Michael M. Stein - Aug 1, 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Aug 1, 2024
Transactions value $
$1,950,124
Form type
4
Date filed
8/5/2024, 08:59 PM
Previous filing
Feb 13, 2024

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 Award $2.13M +125K +26.09% $17.00 604K Aug 1, 2024 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Tax liability -$175K -10.8K -1.8% $16.13 593K Aug 3, 2024 Direct F3, F4
holding GNE Class B Common Stock, $.01 par value per share 1.56K Aug 1, 2024 By Wife
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock, vesting as follows: 41,667 on each of August 1, 2025 and August 3, 2026; and 41,666 on August 2, 2027.
F2 Consists of 77,398 shares of Class B common stock held directly; 281,681 fully vested restricted shares of Class B common stock; and 245,000 unvested restricted shares of the Company's Class B common stock vesting as follows: (i) 120,000 shares, 30,000 shares of which shall vest on each of August 3, 2024, February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 125,000 shares, 41,667 shares of which shall vest on each of August 1, 2025 and August 3, 2026, and 41,666 shares shall vest on August 2, 2027.
F3 Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
F4 Consists of 77,398 shares of Class B common stock held directly; 300,836 fully vested restricted shares of Class B common stock; and 215,000 unvested restricted shares of the Company's Class B common stock, consisting of: (i) 90,000 shares vesting as follows: 30,000 shares vesting on each of February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 125,000 shares vesting as follows: 41,667 shares vesting on each of August 1, 2025 and August 3, 2026, and 41,666 shares vesting on August 2, 2027.