$REF

$15.80 -$0.20 (1.25%) Close

$REF Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 59.1M shares outstanding

Who owns REF?

By type of holder

Institutions 0.0% Insiders 100.0% Everyone else 0.0%

Concentration Top 9 holders own 22.4%

Aflalo Yael 19.8% · Borenstein Hali 2.0%

Institutional ownership

0.0%

0.0 pts vs last qtr

Institutional holders

0 vs last qtr

Net shares bought

by institutions in Q2 2026

New / sold out

0 / 0

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

No 13F manager has reported this stock in the last 8 quarters.

Biggest buyers in Q2 2026

None.

Biggest sellers in Q2 2026

None.

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Reformation Inc. in the last 12 months.

Is your stake being diluted?

There are not yet two fiscal years of reported share counts for Reformation Inc..

How patient are the owners?

No 13F manager reports holding REF.

Super Investors

Investment managers reporting REF on Form 13F

No 13F manager reports holding REF yet.

Institutional Funds

Mutual funds and ETFs reporting REF on Form N-PORT; together they hold 6.6% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
FH Federated Hermes Kaufmann Small Cap Fund Federated Hermes Equity Funds	$9.73M	600.0K	1.02%	0.34%	July 31, 2026
MN MFS New Discovery Fund MFS Series Trust I	$9.02M	630.1K	1.07%	0.42%	August 31, 2026

Federated Hermes Kaufmann Small Cap Fund

Federated Hermes Equity Funds

Position value

$9.73M

% of company

1.02%

% of the fund

0.34%

As of

July 31, 2026

MFS New Discovery Fund

MFS Series Trust I

Position value

$9.02M

% of company

1.07%

% of the fund

0.42%

As of

August 31, 2026

17 more funds behind a free account

See every fund holding Reformation Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
AY Aflalo Yael Insider	11.7M	19.75%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company19.750% Aflalo Yael's insider activity →
BH Borenstein Hali Insider	1.2M	2.02%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company2.020% Borenstein Hali's insider activity →

Aflalo Yael

Insider

11.7M

% of company

19.75%

Change vs last qtr

—

Held since

—

Borenstein Hali

Insider

1.2M

% of company

2.02%

Change vs last qtr

—

Held since

—

7 more holders behind a free account

See every insider and 5%+ holder of Reformation Inc..

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