Form 4: Rafael Holdings CFO David Polinsky Reports Stock Disposals for Tax Obligations

David Polinsky, CFO of Rafael Holdings, Inc., disposed of Class B Common Stock to cover tax obligations related to the vesting of restricted stock.

Summary

• On September 21, 2024, David Polinsky, the CFO of Rafael Holdings, Inc., disposed of 2,384 shares of Class B Common Stock at a price of $1.725 per share to cover tax obligations.
• Following this transaction, Polinsky directly owns 152,682 shares of Class B Common Stock.
• On September 23, 2024, Polinsky disposed of 1,431 shares of Class B Common Stock at a price of $1.725 per share for the same reason.
• Following this transaction, Polinsky directly owns 151,251 shares of Class B Common Stock.
• The remaining shares consist of vested and unvested restricted shares that vest quarterly and annually through December 2026 and October 2027.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating routine transactions. The sentiment is neutral as it reflects standard practice for covering tax obligations related to stock vesting.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock vests.

Stakeholder Impact

• The disposal of shares by the CFO may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates