REFR · Insider Trading

Research Frontiers Inc

Every open-market purchase and sale reported by REFR officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
10
code P
Sales
8
code S
Reporting Insiders
4
current holders
REFR — Recent Form 4 Transactions (latest 2026-01-05)
FiledInsiderRole TypeSharesValue
2026-01-05 Joseph M Harary President and CEO A +65,000 deriv. —
2026-01-05 Alexander Kaganowicz Director A +45,000 deriv. —
2026-01-05 Darryl Daigle Director A +45,000 deriv. —
2025-01-02 Darryl Daigle Director A +45,000 deriv. —
2025-01-02 Joseph M Harary President and CEO A +60,000 deriv. —
2025-01-02 Eyal Peso Director A +45,000 deriv. —
2025-01-02 Michael R Lapointe VP-Marketing A +6,000 deriv. —
2025-01-02 Alexander Kaganowicz Director A +45,000 deriv. —
2024-06-17 Alexander Kaganowicz Director Buy +2,000 +$3.88K
2024-06-10 Darryl Daigle Director Buy +4,300 +$7.48K
2024-02-08 Darryl Daigle Director Buy +1,000 +$1.00K
2024-01-05 Joseph M Harary President and CEO A +60,000 deriv. —
2024-01-05 Darryl Daigle Director A +45,000 deriv. —
2024-01-05 Alexander Kaganowicz Director A +45,000 deriv. —
2024-01-05 Michael R Lapointe VP-Marketing A +6,000 deriv. —
2024-01-05 Eyal Peso Director A +45,000 deriv. —
2023-12-12 Darryl Daigle Director Buy +7,750 +$7.52K
2023-10-03 Darryl Daigle Director Buy +500 +$525
2023-09-14 Darryl Daigle Director Buy +6,950 +$9.65K
2023-06-20 Darryl Daigle Director Buy +4,700 +$7.00K
2023-06-16 Darryl Daigle Director Buy +4,400 +$7.00K
2023-02-10 Darryl Daigle Director Buy +3,500 +$7.00K
2023-01-26 Darryl Daigle Director Buy +3,500 +$7.00K
2023-01-03 Alexander Kaganowicz Director A +45,000 deriv. —
2023-01-03 Michael R Lapointe VP-Marketing A +6,000 deriv. —
2023-01-03 Darryl Daigle Director A +45,000 deriv. —
2023-01-03 Joseph M Harary President and CEO A +60,000 deriv. —
2022-01-03 Darryl Daigle Director A +40,000 deriv. —
2022-01-03 Michael R Lapointe VP-Marketing A +5,000 deriv. —
2022-01-03 William Graham Settle Director A +40,000 deriv. —
2022-01-03 Joseph M Harary President and CEO A +55,000 deriv. —
2022-01-03 Alexander Kaganowicz Director A +40,000 deriv. —
2021-01-04 Joseph M Harary President and CEO A +55,000 deriv. —
2021-01-04 Darryl Daigle Director A +40,000 deriv. —
2021-01-04 William Graham Settle Director A +40,000 deriv. —
2021-01-04 Alexander Kaganowicz Director A +40,000 deriv. —
2021-01-04 Michael R Lapointe VP-Marketing A +5,000 deriv. —
2020-08-27 Kevin Douglas 10%+ Owner Sell −570,000 −$1.23M
2020-08-11 DOUGLAS FAMILY TRUST 10%+ Owner Sell −300,000 −$1.07M
2020-07-30 Kevin Douglas 10%+ Owner Sell −300,000 −$960.00K
2020-07-21 DOUGLAS FAMILY TRUST 10%+ Owner Sell −395,856 −$1.30M
2020-07-17 Kevin Douglas 10%+ Owner Sell −114,390 −$389.80K
2020-07-15 JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST 10%+ Owner Sell −99,564 −$338.73K
2020-07-02 DOUGLAS FAMILY TRUST 10%+ Owner Sell −102,870 −$401.90K
2020-06-29 Michael R Lapointe VP-Marketing F +7,442 +$13.57K
2020-06-29 JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST 10%+ Owner Sell −633,591 −$2.82M
2020-06-02 Joseph M Harary President and CEO F +41,677 +$124.76K
2020-04-29 Alexander Kaganowicz Director A +40,000 deriv. —
2020-04-29 Darryl Daigle Director A +40,000 deriv. —
2020-04-29 Gregory George Grimes Director A +40,000 deriv. —
REFR — Current Insider Holders
InsiderRole Shares HeldValue
Joseph M Harary President and CEO 596,110 $266.58K
Darryl Daigle Director 342,592 $153.21K
Alexander Kaganowicz Director 184,128 $82.34K
Michael R Lapointe VP-Marketing 44,026 $19.69K
REFR Insider Trading FAQ
Who are the insiders at REFR?
4 officers, directors and 10%+ beneficial owners currently report holdings in REFR via SEC Form 4.
Are REFR insiders buying or selling?
Across the 50 most recent Form 4 filings for REFR, 10 were open-market purchases (code P) and 8 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is REFR insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent REFR filing is dated 2026-01-05.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the REFR quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.