REFRNasdaqPatent Owners & LessorsFiscal year ends December 31
RESEARCH FRONTIERS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$0.52−0.04 (-7.07%)
Close on Oct 19, 2026
- Market cap
- $18.15M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
10.5%
4M of 35M shares
Institutional holders
34
4 new, 5 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Morgan Stephen L. | 2,328,690 | 6.90% | 13G (passive) | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of REFR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Mgo One Seven LLC | 886,602 | 2.54% | $461.03K | −31,580 | 0.01% |
| Vanguard Capital Management LLC | 580,654 | 1.67% | $301.94K | +12,500 | 0.00% |
| BlackRock, Inc. | 532,542 | 1.53% | $276.92K | −75,856 | 0.00% |
| Focus Partners Wealth | 496,422 | 1.42% | $258.14K | – | 0.00% |
| Geode Capital Management, LLC | 305,847 | 0.88% | $159.09K | +3,086 | 0.00% |
| Vanguard Fiduciary Trust Co | 177,030 | 0.51% | $92.06K | – | 0.00% |
| Susquehanna International Group, Llp | 155,066 | 0.44% | $80.64K | −1,720 | 0.00% |
| State Street Corp | 105,623 | 0.30% | $54.92K | – | 0.00% |
| Shufro Rose & Co LLC | 97,500 | 0.28% | $50.70K | – | 0.00% |
| Northern Trust Corp | 52,630 | 0.15% | $27.37K | – | 0.00% |
| Renaissance Technologies LLC | 40,789 | 0.12% | $21.21K | −27,511 | 0.00% |
| Hm Payson & Co | 20,000 | 0.06% | $10.40K | – | 0.00% |
| FreeGulliver LLC | 20,000 | 0.06% | $10.40K | – | 0.00% |
| TCTC Holdings, LLC | 20,000 | 0.06% | $10.40K | New | 0.00% |
| Raymond James Financial Inc | 17,880 | 0.05% | $9.30K | – | 0.00% |
| XTX Topco Ltd | 17,504 | 0.05% | $9.10K | −15,466 | 0.00% |
| Kingsview Wealth Management, LLC | 17,150 | 0.05% | $8.92K | −27,800 | 0.00% |
| CGN Advisors LLC | 14,350 | 0.04% | $7.46K | New | 0.00% |
| Buckingham Strategic Partners | 14,091 | 0.04% | $7.33K | – | 0.00% |
| Mercer Global Advisors Inc /Adv | 14,000 | 0.04% | $7.28K | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 34 | 4M | 10.5% | 4 / 6 | 8 / 5 | 0M | 0M |
| Q1 2026 | 35 | 4M | 11.0% | 9 / 6 | 7 / 8 | 1M | 0M |
| Q4 2025 | 35 | 4M | 11.4% | 9 / 10 | 8 / 4 | 0M | 1M |
| Q3 2025 | 30 | 4M | 12.1% | 3 / 7 | 6 / 3 | 0M | 0M |
| Q2 2025 | 30 | 4M | 12.6% | 2 / 7 | 8 / 5 | 0M | 0M |
| Q1 2025 | 33 | 5M | 13.0% | 6 / 6 | 8 / 2 | 1M | 1M |
| Q4 2024 | 30 | 5M | 14.7% | 5 / 7 | 7 / 4 | 2M | 0M |
| Q3 2024 | 30 | 3M | 9.2% | 4 / 8 | 8 / 4 | 1M | 1M |
| Q2 2024 | 31 | 4M | 11.9% | 4 / 9 | 6 / 6 | 0M | 0M |
| Q1 2024 | 34 | 4M | 11.9% | 5 / 3 | 12 / 5 | 1M | 0M |
| Q4 2023 | 35 | 3M | 9.6% | 3 / 9 | 12 / 6 | 0M | 0M |
| Q3 2023 | 38 | 3M | 9.7% | 2 / 4 | 17 / 3 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of REFR | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 288,587 | 0.83% | $150.07K | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 282,644 | 0.81% | $146.97K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 141,992 | 0.41% | $109.33K | 0.00% | May 31, 2026 |
| Fidelity Total Market Index Fund | 55,690 | 0.16% | $42.88K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 39,129 | 0.11% | $30.13K | 0.00% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 10,936 | 0.03% | $8.42K | 0.00% | May 31, 2026 |
