RFL.NYSERafael Holdings, INC

Form 4: Rafael Holdings CFO David Polinsky Reports Share Transaction

Sentiment:

SEC Form 4

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David Polinsky, CFO of Rafael Holdings, Inc., reports the disposal of shares for tax purposes following the vesting of restricted stock.

Summary

  • On June 21, 2024, David Polinsky, the Chief Financial Officer of Rafael Holdings, Inc., reported a transaction involving Class B Common Stock.
  • The transaction involved the disposal of 2,296 shares to cover tax obligations related to the vesting of restricted stock at a price of $1.455 per share.
  • Following the transaction, Polinsky directly owns 155,066 shares of Class B Common Stock, including 45,066 fully vested and 110,000 unvested restricted shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's share disposal to cover tax obligations, which is a common practice.

Stakeholder Impact

  • The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates

DateDescription
06/21/2024Date of the share transaction.
06/25/2024Date of signature on the Form 4 filing.
09/21/2024First quarterly vesting date for unvested restricted shares.
12/21/2026Last quarterly vesting date for unvested restricted shares.
09/23/2024Vesting date for 3,750 shares.
09/23/2025Vesting date for 3,750 shares.
10/25/2024Vesting date for 10,000 shares.
10/25/2025Vesting date for 10,000 shares.
10/25/2026Vesting date for 10,000 shares.
10/25/2027Vesting date for 10,000 shares.

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