William Conkling - 21 Mar 2025 Form 4 Insider Report for Rafael Holdings, Inc. (RFL)

Role: Chief Executive Officer
Signature: Joyce J. Mason, by Power of Attorney
Issuer symbol: RFL
Transactions as of: 21 Mar 2025
Net transactions value: -$28,591
Form type: 4
Filing time: 25 Mar 2025, 16:39:57 UTC
Previous filing: 03 Mar 2025
Next filing: 24 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFL	Class B Common Stock, par value $.01 per share	Tax liability	$28,591	-14,814	-2.7%	$1.93	537,001	21 Mar 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock.
F2	Consists of 146,955 shares of stock held directly, 183,094 fully vested shares of Restricted Stock and 206,952 shares of unvested Restricted Stock that vest as follows: 38,983 shares to vest quarterly, June 21, 2025 through September 21, 2025, and 38,986 shares to vest on December 21, 2025; 10,000 shares to vest on each of October 25, 2025, October 25, 2026 and October 25, 2027; and 15,000 shares to vest on each of January 13, 2026, January 13, 2027, January 13, 2028 and January 13, 2029.

Content

Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock.

Consists of 146,955 shares of stock held directly, 183,094 fully vested shares of Restricted Stock and 206,952 shares of unvested Restricted Stock that vest as follows: 38,983 shares to vest quarterly, June 21, 2025 through September 21, 2025, and 38,986 shares to vest on December 21, 2025; 10,000 shares to vest on each of October 25, 2025, October 25, 2026 and October 25, 2027; and 15,000 shares to vest on each of January 13, 2026, January 13, 2027, January 13, 2028 and January 13, 2029.