N. Scott Fine - 14 Jul 2025 Form 3 Insider Report for Rafael Holdings, Inc. (RFL)

Reporting relationship: Director
Issuer ticker: RFL
Reported as of: 14 Jul 2025
Net transaction value: $0
SEC form: 3
Accepted by SEC: 22 Jul 2025, 15:52:38 UTC
Prior SEC filing: 05 Jun 2024
Next SEC filing: 16 Mar 2026
Source filing: View source filing
Reporting owner signature: Joyce J. Mason, by Power of Attorney

Key filing fact

N. Scott Fine filed Form 3 for Rafael Holdings, Inc. (RFL) on 22 Jul 2025.

Key facts

This page summarizes N. Scott Fine's Form 3 filing for Rafael Holdings, Inc. (RFL).
0 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 22 Jul 2025, 15:52.

Change

Previous filing in this sequence was filed on 05 Jun 2024.
Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0001163556 Primary reporting owner

FINE N SCOTT

Relationship: Director
Address: C/O RAFAEL HOLDINGS, INC., 520 BROAD STREET, NEWARK
Signature: Joyce J. Mason, by Power of Attorney
Signature date: 22 Jul 2025

Reported non-derivative transactions

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

RFL holding

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

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 335,348
Date: 14 Jul 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

RFL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 20,197
Exercise price: $21.16
Footnotes: F2

RFL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 26,403
Exercise price: $9.25
Footnotes: F2

RFL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 34,792
Exercise price: $3.63
Footnotes: F2

RFL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 93,884
Exercise price: $3.63
Footnotes: F2

RFL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 80,000
Exercise price: $1.90

RFL holding Derivative

Class B Common Stock Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 813
Exercise price: $184.10
Footnotes: F2, F3

RFL holding Derivative

Class B Common Stock Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 1,763
Exercise price: $42.56
Footnotes: F2, F3

RFL holding Derivative

Class B Common Stock Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 14 Jul 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 116,093
Exercise price: $2.70
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Consists of 331,823 shares of Class B common stock held directly by the Reporting Person and 3,525 shares of Class B common stock held jointly by the Reporting Person and his wife.

Footnote F2

The shares, options and warrants were all received in exchange for shares, options and warrants, respectively, of Cyclo Therapeutics, Inc. ("Cyclo") common stock and upon conversion of options and warrants to purchase shares of Cyclo common stock in connection with the business combination between the Issuer and Cyclo on March 25, 2025.

Footnote F3

These warrants are held jointly by the Reporting Person and his wife.

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