| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Rafael Holdings, Inc. [ RFL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/13/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 06/13/2024 | A | 159,016(1) | A | $0 | 722,554(2) | D | |||
| Class B Common Stock, par value $.01 per share | 06/14/2024 | J(3) | 376,111 | D | $0 | 346,443(4) | D | |||
| Class B Common Stock, par value $.01 per share | 06/14/2024 | J(3) | 376,111 | A | $0 | 376,111 | I | By Wife | ||
| Class B Common Stock, par value $.01 per share | 06/17/2024 | J(3) | 187,427 | D | $0 | 159,016(5) | D | |||
| Class B Common Stock, par value $.01 per share | 06/17/2024 | J(3) | 187,427 | A | $0 | 563,538 | I | By Wife | ||
| Class B Common Stock, $.01 par value per share | 3,225,806 | I | By I9 Plus, LLC(6) | |||||||
| Class B Common Stock, $.01 par value per share | 98,820 | I | By The Jonas Foundation | |||||||
| Class A Common Stock, $.01 par value per share | 787,163 | I | Rafael A Partners, L.P.(7) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 a grant of restricted shares of stock, 39,754 shares of which shall vest on each of September 13, 2024, December 13, 2024, March 13, 2025 and June 13, 2025. |
| 2. Consists of 348,259 shares of stock held directly, 215,279 vested restricted shares of stock, and 159,016 unvested restricted shares of stock vesting as follows: 39,754 shares on each of September 13, 2024, December 13, 2024, March 13, 2025 and June 13, 2025. |
| 3. Transfer from the Reporting Person to his wife. |
| 4. Consists of 187,427 vested restricted shares of stock and 159,016 unvested restricted shares of stock vesting as follows: 39,754 shares on each of September 13, 2024, December 13, 2024, March 13, 2025 and June 13, 2025. |
| 5. Consists of 159,016 unvested restricted shares of stock vesting as follows: 39,754 shares on each of September 13, 2024, December 13, 2024, March 13, 2025 and June 13, 2025. |
| 6. Owned by trusts for the benefit of the Reporting Person's children and managed by Reporting Person's immediate family member. |
| 7. 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. |
| Joyce J. Mason, by Power of Attorney | 06/17/2024 | |
| ** 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. | ||