Reformation REF Insider Ownership

NYSE REF
$18.02 +1.17 (+6.94%)
As of: Nov 6, 2026 · 3:59 PM EST

Insider Holdings by Owner

42.57Mn Shares
Scsp Refo28.94Mn68.0%
Yael Aflalo11.67Mn27.4%
Hali Borenstein1.13Mn2.7%
Joshua Moore324.78K0.8%
John Joseph Coyle266.31K0.6%
Other insiders (5)238.14K0.6%

Insider Ownership Statistics

as of 30 Sep, 2026
Insider Ownership
85.49%
Shares Held by Insiders
42.57Mn
filed for Sep 2026
Shares Outstanding
49.79Mn
49,793,037 shares
Direct Holdings
30.90Mn
Indirect: 11.67Mn
Net Open-Market Trades
-4.20Mn
net sold · -$58.34Mn in Sep 2026
Insiders Holding Shares
10
with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding
Latest —
Average ownership —
Peak ownership —

Open-Market Insider Trades

Bought Sold
Latest quarter —
Net over range —
Net-buying quarters —

Insider Ownership Summary

Over the past year, REF insiders bought $3.06 million of stock (203.7K shares) and sold $61.4 million (4.4Mn shares) on the open market.

Form 4 Holdings

Insiders Holding REF

Insiders 10
Shares held 42.57Mn
Of outstanding 85.49%
# Insider Position Direct Indirect Total Share of Insiders Last Filed
1 Scsp Refo TenPercentOwner 28,942,153 0 28,942,153 68.0% 03 Sep, 2026
2 Yael Aflalo Director, TenPercentOwner 0 11,665,505 11,665,505 27.4% 03 Sep, 2026
3 Hali Borenstein Ceo And President 1,133,332 0 1,133,332 2.7% 31 Jul, 2026
4 Joshua Moore Chief Financial Officer 324,781 0 324,781 0.8% 31 Jul, 2026
5 John Joseph Coyle Director 266,313 0 266,313 0.6% 09 Oct, 2026
6 Ivan Tchakarov Chief Operating Officer 186,835 0 186,835 0.4% 31 Jul, 2026
7 Steven Clive Miller Director 19,607 0 19,607 0.0% 31 Jul, 2026
8 Zipporah Allen Director 12,833 0 12,833 0.0% 09 Oct, 2026
9 Brigitte Kleine Director 9,533 0 9,533 0.0% 09 Oct, 2026
10 Stacey Rauch Director 9,333 0 9,333 0.0% 31 Jul, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

27 Insider Transactions

Source SEC Form 4
Latest quarter Sep 2026
Download Data
Date Insider Position Transaction Shares Price Value Shares Held After Ownership
31 Jul, 2026 Zipporah Allen Director Acquired P 3,500 $15.00 $52.50K 12,833 Direct
31 Jul, 2026 Brigitte Kleine Director Acquired P 200 $15.00 $3.00K 9,533 Direct
31 Jul, 2026 John Joseph Coyle Director Acquired P 200,000 $15.00 $3.00Mn 266,313 Direct
01 Sep, 2026 Yael Aflalo Director, TenPercentOwner Disposed S 60,298 $13.95 $841.16K 11,665,505 Indirect
01 Sep, 2026 Scsp Refo TenPercentOwner Disposed S 149,596 $13.95 $2.09Mn 28,942,153 Direct
31 Jul, 2026 Scsp Refo TenPercentOwner Disposed S 2,987,199 $13.95 $41.67Mn 29,091,749 Direct
29 Jul, 2026 Hali Borenstein Ceo And President Acquired A 300,000 $0.00 $0 470,876 Direct
29 Jul, 2026 Joshua Moore Chief Financial Officer Acquired A 14,666 $0.00 $0 82,448 Direct
29 Jul, 2026 Steven Clive Miller Director Acquired A 9,333 $0.00 $0 19,607 Direct
29 Jul, 2026 John Joseph Coyle Director Acquired A 9,333 $0.00 $0 66,313 Direct
29 Jul, 2026 Yael Aflalo Director, TenPercentOwner Disposed S 1,204,029 $13.95 $16.80Mn 11,725,803 Indirect
29 Jul, 2026 Stacey Rauch Director Acquired A 9,333 $0.00 $0 9,333 Direct
29 Jul, 2026 Brigitte Kleine Director Acquired A 9,333 $0.00 $0 9,333 Direct
29 Jul, 2026 Zipporah Allen Director Acquired A 9,333 $0.00 $0 9,333 Direct
29 Jul, 2026 Ivan Tchakarov Chief Operating Officer Acquired A 133,333 $0.00 $0 153,502 Direct
29 Jul, 2026 Ivan Tchakarov Chief Operating Officer Acquired A 33,333 $0.00 $0 186,835 Direct
29 Jul, 2026 Hali Borenstein Ceo And President Acquired A 666,666 $0.00 $0 1,137,542 Direct
29 Jul, 2026 Joshua Moore Chief Financial Officer Acquired A 160,000 $0.00 $0 242,448 Direct
29 Jul, 2026 Joshua Moore Chief Financial Officer Acquired A 82,333 $0.00 $0 324,781 Direct
29 Jul, 2026 Ivan Tchakarov Chief Operating Officer Acquired A 58,831 $0.00 $0 58,831 Direct