X0306 4 2019-08-07 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 B Common Stock, par value $.01 per share 2019-08-07 4 J 0 1849749 8.47 A 4339449 I By Howard S. Jonas 2017 Annuity Trust Class B Common Stock, par value $.01 per share 91057 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 172902 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 173909 I By Trust FBO Leora Jonas Class B Common Stock, par value $.01 per share 171820 I By Trust FBO David Jonas Class B Common Stock, par value $.01 per share 173532 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 179701 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 Class B Common Stock, par value $.01 per share 1701 I By IDT Corporation's 401(k) Plan Class A Common Stock, par value $.01 per share 787163 I By Howard S. Jonas 2017 Annuity Trust The Howard S. Jonas 2017 Annuity Trust, for which the Reporting Person serves as Trustee, acquired these shares upon the Company's conversion of a $15 million Promissory Note. 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. As of July 31, 2019. Joyce J. Mason by Power of Attorney 2019-08-08