JONATHAN REICH - 21 Jan 2025 Form 4 Insider Report for Zedge, Inc. (ZDGE)

Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
ZDGE
Transactions as of
21 Jan 2025
Net transactions value
$0
Form type
4
Filing time
23 Jan 2025, 15:30:13 UTC
Previous filing
10 Sep 2024
Next filing
10 Sep 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ZDGE Class B Common Stock, par value $.01 per share 25,756 21 Jan 2025 Direct F1
holding ZDGE Class B Common Stock, par value $.01 per share 36,202 21 Jan 2025 By 401(k) Plan F2

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 ZDGE Deferred Stock Units Award $0 +19,400 $0.000000 19,400 21 Jan 2025 Class B Common Stock 19,400 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,176 shares due to the Reporting Person's ownership of IDT Corporation's ("IDT's") Class B Common Stock at the time of the Issuer's spin-off from IDT and 14,765 shares issued upon the vesting of DSUs.
F2 As of January 15, 2025.
F3 Represents a grant of 19,400 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. Vesting of the DSUs will be as follows: 6,466 on September 8, 2025; and 6,467 on each of September 7, 2026 and September 6, 2027. The number of shares that will be issued for each DSU vested will depend on the market price for the Class B common stock as of the relevant vesting date. If the market price of Class B common stock on the vesting date is less than $2.76 (the baseline value of a share of Class B common stock at the time the grant was approved), 1/3 of a share will be issued per DSU; if the price is $7.00 or greater, 3 shares will be issued per DSU. For prices between $2.76 and $7.00, the number of shares issued will be proportionate based on six distinct market price bands. Upon vesting in full, the Reporting Person will be entitled to receive between 6,467 and 58,200 shares of Class B common stock.