Form 4: Rafael Holdings CFO David Polinsky Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Polinsky, CFO of Rafael Holdings, reports changes in beneficial ownership due to shares withheld for tax purposes upon vesting of restricted stock.
Summary
- On December 21, 2024, Rafael Holdings' CFO, David Polinsky, reported a change in beneficial ownership of Class B Common Stock.
- The transaction involved 2,002 shares withheld by the issuer for tax purposes upon the vesting of restricted stock at a price of $1.835 per share.
- Following the transaction, Polinsky beneficially owns 145,918 shares.
- This total includes 62,168 fully vested restricted shares and 83,750 unvested restricted shares that vest quarterly from March 21, 2024, through December 21, 2026, with additional vesting dates in September and October of 2025, 2026 and 2027.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/21/2024 | Date of transaction: shares withheld for tax purposes. |
| 03/21/2024 | Start date for quarterly vesting of restricted shares. |
| 09/23/2025 | Additional vesting date for restricted shares. |
| 10/25/2025 | Additional vesting date for restricted shares. |
| 10/25/2026 | Additional vesting date for restricted shares. |
| 10/25/2027 | Additional vesting date for restricted shares. |
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