Form 4: Rafael Holdings CFO David Polinsky Reports Stock Transaction
SEC Form 4 Filing
David Polinsky, CFO of Rafael Holdings, reports the withholding of shares for tax purposes following the vesting of restricted stock.
Summary
- On March 21, 2024, David Polinsky, the Chief Financial Officer of Rafael Holdings, Inc., had 2,300 Class B Common Stock shares withheld by the issuer for tax purposes at a price of $1.705 per share.
- Following the transaction, Polinsky beneficially owns 157,362 shares of Class B Common Stock.
- This includes 41,112 fully vested restricted shares and 116,250 unvested restricted shares that vest quarterly and annually through December 2027.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax withholding on vested stock, so it's neutral in 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 stock holdings and recent tax-related transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the CFO's stock ownership and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of stock transaction (tax withholding) |
| 03/25/2024 | Date of Form 4 signature |
| 06/21/2024 | First quarterly vesting date for some restricted shares |
| 09/23/2024 | First annual vesting date for some restricted shares |
| 10/25/2024 | First annual vesting date for some restricted shares |
| 12/21/2026 | Last quarterly vesting date for some restricted shares |
| 10/25/2027 | Last annual vesting date for some restricted shares |
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