Form 4: Rafael Holdings CFO David Polinsky Reports Tax-Related Stock Disposal
SEC Form 4 Filing
David Polinsky, CFO of Rafael Holdings, Inc., reports the disposal of 3,331 Class B Common Stock shares for tax purposes following the vesting of restricted stock.
Summary
- On October 25, 2024, David Polinsky, the Chief Financial Officer of Rafael Holdings, Inc., reported a transaction involving Class B Common Stock.
- Polinsky disposed of 3,331 shares at a price of $1.84 per share to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Polinsky directly owns 147,920 shares of Class B Common Stock.
- This total includes 57,920 fully vested restricted shares and 90,000 unvested restricted shares that vest quarterly from December 21, 2024, through December 21, 2026, with additional vesting dates in September and October of subsequent years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Date of transaction: Disposal of 3,331 shares of Class B Common Stock. |
| 10/25/2024 | Earliest transaction date. |
| 12/21/2024 | First quarterly vesting date for unvested restricted shares. |
| 12/21/2026 | Last quarterly vesting date for unvested restricted shares. |
| 09/23/2025 | Additional vesting date for 3,750 shares. |
| 10/25/2025 | Additional vesting date for 10,000 shares. |
| 10/25/2026 | Additional vesting date for 10,000 shares. |
| 10/25/2027 | Additional vesting date for 10,000 shares. |
| 10/29/2024 | Date of signature by Power of Attorney. |
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