Form 4: Rafael Holdings CEO William Conkling Reports Stock Disposal for Tax Purposes
SEC Form 4 Filing
William Conkling, CEO of Rafael Holdings, Inc., reported the disposal of 13,295 shares of Class B Common Stock to cover tax obligations upon the vesting of restricted stock.
Summary
- On June 21, 2024, William Conkling, the CEO of Rafael Holdings, Inc., disposed of 13,295 shares of Class B Common Stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock.
- The price per share was $1.455.
- Following the transaction, Conkling beneficially owns 520,749 shares.
- This total includes 146,955 shares held directly, 99,893 fully vested restricted shares, and 273,901 unvested restricted shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any strategic shift or concern regarding the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company, such as officers and directors, trade in the company's stock; this filing indicates a routine transaction for tax purposes related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of stock disposal for tax purposes. |
| 06/25/2024 | Date of signature on the Form 4 filing. |
| September 21, 2024 through September 21, 2025 | Quarterly vesting dates for 38,983 restricted shares. |
| December 21, 2025 | Vesting date for 38,986 restricted shares. |
| October 25, 2024, October 25, 2025, October 25, 2026 and October 25, 2027 | Annual vesting dates for 10,000 restricted shares each year. |
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