GRAYSON ALAN 4

What Happened

• Grayson Alan, a director of Rafael Holdings, received an award/other acquisition of 6,562 shares of Class B common stock on January 28, 2026. The reporting Form 4 shows an acquisition price of $1.27 per share for a total reported value of $8,334. This transaction is coded as an award/grant (A) and the shares are reported as fully vested.

Key Details

• Transaction date: 2026-01-28; filing date: 2026-01-29 (timely filed).
• Price: $1.27 per share; total value reported: $8,334.
• Transaction type/code: Award/Grant (A); shares reported as fully vested at grant.
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes from the filing:
  • F1: Grant of Restricted Stock that vests in full immediately.
  • F2: $1.27 represents the average closing price of the Issuer's Class B common stock during December 2025.
  • F3: Consists of fully vested shares of Restricted Stock.

Context

• This was a compensation award (restricted stock that vested immediately), not an open-market purchase or sale. Such grants are commonly used for director compensation and do not by themselves indicate insider buying or selling intent.
• The dollar value of this award is modest (~$8.3k), so it is a relatively small director compensation item.