Polinsky Files Form 4 for Rafael Holdings; Ownership Change Reported

TL;DR

**Insider David Polinsky just updated his ownership stake in Rafael Holdings.**

AI Summary

On March 21, 2026, David Polinsky, an insider at Rafael Holdings, Inc. (CIK: 0001713863), filed a Form 4 indicating a change in his beneficial ownership of the company's securities. While the filing itself doesn't detail the specific transaction (buy, sell, or grant), it signals that Polinsky's stake in Rafael Holdings has been updated. This matters to investors because insider transactions can sometimes provide clues about how those closest to the company view its future prospects, potentially influencing stock price perception.

Why It Matters

Insider transaction filings like this can signal management's confidence (or lack thereof) in the company's future, which can influence investor sentiment.

Risk Assessment

Risk Level: low — This filing is purely informational and does not inherently pose a direct financial risk, though the underlying transaction could be significant.

Analyst Insight

A smart investor would look for the specific details of the transaction (buy or sell, number of shares, price) in the full filing to understand the implications of Polinsky's ownership change for Rafael Holdings, Inc.

Key Players & Entities

• Polinsky David (person) — Reporting insider
• Rafael Holdings, Inc. (company) — Issuer of securities
• 0001726896 (person) — CIK for Polinsky David
• 0001713863 (company) — CIK for Rafael Holdings, Inc.

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 4KB
• 0001193125-26-121225.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Polinsky David (Last) (First) (Middle) C/O RAFAEL HOLDINGS, INC. 520 BROAD ST (Street) NEWARK NEW JERSEY 07102 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Rafael Holdings, Inc. [ RFL ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/21/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class B Common Stock, par value $.01 per share 03/21/2026 F 2,318 (1) D $ 1.275 301,497 (2) D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock. 2. Consists of 76,882 shares held directly, 98,365 fully vested restricted shares and 126,250 unvested restricted shares that vest as follows: 6,250 quarterly from June 21, 2026 through December 21, 2026; 10,000 on each of October 25, 2026 and October 25, 2027; 25,000 on each of January 13, 2027, January 13, 2028 and January 13, 2029; and 12,500 on January 30, 2030. Joyce J. Mason, by Power of Attorney 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR