FINE N SCOTT

PrivateCIK: 1163556

Location

NEW YORK, NY

FINE N SCOTT enters RAFAEL HOLDINGS, INC. with 335.35K shares plus derivative instruments

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

Direct Derivatives

FINE N SCOTT

Filed: 7/22/2025ACC: 0000950170-25-097556

InsiderFINE N SCOTTCIK 1163556

→

IssuerRAFAEL HOLDINGS, INC.CIK 1713863

Director

Since Jul 2025

335.35K

Baseline shares

100% direct

335.35K

Direct ownership

1 position

373.94K

Derivative underlying

8 instruments

1

Security positions

All direct

Non-Derivative Holdings1

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

Direct

Shares owned335.35K

Total

335.35K direct335.35K

Security Title	Shares Owned	Ownership Type
Class B Common Stock, par value $.01 per share	335.35K	Direct
Total	335.35K	335.35K direct

Derivative Holdings8

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

1.76K

Shares owned

N/A

Exercise price

42.56

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

26.40K

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

93.88K

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

34.79K

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

80K

Shares owned

N/A

Exercise price

1.90

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

20.20K

Shares owned

N/A

Exercise price

21.16

Expiration

—

Exercise window

—

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

813.00

Shares owned

N/A

Exercise price

184.1

Expiration

—

Exercise window

—

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

116.09K

Shares owned

N/A

Exercise price

2.70

Expiration

—

Exercise window

—

Total

Underlying

373.94K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	42.56	—	—	1.76K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	9.25	—	—	26.40K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	93.88K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	34.79K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	1.90	—	—	80K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	21.16	—	—	20.20K	N/A
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	184.1	—	—	813.00	N/A
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	2.70	—	—	116.09K	N/A
Total					373.94K	0.00

FINE N SCOTT — Initial Ownership Disclosure (Form 3) Filed Jul 22, 2025 | Finecho