Avi Goldin - Aug 1, 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
CFO
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Aug 1, 2024
Transactions value $
$312,726
Form type
4
Date filed
8/5/2024, 08:59 PM
Previous filing
Feb 13, 2024
Next filing
Sep 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 $546K +32.1K +27.35% $17.00 149K Aug 1, 2024 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Tax liability -$233K -14.4K -9.67% $16.13 135K Aug 3, 2024 Direct F3, F4
holding GNE Class B Common Stock, $.01 par value per share 1.9K Aug 1, 2024 By Individual Retirement Account
holding GNE Class B Common Stock, $.01 par value per share 400 Aug 1, 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.