JONAS HOWARD S 4
4 · Rafael Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Rafael (RFL) 10% Owner Jonas Howard Receives 142,857 Shares
What Happened
Jonas Howard S, a 10% owner of Rafael Holdings, received a grant of 142,857 restricted shares of Class B common stock on June 13, 2026 at a $1.75 per-share grant price (total value $250,000). Simultaneously, 8,786 shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting (disposed at $2.33 per share, ~$20,471). The grant is an award/acquisition (A); the withholding is reported as a tax-related disposition (F).
Key Details
- Transaction date: June 13, 2026; Form 4 filed June 16, 2026 (appears timely).
- Grant: 142,857 shares @ $1.75 = $250,000 (code A).
- Withholding/tax disposition: 8,786 shares @ $2.33 = $20,471 (code F).
- Shares owned after the transaction (per filing footnotes): 239,228 vested Class B shares + 217,857 unvested Class B shares = 457,085 total Class B shares.
- Vesting schedule (per footnotes): the new 142,857-share grant vests in four installments — 35,715 on Sept 13, 2026 and 35,714 on each of Dec 13, 2026, Mar 13, 2027 and Jun 13, 2027. Additional previously granted unvested shares (75,000) vest 18,750 on each Jan 13 of 2027–2030.
- Footnotes: F1 = shares withheld for tax upon vesting; F3/F4 describe the specific vesting cadence; F5 notes the reporting person has sole voting and dispositive power over certain Class A shares as manager of the general partner.
Context
This filing reflects a restricted stock award (an acquisition) rather than an open-market purchase or sale. The 8,786-share disposition was a routine issuer withholding to cover taxes on vested awards, not an independent sale. As a 10% owner, Howard’s activity reflects compensation/vesting mechanics and ownership changes rather than short-term trading by an unrelated investor.
Insider Transaction Report
- Tax Payment
Class B Common Stock, $.01 par value per share
[F1][F2]2026-06-13$2.33/sh−8,786$20,471→ 314,228 total - Award
Class B Common Stock, $.01 par value per share
[F3][F4]2026-06-13$1.75/sh+142,857$250,000→ 457,085 total
- 98,820(indirect: By Foundation)
Class B Common Stock, $.01 par value per share
- 563,538(indirect: By Trust)
Class B Common Stock, $.01 par value per share
- 12,299,207(indirect: By Trust)
Class B Common Stock, $.01 par value per share
- 457,031(indirect: By Genie A Partners, L.P.)
Class B Common Stock, $.01 par value per share
- 324,219(indirect: IDT A Partners, L.P.)
Class B Common Stock, $.01 par value per share
- 787,163(indirect: By Rafael A Partners, L.P.)
Class A Common Stock, $.01 par value per share
[F5]
Footnotes (5)
- [F1]Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock.
- [F2]Consists of 239,228 vested restricted shares of Class B Common Stock and 75,000 unvested restricted shares of Class B Common Stock that shall vest as follows: 18,750 shall vest on each of January 13, 2027, January 13, 2028, January 13, 2029 and January 13, 2030.
- [F3]Grant of Restricted Stock that vests as follows: 35,715 on September 13, 2026 and 35,714 on each of December 13, 2026, March 13, 2027 and June 13, 2027.
- [F4]Consists of 239,228 vested restricted shares of Class B Common Stock and 217,857 unvested restricted shares of Class B Common Stock that shall vest as follows: 35,715 shall vest on September 13, 2026 and 35,714 shall vest on each of December 13, 2026, March 13, 2027 and June 13, 2027; 18,750 shall vest on each of January 13, 2027, January 13, 2028, January 13, 2029 and January 13, 2030.
- [F5]The Reporting Person is the sole manager of the sole general partner of the limited partnership and, therefore, has sole voting and dispositive power over the shares of Class A common stock held by the limited partnership.