Form 4: Rafael Holdings CEO William Conkling Reports Share Disposal for Tax Purposes
SEC Form 4 Filing
William Conkling, CEO of Rafael Holdings, reports the disposal of shares to cover tax obligations upon the vesting of restricted stock.
Summary
- On October 25, 2024, William Conkling, the CEO of Rafael Holdings, Inc. (RFL), disposed of 3,431 shares of Class B Common Stock at a price of $1.84 per share to cover tax obligations.
- This transaction was a result of shares being withheld by the issuer for tax purposes upon the vesting of restricted stock.
- Following the transaction, Conkling beneficially owns 504,622 shares, including directly held shares, fully vested restricted stock, and unvested restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Date of the transaction where shares were disposed of for tax purposes. |
| 10/25/2024 | Vesting date for 10,000 restricted shares. |
| 10/25/2026 | Vesting date for 10,000 restricted shares. |
| 10/25/2027 | Vesting date for 10,000 restricted shares. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
| 12/21/2024 | Quarterly vesting date for 38,983 restricted shares. |
| 09/21/2025 | Quarterly vesting date for 38,983 restricted shares. |
| 12/21/2025 | Vesting date for 38,986 restricted shares. |
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