X0306 4 2018-07-10 0 0001713863 Rafael Holdings, Inc. RFL 0001034247 JONAS HOWARD S C/O RAFAEL HOLDINGS, INC. 520 BROAD STREET NEWARK NJ 07102 1 1 1 0 CHIEF EXECUTIVE OFFICER Class A Common Stock, par value $.01 per share 2018-07-10 5 J 0 E 787163 0.00 D 0 D Class A Common Stock, par value $.01 per share 2018-07-10 5 J 0 E 787163 0.00 A 787163 I By Howard S. Jonas 2017 Annuity Trust Class B Common Stock, par value $.01 per share 2018-07-10 5 J 0 E 97491 0.00 D 44315 D Class B Common Stock, par value $.01 per share 2018-07-10 5 J 0 E 97491 0.00 A 965629 I By Howard S. Jonas 2017 Annuity Trust Class B Common Stock, par value $.01 per share 2018-07-12 5 J 0 E 32711 0.00 D 11604 D Class B Common Stock, par value $.01 per share 2018-07-12 5 J 0 E 32711 0.00 A 998340 I By Howard S. Jonas 2017 Annuity Trust Class B Common Stock, par value $.01 per share 2018-08-23 5 J 0 E 225556 0.00 D 0 I By Howard S. Jonas 2014 Annuity Trust Class B Common Stock, par value $.01 per share 2018-08-23 5 J 0 E 225556 0.00 A 1223896 I By Howard S. Jonas 2017 Annuity Trust Class B Common Stock, par value $.01 per share 91058 I By Trust FBO Michael Jonas Class B Common Stock, par value $.01 per share 173439 I By Trust FBO Joseph Jonas Class B Common Stock, par value $.01 per share 172901 I By Trust FBO Tamar Jonas Class B Common Stock, par value $.01 per share 173274 I By Trust FBO Rachel Jonas Class B Common Stock, par value $.01 per share 173908 I By Trust FBO Leora Jonas Class B Common Stock, par value $.01 per share 171819 I By Trust FBO David Jonas Class B Common Stock, par value $.01 per share 173531 I By Trust FBO Samuel Jonas Class B Common Stock, par value $.01 per share 173056 I By Trust FBO Jonathan Jonas Class B Common Stock, par value $.01 per share 179700 I By Trust FBO Miriam Jonas Class B Common Stock, par value $.01 per share 778 I Custodial for Son (Joseph) Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Rachel) Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Tamar) Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Miriam) Class B Common Stock, par value $.01 per share 778 I Custodial for Son (Jonathan) Class B Common Stock, par value $.01 per share 98820 I By The Jonas Foundation The Reporting Person transferred these shares from his own direct holdings to the Howard S. Jonas 2017 Annuity Trust. These shares vest on January 5, 2019. The Reporting Person transferred these shares from the Howard S. Jonas 2014 Annuity Trust to the Howard S. Jonas 2017 Annuity Trust. These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. Mr. Jonas disclaims beneficial ownership of these shares and does not exercise or share voting or dispositive power or investment control of these shares. Joyce J. Mason by Power of Attorney 2018-09-14