold on the open market.
After this withholding, Polinsky directly and indirectly holds a total of 301,497 shares, consisting of 76,882 shares held directly, 98,365 fully vested restricted shares and 126,250 unvested restricted shares that vest in scheduled installments through 2030. This filing reflects routine compensation and tax treatment rather than a discretionary trade.
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.
Rafael Holdings director Markus Sieger received a grant of 29,528 shares of Class B common stock on January 28, 2026. The award was structured as restricted stock that, according to the footnotes, vests in full immediately rather than over time.
The grant was valued using an average price of $1.27 per share, based on the issuer’s December 2025 closing prices. Following this equity award, Sieger beneficially owns a total of 219,710 Class B shares, consisting of 29,528 fully vested restricted shares and 190,182 shares held directly.
Rafael Holdings director receives restricted stock grant. Director Michael J. Weiss was awarded 39,370 shares of Rafael Holdings Class B common stock on January 28, 2026, reported as an acquisition transaction.
The grant is in the form of restricted stock that vests in full immediately, meaning the shares are fully earned at the grant date. The filing values the award at an average price of $1.27 per share, based on the issuer’s average December 2025 closing price. Following this grant, Weiss directly beneficially owns 141,861 shares of Class B common stock, consisting entirely of fully vested restricted stock.
Rafael Holdings director Mark N. Stein received a grant of 39,370 shares of Class B common stock as restricted stock that vests in full immediately. The grant was effective on January 28, 2026 at a reference value of $1.27 per share, based on the average closing price during December 2025.
Following this equity award, Stein beneficially owns 50,845 shares of Rafael Holdings Class B common stock in direct ownership, all described as fully vested restricted stock.
Rafael Holdings (RFL) director Alan Grayson reported receiving a grant of 6,562 shares of Class B common stock on January 28, 2026. The filing describes this as restricted stock that vests in full immediately and is now fully vested.
The transaction is coded as an acquisition at a reference price of $1.27 per share, representing the average closing price of the Class B stock during December 2025. Following this grant, Grayson directly holds 6,562 Class B common shares.
Rafael Holdings, Inc. insider filing shows a new equity grant to its top executive. On January 13, 2026, Exec Chairman, CEO & President Howard S. Jonas, who is also a director and 10% owner, received 75,000 shares of Class B common stock as a restricted stock grant at $1.2485 per share. These shares vest in four equal installments of 18,750 shares on each of January 13, 2027, 2028, 2029 and 2030.
Following this grant, Jonas beneficially owns 332,840 Class B shares directly, consisting of 198,542 vested and 134,298 unvested restricted shares with additional vesting dates in 2026 and 2027–2030. The filing also lists substantial indirect holdings in Class B and Class A shares through The Jonas Foundation, several trusts, and limited partnerships, including Rafael A Partners, L.P., where he has sole voting and dispositive power over the Class A shares.
Rafael Holdings, Inc. Chief Financial Officer David Polinsky reported two Class B common stock transactions dated January 13, 2026. The company withheld 4,865 shares at $1.2485 per share to cover taxes upon the vesting of restricted stock. He also received a grant of 50,000 restricted shares at $1.2485 per share, which vest in stages from January 13, 2027 through January 13, 2030. After these transactions, he beneficially owns 303,815 Class B shares, consisting of 76,882 shares held directly, 94,433 fully vested restricted shares, and 132,500 unvested restricted shares scheduled to vest between March 21, 2026 and January 30, 2030.
Rafael Holdings, Inc. reported an insider equity transaction by its Chief Financial Officer. On 12/21/2025, 1,961 shares of Class B common stock were withheld by the company at a price of $1.285 per share to cover tax obligations arising from the vesting of restricted stock, as indicated by transaction code “F.”
After this tax withholding, the officer beneficially owns 258,680 shares. This consists of 76,882 shares held directly, 86,798 fully vested restricted shares and 95,000 unvested restricted shares. The unvested restricted shares are scheduled to vest in installments from January 13, 2026 through January 13, 2029, including quarterly vesting during 2026 and additional tranches in October of 2026 and 2027.
Rafael Holdings, Inc. reported that a director and 10% owner who also serves as executive chairman, CEO and president had 9,867 shares of Class B common stock withheld on 12/13/2025. These shares were retained by the company to cover taxes upon the vesting of restricted stock, at a price of $1.4975 per share.
After this tax withholding, the insider directly beneficially owns 257,840 shares of Class B common stock. This consists of 198,542 vested restricted shares and 59,298 unvested restricted shares scheduled to vest in two equal installments of 29,649 shares on March 13, 2026 and June 13, 2026. The insider also reports additional indirect holdings through several trusts and limited partnerships, including large positions such as 12,299,207 Class B shares held by the HSJ 2019 Remainder Trust.
Rafael Holdings (RFL) disclosed a Form 4 for its Chief Financial Officer. On 10/25/2025, 4,180 shares of Class B common stock were withheld for taxes upon the vesting of restricted stock, coded F, at a price of $1.35 per share.
Following this transaction, the CFO beneficially owns 260,641 shares directly. This total consists of 76,882 shares held directly, 82,509 fully vested restricted shares, and 101,250 unvested restricted shares.
The unvested restricted shares vest as follows: 6,250 quarterly from December 21, 2025 through December 21, 2026; 10,000 on each of October 25, 2026 and October 25, 2027; and 12,500 on each of January 13, 2026, January 13, 2027, January 13, 2028, and January 13, 2029.
Rafael Holdings, Inc. (RFL) Chief Financial Officer David Polinsky reported a non-open-market disposition of 1,284 Class B common shares on 09/23/2025 described as shares withheld by the issuer to satisfy tax obligations upon the vesting of restricted stock at an effective price of $1.48 per share. After this withholding, Mr. Polinsky beneficially owns 264,821 shares, consisting of 76,882 shares held directly, 76,689 fully vested restricted shares, and 111,250 unvested restricted shares with specified vesting dates through January 13, 2029. The Form 4 was signed by power of attorney on 09/25/2025.
Rafael Holdings, Inc. (RFL) Chief Financial Officer David Polinsky reported a transaction on 09/21/2025 in Class B common stock. The filing shows 1,970 shares were disposed at $1.49 per share, representing shares withheld by the issuer for tax purposes upon the vesting of restricted stock. After the reported transaction, Polinsky beneficially owns 266,105 shares, which include 76,882 shares held directly, 74,223 fully vested restricted shares, and 115,000 unvested restricted shares subject to a defined vesting schedule through January 13, 2029.
The disposition was reported on 09/22/2025 and appears to be a routine tax-withholding action tied to vesting rather than an open-market sale.