Form 4: Executive Chairman of Rafael Holdings, Inc. Reports Changes in Beneficial Ownership

Howard S. Jonas, Executive Chairman of Rafael Holdings, Inc., reports a transfer of shares from a trust to direct holdings, impacting his beneficial ownership.

Summary

• On April 4, 2024, Howard S. Jonas, the Executive Chairman of Rafael Holdings, Inc., reported changes in his beneficial ownership of the company's stock.
• The changes involve a transfer of 348,259 shares of Class B Common Stock from the HSJ 2024 Rafael Annuity Trust to Jonas's direct holdings.
• Following the transaction, Jonas directly holds 563,538 shares of Class B Common Stock, including vested and unvested restricted shares.
• He also indirectly owns shares through I9 Plus, LLC (3,225,806 shares), The Jonas Foundation (98,820 shares), and Rafael A Partners, L.P. (787,163 shares of Class A Common Stock).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It's standard practice for executives and major shareholders to report changes in their holdings.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders, as it provides insight into the Executive Chairman's stake in the company.
• It is unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates