Howard S. Jonas - 09 Feb 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role: Director, 10%+ Owner
Signature: Joyce J. Mason, by Power of Attorney
Issuer symbol: GNE
Transactions as of: 09 Feb 2024
Net transactions value: -$617,273
Form type: 4
Filing time: 13 Feb 2024, 18:28:42 UTC
Previous filing: 01 Feb 2024
Next filing: 08 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNE	Class B Common Stock, par value $.01 per share	Options Exercise	$1,015,717	+126,176	+69%	$8.05	309,509	09 Feb 2024	Direct	F1
transaction	GNE	Class B Common Stock, par value $.01 per share	Tax liability	$1,445,916	-76,544	-25%	$18.89	232,965	09 Feb 2024	Direct	F2, F3
transaction	GNE	Class B Common Stock, par value $.01 per share	Tax liability	$187,073	-10,055	-4.3%	$18.60	222,910	10 Feb 2024	Direct	F4, F5
transaction	GNE	Class B Common Stock, par value $.01 per share	Gift	$0	-2,757	-1.2%	$0.000000	220,153	10 Feb 2024	Direct	F6
holding	GNE	Class B Common Stock, $.01 par value per share						876,911	09 Feb 2024	By HSJ 2024 Genie Annuity Trust
holding	GNE	Class B Common Stock, $.01 par value per share						628,640	09 Feb 2024	By HSJ 2022 Annuity Trust I
holding	GNE	Class B Common Stock, $.01 par value per share						275,047	09 Feb 2024	By The Jonas Foundation
holding	GNE	Class B Common Stock, $.01 par value per share						1,085,646	09 Feb 2024	By HSJ 2019 Remainder Trust
holding	GNE	Class A Common Stock, $.01 par value per share						1,377,535	09 Feb 2024	By Genie A Partners, L.P.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNE	Employee Stock Option (right to buy)	Options Exercise	$0	-126,176	-100%	$0.000000^*	0	09 Feb 2024	Class B Common Stock	126,176	$8.05	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of 126,176 shares held directly, and 183,333 unvested restricted shares of Class B common stock. Of the 183,333 unvested restricted shares, 73,333 shares shall vest as follows: 36,667 shares vest on August 3, 2024 and 36,666 shares vest on August 3, 2025. The remaining 110,000 unvested restricted shares vest ratably on each of February 10, 2024, February 10, 2025 and February 10, 2026.
F2	Represents 53,770 shares that were withheld by the Issuer to pay the exercise price, and 22,774 shares that were withheld by the Issuer to pay the tax withholding obligation that arose upon the Reporting Person's exercise of the option to purchase shares of Class B common stock described in Table II of this Form 4.
F3	Consists of 49,632 shares held directly, and 183,333 unvested restricted shares of Class B common stock. Of the 183,333 unvested restricted shares, 73,333 shares shall vest as follows: 36,667 shares vest on August 3, 2024 and 36,666 shares vest on August 3, 2025. The remaining 110,000 unvested restricted shares vest ratably on each of February 10, 2024, February 10, 2025 and February 10, 2026.
F4	Represents shares withheld by the Issuer upon the vesting of restricted shares of Class B common stock.
F5	Consists of 49,632 shares held directly, 26,612 vested restricted shares; and 146,666 unvested restricted shares of Class B common stock. Of the 146,666 unvested restricted shares, 73,333 shares shall vest as follows: 36,667 shares vest on August 3, 2024 and 36,666 shares vest on August 3, 2025. The remaining 73,333 unvested restricted shares vest ratably on each of February 10, 2025 and February 10, 2026.
F6	Consists of 46,875 shares held directly, 26,612 vested restricted shares; and 146,666 unvested restricted shares of Class B common stock. Of the 146,666 unvested restricted shares, 73,333 shares shall vest as follows: 36,667 shares vest on August 3, 2024 and 36,666 shares vest on August 3, 2025. The remaining 73,333 unvested restricted shares vest ratably on each of February 10, 2025 and February 10, 2026.