SIEGER MARKUS enters RAFAEL HOLDINGS, INC. with 155.18K shares plus derivative instruments

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

Direct Derivatives

SIEGER MARKUS

Filed: 4/2/2025ACC: 0000950170-25-048965

InsiderSIEGER MARKUSCIK 1337143

→

IssuerRAFAEL HOLDINGS, INC.CIK 1713863

Director

Since Jan 2026

155.18K

Baseline shares

100% direct

155.18K

Direct ownership

1 position

35.59K

Derivative underlying

7 instruments

Security positions

All direct

Non-Derivative Holdings1

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

Direct

Shares owned155.18K

Total

155.18K direct155.18K

Security Title	Shares Owned	Ownership Type
Class B Common Stock, par value $.01 per share	155.18K	Direct
Total	155.18K	155.18K direct

Derivative Holdings7

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

2.64K

Shares owned

N/A

Exercise price

42.56

Expiration

—

Exercise window

—

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

352.00

Shares owned

N/A

Exercise price

184.41

Expiration

—

Exercise window

—

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

352.00

Shares owned

N/A

Exercise price

70.93

Expiration

—

Exercise window

—

Class B Common Stock Warrant (Right to Buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

23.22K

Shares owned

N/A

Exercise price

2.7

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Class B Common Stock

Underlying shares

1.18K

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

2.36K

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

5.49K

Shares owned

N/A

Exercise price

3.63

Expiration

—

Exercise window

—

Total

Underlying

35.59K

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	—	—	2.64K	N/A
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	184.41	—	—	352.00	N/A
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	70.93	—	—	352.00	N/A
Class B Common Stock Warrant (Right to Buy) Direct	Class B Common Stock	2.7	—	—	23.22K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	1.18K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	21.16	—	—	2.36K	N/A
Stock Option (right to buy) Direct	Class B Common Stock	3.63	—	—	5.49K	N/A
Total					35.59K	0.00