Avi Goldin - 01 Aug 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
CFO
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
GNE
Transactions as of
01 Aug 2024
Net transactions value
+$312,726
Form type
4
Filing time
05 Aug 2024, 20:59:34 UTC
Previous filing
13 Feb 2024
Next filing
13 Sep 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 $545,700 +32,100 +27% $17.00 149,447 01 Aug 2024 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Tax liability $232,974 -14,448 -9.7% $16.12 134,999 03 Aug 2024 Direct F3, F4
holding GNE Class B Common Stock, $.01 par value per share 1,900 01 Aug 2024 By Individual Retirement Account
holding GNE Class B Common Stock, $.01 par value per share 400 01 Aug 2024 By Wife's 401(k) Plan
* 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: 10,700 on each of August 1, 2025, August 3, 2026 and August 2, 2027.
F2 Includes 9,524 vested restricted shares of Class B common stock and 86,680 unvested restricted shares of Class B common stock. Of the 86,680 unvested restricted shares, (i) 54,580 shares shall vest as follows: 24,580 shares shall vest on August 3, 2024, and 10,000 shares shall vest on each of February 10, 2025, August 3, 2025 and February 10, 2026; and (ii) 32,100 shares shall vest as follows: 10,700 shares shall vest on each of August 1, 2025, August 3, 2026 and August 2, 2027.
F3 Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
F4 Includes 19,656 vested restricted shares of Class B common stock and 62,100 unvested restricted shares of Class B common stock. Of the 62,100 unvested restricted shares, (i) 30,000 shall vest as follows: 10,000 shares shall vest on each of February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 32,100 shares shall vest as follows: 10,700 shares shall vest on each of August 1, 2025, August 3, 2026 and August 2, 2027.