| Vanguard Balanced Index Fund | 9,423 | 0.03% | $4.90K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Joseph M. Harary | President and CEO, Director | 576,524 | 1.65% | Jan 5, 2026 |
| Michael R. Lapointe | VP-Marketing | 39,785 | 0.11% | Jan 2, 2025 |
| Darryl Daigle | Director | 455,945 | 1.31% | Jan 5, 2026 |
| Alexander Kaganowicz | Director | 184,128 | 0.53% | Jan 5, 2026 |
| Eyal Peso | Director | 1,838,824 | 5.27% | Jan 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Alexander Kaganowicz Director | Jun 14, 2024 | Buy | +2,000 | $1.94 | $3.88K | 164,923 |
| Darryl Daigle Director, 10% owner | Jun 7, 2024 | Buy | +4,300 | $1.74 | $7.48K | 33,926 |
| Darryl Daigle Director | Feb 7, 2024 | Buy | +1,000 | $1.00 | $1.00K | 4,269 |
| Darryl Daigle Director | Dec 11, 2023 | Buy | +7,750 | $0.97 | $7.52K | 217,192 |
| Darryl Daigle Director | Oct 2, 2023 | Buy | +500 | $1.05 | $525 | 3,269 |
| Darryl Daigle Director | Sep 13, 2023 | Buy | +5,350 | $1.40 | $7.49K | 75,158 |
| Darryl Daigle Director | Sep 13, 2023 | Buy | +1,600 | $1.35 | $2.16K | 209,442 |
| Darryl Daigle Director | Jun 16, 2023 | Buy | +4,700 | $1.49 | $7.00K | 207,842 |
| Darryl Daigle Director | Jun 15, 2023 | Buy | +4,400 | $1.59 | $7.00K | 129,400 |
| Darryl Daigle Director | Feb 9, 2023 | Buy | +3,500 | $2.00 | $7.00K | 203,142 |
| Darryl Daigle Director | Jan 25, 2023 | Buy | +3,500 | $2.00 | $7.00K | 25,226 |
| Family Trust Douglas 10% owner | Aug 25, 2020 | Sale | −95,000 | $2.16 | $205.20K | 1,426,663 |
| Family Trust Douglas 10% owner | Aug 25, 2020 | Sale | −57,000 | $2.16 | $123.12K | 855,997 |
| Family Trust Douglas 10% owner | Aug 25, 2020 | Sale | −38,000 | $2.16 | $82.08K | 570,667 |
| Kevin Douglas 10% owner | Aug 7, 2020 | Sale | −50,000 | $3.56 | $178.00K | 1,521,663 |
| Kevin Douglas 10% owner | Aug 7, 2020 | Sale | −20,000 | $3.56 | $71.20K | 608,667 |
| Kevin Douglas 10% owner | Aug 7, 2020 | Sale | −30,000 | $3.56 | $106.80K | 912,997 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 28, 2020 | Sale | −50,000 | $3.20 | $160.00K | 1,571,663 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 28, 2020 | Sale | −20,000 | $3.20 | $64.00K | 628,667 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 28, 2020 | Sale | −30,000 | $3.20 | $96.00K | 942,997 |
| Kevin Douglas 10% owner | Jul 20, 2020 | Sale | −31,212 | $3.28 | $102.38K | 972,997 |
| Kevin Douglas 10% owner | Jul 20, 2020 | Sale | −52,020 | $3.28 | $170.63K | 1,621,663 |
| Kevin Douglas 10% owner | Jul 20, 2020 | Sale | −20,808 | $3.28 | $68.25K | 648,667 |
| Kevin Douglas 10% owner | Jul 17, 2020 | Sale | −13,956 | $3.29 | $45.92K | 1,673,683 |
| Kevin Douglas 10% owner | Jul 17, 2020 | Sale | −8,374 | $3.29 | $27.55K | 1,004,209 |
| Kevin Douglas 10% owner | Jul 17, 2020 | Sale | −5,582 | $3.29 | $18.36K | 669,475 |
| Family Trust Douglas 10% owner | Jul 16, 2020 | Sale | −3,458 | $3.31 | $11.45K | 1,012,583 |
| Family Trust Douglas 10% owner | Jul 16, 2020 | Sale | −5,764 | $3.31 | $19.08K | 1,687,639 |
| Family Trust Douglas 10% owner | Jul 16, 2020 | Sale | −2,305 | $3.31 | $7.63K | 675,057 |
| Family Trust Douglas 10% owner | Jul 15, 2020 | Sale | −7,981 | $3.45 | $27.53K | 1,016,041 |
