David Polinsky - 29 May 2025 Form 4 Insider Report for Rafael Holdings, Inc. (RFL)

Reporting relationship: Chief Financial Officer
Issuer ticker: RFL
Reported as of: 29 May 2025
Net transaction value: +$98,409
SEC form: 4
Accepted by SEC: 30 May 2025, 13:56:44 UTC
Prior SEC filing: 25 Mar 2025
Next SEC filing: 24 Jun 2025
Source filing: View source filing
Reporting owner signature: Joyce J. Mason, by Power of Attorney

Key filing fact

David Polinsky filed Form 4 for Rafael Holdings, Inc. (RFL) on 30 May 2025.

Key facts

This page summarizes David Polinsky's Form 4 filing for Rafael Holdings, Inc. (RFL).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 May 2025, 13:56.

Change

Previous filing in this sequence was filed on 25 Mar 2025.
Current net transaction value: +$98,409.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001726896 Primary reporting owner

Polinsky David

Relationship: Chief Financial Officer
Address: C/O RAFAEL HOLDINGS, INC., 520 BROAD ST, NEWARK
Signature: Joyce J. Mason, by Power of Attorney
Signature date: 30 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RFL transaction

Class B Common Stock, par value $.01 per share

Exercise of in-the-money or at-the-money derivative security

Transaction value: $98,409
Shares: +76,882
Change %: +40%
Price: $1.28
Shares after: 270,422
Date: 29 May 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RFL transaction Derivative

Class B Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -76,882
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 29 May 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 76,882
Exercise price: $1.28

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents the exercise of subscription rights in the Issuer's Rights Offering.

Footnote F2

Consists of 76,882 shares held directly, 66,040 fully vested restricted shares and 127,500 unvested restricted shares that vest as follows: 6,250 quarterly from June 21, 2025 through December 21, 2026; 3,750 on September 23, 2025; 10,000 on each of October 25, 2025, 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.