William Conkling - 21 Dec 2023 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 Dec 2023
Net transactions value: +$24,756
Form type: 4
Filing time: 26 Dec 2023, 14:23:17 UTC
Previous filing: 30 Nov 2023
Next filing: 15 Feb 2024
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	$24,756	+13,602	+2.5%	$1.82	549,517	21 Dec 2023	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 vesting of Restricted Stock.
F2	Consists of 146,955 shares of stock held directly, 50,695 fully vested shares of Restricted Stock and 351,867 shares of unvested Restricted Stock that vest as follows: 38,983 shares to vest quarterly, March 21, 2024 through September 21, 2025, and 38,986 shares to vest on December 21, 2025; and 10,000 shares to vest on each of October 25, 2024, October 25, 2025, October 25, 2026 and October 25, 2027.

Content

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

Consists of 146,955 shares of stock held directly, 50,695 fully vested shares of Restricted Stock and 351,867 shares of unvested Restricted Stock that vest as follows: 38,983 shares to vest quarterly, March 21, 2024 through September 21, 2025, and 38,986 shares to vest on December 21, 2025; and 10,000 shares to vest on each of October 25, 2024, October 25, 2025, October 25, 2026 and October 25, 2027.