Form 4: Rafael Holdings Executive Chairman Transfers Shares to Marital Trust

Executive Chairman Howard S. Jonas transferred shares of Rafael Holdings Class B Common Stock to the Debbie Y. Jonas 2018 Marital Trust.

Summary

• Howard S. Jonas, Executive Chairman of Rafael Holdings, Inc., reported a transaction involving Class B Common Stock.
• On June 26, 2024, shares were transferred from Mr. Jonas' wife's direct holdings to the Debbie Y. Jonas 2018 Marital Trust.
• The transfer involved 563,538 shares of Class B Common Stock.
• Following the transaction, Mr. Jonas indirectly owns 563,538 shares through the Debbie Y. Jonas 2018 Marital Trust.
• Mr. Jonas also indirectly owns shares through The Jonas Foundation (98,820 shares), I9 Plus, LLC (3,225,806 shares), and Rafael A Partners, L.P. (787,163 shares of Class A Common Stock).
• He directly owns 159,016 unvested restricted shares of stock vesting in four tranches.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation and estate planning. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend.

Related Party Transactions

• The transfer of shares to the Debbie Y. Jonas 2018 Marital Trust is a related party transaction.

Stakeholder Impact

• The transaction itself is unlikely to have a direct impact on stakeholders.

Key Dates