FINE JOSHUA M enters RAFAEL HOLDINGS, INC. with 9.38K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

FINE JOSHUA M

Filed: 8/11/2025ACC: 0000950170-25-106341

InsiderFINE JOSHUA MCIK 1779940

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IssuerRAFAEL HOLDINGS, INC.CIK 1713863

Officer· Chief Operations Officer

Since Aug 2025

9.38K

Baseline shares

100% direct

9.38K

Direct ownership

1 position

137.88K

Derivative underlying

5 instruments

Security positions

All direct

Non-Derivative Holdings1

Class B Common Stock, $.01 par value per share

Direct

Shares owned9.38K

Total

9.38K direct9.38K

Security Title	Shares Owned	Ownership Type
Class B Common Stock, $.01 par value per share	9.38K	Direct
Total	9.38K	9.38K direct

Derivative Holdings5

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

8.39K

Shares owned

N/A

Exercise price

21.16

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

11K

Shares owned

N/A

Exercise price

9.25

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

65K

Shares owned

N/A

Exercise price

1.0

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

39.03K

Shares owned

N/A

Exercise price

3.63

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

14.46K

Shares owned

N/A

Exercise price

3.63

Expiration

—

Exercise window

—

Total

Underlying

137.88K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (right to buy) Direct	Class B Common Stock	21.16	—	—	8.39K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	9.25	—	—	11K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	1.0	—	—	65K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	39.03K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	14.46K	N/A
Total					137.88K	0.00