Howard S. Jonas - Aug 1, 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
Director, 10%+ Owner
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Aug 1, 2024
Transactions value $
$1,106,961
Form type
4
Date filed
8/5/2024, 09:00 PM
Previous filing
Jul 26, 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 $1.28M +75K +51.14% $17.00 222K Aug 1, 2024 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Tax liability -$168K -10.4K -4.7% $16.13 211K Aug 3, 2024 Direct F3, F4
holding GNE Class B Common Stock, $.01 par value per share 629K Aug 1, 2024 By HSJ 2022 Annuity Trust I
holding GNE Class B Common Stock, $.01 par value per share 275K Aug 1, 2024 By The Jonas Foundation
holding GNE Class B Common Stock, $.01 par value per share 1.09M Aug 1, 2024 By HSJ 2019 Remainder Trust
holding GNE Class B Common Stock, $.01 par value per share 950K Aug 1, 2024 By Debbie Y. Jonas 2018 Dynasty Trust
holding GNE Class A Common Stock, $.01 par value per share 1.57M Aug 1, 2024 By Genie A Partners, L.P.
* 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: 25,000 on each of August 1, 2025, August 3, 2026; and August 2, 2027.
F2 Consists of 221,666 unvested restricted shares of Class B common stock, of which: (i) 146,666 shares shall vest as follows: 36,667 shares shall vest on August 3, 2024, 36,666 shares shall vest on August 3, 2025 and the remaining 73,333 restricted shares shall vest ratably on each of February 10, 2025 and February 10, 2026; and (ii) 75,000 shares shall vest as follows: 25,000 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 Consists of 26,246 vested restricted shares of Class B common stock, 184,999 unvested restricted shares of Class B common stock, of which: (i) 36,666 shares shall vest on August 3, 2025 and the remaining 73,333 unvested restricted shares shall vest ratably on each of February 10, 2025 and February 10, 2026; and (ii) 75,000 shares shall vest on each of August 1, 2025, August 3, 2026 and August 2, 2027.