Form 4: Rafael Holdings CFO David Polinsky Reports Changes in Beneficial Ownership
SEC Form 4
David Polinsky, CFO of Rafael Holdings, reports a transaction involving Class B Common Stock due to tax withholding upon vesting of restricted stock.
Summary
- On March 21, 2025, David Polinsky, the Chief Financial Officer of Rafael Holdings, Inc., reported a change in beneficial ownership of the company's Class B Common Stock.
- The transaction involved the withholding of 2,378 shares by the issuer for tax purposes upon the vesting of restricted stock at a price of $1.93 per share.
- Following the transaction, Polinsky beneficially owns 193,540 shares of Class B Common Stock, consisting of 66,040 fully vested restricted shares and 127,500 unvested restricted shares that vest over time.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of transaction (tax withholding of shares). |
| 03/25/2025 | Date of signature by Power of Attorney. |
| June 21, 2025 | Start date for quarterly vesting of 6,250 shares. |
| September 23, 2025 | Date of vesting of 3,750 shares. |
| October 25, 2025 | Date of vesting of 10,000 shares. |
| January 13, 2026 | Date of vesting of 12,500 shares. |
| October 25, 2026 | Date of vesting of 10,000 shares. |
| January 13, 2027 | Date of vesting of 12,500 shares. |
| October 25, 2027 | Date of vesting of 10,000 shares. |
| January 13, 2028 | Date of vesting of 12,500 shares. |
| January 13, 2029 | Date of vesting of 12,500 shares. |
| December 21, 2026 | End date for quarterly vesting of 6,250 shares. |
Keywords
Rafael Holdings, David Polinsky, Form 4, Beneficial Ownership, Class B Common Stock, Restricted Stock, Tax Withholding, Vesting
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