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Reformation

US · REF #3435 by market cap Listed 2026
12.95 -0.14 -1.03%
Live - 5344 symbols - heartbeat 32s ago · 2026-10-08 09:56
After-hours 13.01 -0.52%
Market cap
764.78M
P/B
2.03
EPS
0.21
Reader sentiment Are you bullish or bearish on REF?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Ownership Signal how this is computed

Distributing
  • The number of reporting institutions increased by 16 in the most recent period (2026/Q3).
  • Total institutional ownership fell 4.0 percentage points.

Institutional ownership

Held by institutions
60.39% -4.03pp
Institutions
17 +16
As of
2026/Q3 vs. prior period

Ownership vs. money flow

Diverging

Institutions trimmed shares last reporting period, and the stock has seen net inflows in main-fund flow over the last 20 trading sessions - the two are pointing in different directions.

Institutional ownership changes are reported quarterly with a lag; fund-flow data is daily. Treat this as a directional cross-check, not a precise timing signal.

Holder types

VC/PE Fund52.08%
Individual/Insider23.70%
Mutual Fund8.31%
Other15.91%

Top holders as of 2026-09-01

Permira Advisers Ltd. 48.99% · 28.94M sh
Yael Aflalo 23.47% · 13.86M sh
Stripes, LLC 3.10% · 1.83M sh
FMR 1.56% · 921.10K sh
Loomis, Sayles & Company L.P. 1.17% · 688.62K sh
Federated Hermes, Inc. 1.02% · 605.07K sh
Franklin Resources 0.93% · 551.70K sh
Westfield Capital Management Company, L.P. 0.89% · 524.33K sh
BlackRock 0.84% · 494.36K sh
AllianceBernstein 0.68% · 404.50K sh

Bar length is relative to the largest holder shown here, not to 100% of the company.

Insiders

29 filings tracked · 12 buys · 7 sells

NameRoleStake
Permira Advisers Ltd. -- 48.99%
Yael Aflalo Director 23.47%
Hali Borenstein Chief Executive Officer 0.10%
John Coyle Independent Director 0.10%
Ivan Tchakarov Chief Operating Officer 0.03%
Steve Miller Independent Director --
Stacey Rauch Independent Director --
Joshua Moore Chief Financial Officer --
Brigitte Kleine Independent Director --
Zipporah Allen Independent Director --

Insider transactions most recent Form 4 filings

DateNameRoleTypeSharesPrice
2026-08-31 Permira Advisers Ltd. -- Private Disposition -149,596 $13.95
2026-08-31 Yael Aflalo Director Private Disposition -60,298 $13.95
2026-07-30 Permira Advisers Ltd. -- Private Disposition -2,987,199 $13.95
2026-07-30 Hali Borenstein Chief Executive Officer Sale to Issuer -170,876 $13.95
2026-07-30 Ivan Tchakarov Chief Operating Officer Derivative Sale to Issuer -49,161 $13.95
2026-07-28 Steve Miller Independent Director Other Acquisition +9,333 --
2026-07-28 Steve Miller Independent Director Initial Statement of Beneficial 0 --
2026-07-28 John Coyle Independent Director Other Acquisition +9,333 --
2026-07-28 John Coyle Independent Director Initial Statement of Beneficial 0 --
2026-07-28 Stacey Rauch Independent Director Other Acquisition +9,333 --
2026-07-28 Joshua Moore Chief Financial Officer Other Acquisition +256,999 --
2026-07-28 Joshua Moore Chief Financial Officer Other Derivative Acquisition +58,831 $15.00
2026-07-28 Joshua Moore Chief Financial Officer Initial Statement of Beneficial 0 --
2026-07-28 Hali Borenstein Chief Executive Officer Other Acquisition +300,000 --
2026-07-28 Hali Borenstein Chief Executive Officer Other Acquisition +833,332 --
2026-07-28 Hali Borenstein Chief Executive Officer Derivative Sale to Issuer -538,410 $13.95
2026-07-28 Hali Borenstein Chief Executive Officer Other Derivative Acquisition +294,155 $15.00
2026-07-28 Hali Borenstein Chief Executive Officer Initial Statement of Beneficial 0 --
2026-07-28 Yael Aflalo Director Private Disposition -1,204,029 $13.95
2026-07-28 Yael Aflalo Director Initial Statement of Beneficial 0 --

Form 4 filings, most recent per company. "Other Derivative Acquisition" rows are mostly RSU/option vesting, not open-market buying - the Type column says which.

Quote time 2026-10-08 09:56:49 · For reference only, not investment advice and not tailored to your situation.