Reformation Inc.
Ownership
Ownership Structure
Who owns Reformation Inc. (REF)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 27.0% of the shares are freely tradable; institutional investors hold 6.2%.
Largest Shareholders
Funds
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| Baron Discovery Institutional | 2.29 | 1,350,000 | +0.0 | 09/30/2026 |
| Loomis Sayles Small Cap Growth Instl | 1.59 | 940,041 | +27.3 | 09/30/2026 |
| AB Small Cap Growth A | 1.54 | 907,369 | +0.0 | 09/30/2026 |
| Harbor Small Cap Growth Instl | 1.33 | 786,419 | +0.0 | 09/30/2026 |
| MFS New Discovery I | 1.07 | 630,101 | +0.0 | 09/30/2026 |
| Federated Hermes Kaufmann Small Cap A | 1.02 | 600,000 | +0.0 | 09/30/2026 |
| Franklin Small Cap Growth Adv | 0.93 | 551,697 | +0.0 | 09/30/2026 |
| Vanguard MStar Total Stk Mkt Idx Invest | 0.83 | 493,053 | +469.7 | 09/30/2026 |
| BlackRock Event Driven Equity Instl | 0.81 | 478,000 | +0.0 | 09/30/2026 |
| Fidelity Contrafund | 0.75 | 441,309 | -21.4 | 09/30/2026 |
Largest reported positions according to regulatory filings; stake as a percentage of shares outstanding, change versus the previous filing. Source: fundamentals data.
Insider holdings
| Person | Role | Shares | Value | As of | Type |
|---|---|---|---|---|---|
| Refo SCSp | 10% Owner | 28,942,153 | 541,218,261 $ | Sep 1, 2026 | direct |
| Aflalo Yael | Director | 11,665,505 | 218,144,944 $ | Sep 1, 2026 | indirect |
Holdings as of each person's most recent SEC Form 4 filing — excluding options and RSUs, which are not shares yet. Holdings may have changed between two filings.
Insiders
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Aflalo Yael | Director | Sell | 60,298 | 13.95 | 841,157 |
| Sep 1, 2026 | Refo SCSp | 10% Owner | Sell | 149,596 | 13.95 | 2,086,864 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character. View all insider transactions →
Data as of: November 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.