| Family Trust Douglas 10% owner | Jul 15, 2020 | Sale | −13,302 | $3.45 | $45.89K | 1,693,403 |
| Family Trust Douglas 10% owner | Jul 15, 2020 | Sale | −5,320 | $3.45 | $18.35K | 677,362 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 14, 2020 | Sale | −5,297 | $3.36 | $17.80K | 1,024,022 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 14, 2020 | Sale | −8,829 | $3.36 | $29.67K | 1,706,705 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 14, 2020 | Sale | −3,532 | $3.36 | $11.87K | 682,682 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 13, 2020 | Sale | −4,659 | $3.45 | $16.07K | 1,029,319 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 13, 2020 | Sale | −7,765 | $3.45 | $26.79K | 1,715,534 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 13, 2020 | Sale | −3,106 | $3.45 | $10.72K | 686,214 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 1, 2020 | Sale | −900 | $3.85 | $3.47K | 1,723,299 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 1, 2020 | Sale | −360 | $3.85 | $1.39K | 689,320 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jul 1, 2020 | Sale | −540 | $3.85 | $2.08K | 1,033,978 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jun 30, 2020 | Sale | −16,245 | $3.91 | $63.52K | 1,724,199 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jun 30, 2020 | Sale | −9,747 | $3.91 | $38.11K | 1,034,518 |
| & Jean Douglas Irrevocable Descendants Trust James 10% owner | Jun 30, 2020 | Sale | −6,498 | $3.91 | $25.41K | 689,680 |
| Family Trust Douglas 10% owner | Jun 29, 2020 | Sale | −34,022 | $3.97 | $135.07K | 1,740,444 |
| Family Trust Douglas 10% owner | Jun 29, 2020 | Sale | −20,414 | $3.97 | $81.04K | 1,044,265 |
| Family Trust Douglas 10% owner | Jun 29, 2020 | Sale | −13,609 | $3.97 | $54.03K | 696,178 |
| Family Trust Douglas 10% owner | Jun 26, 2020 | Sale | −52,023 | $4.53 | $235.66K | 1,774,466 |
| Family Trust Douglas 10% owner | Jun 26, 2020 | Sale | −31,214 | $4.53 | $141.40K | 1,064,679 |
| Family Trust Douglas 10% owner | Jun 26, 2020 | Sale | −20,808 | $4.53 | $94.26K | 709,787 |
| Michael R. Lapointe VP-Marketing | Jun 25, 2020 | Tax withholding | +3,201 | $1.06 | $3.39K | 38,887 |
| Michael R. Lapointe VP-Marketing | Jun 25, 2020 | Tax withholding | +2,276 | $2.89 | $6.58K | 43,128 |
| Michael R. Lapointe VP-Marketing | Jun 25, 2020 | Tax withholding | +1,965 | $1.83 | $3.60K | 40,852 |
| Family Trust Douglas 10% owner | Jun 25, 2020 | Sale | −7,821 | $5.04 | $39.42K | 730,595 |
| Family Trust Douglas 10% owner | Jun 25, 2020 | Sale | −19,554 | $5.04 | $98.55K | 1,826,489 |
| Family Trust Douglas 10% owner | Jun 25, 2020 | Sale | −11,732 | $5.04 | $59.13K | 1,095,893 |
| Joseph M. Harary President and CEO, Director | May 29, 2020 | Tax withholding | +22,091 | $2.89 | $63.84K | 478,964 |
| Joseph M. Harary President and CEO, Director | May 29, 2020 | Tax withholding | +19,586 | $3.11 | $60.91K | 498,550 |
| Joseph M. Harary President and CEO, Director | Feb 21, 2020 | Tax withholding | +36,929 | $1.06 | $39.14K | 456,873 |
| Voorhees Seth Van CFO & VP-Business Development | Feb 21, 2020 | Tax withholding | +45,272 | $1.00 | $45.27K | 220,047 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.