Yi Tsai - 08 Sep 2025 Form 4 Insider Report for Zedge, Inc. (ZDGE)

Role: CFO & Treasurer
Signature: Joyce J Mason, by Power of Attorney
Issuer symbol: ZDGE
Transactions as of: 08 Sep 2025
Net transactions value: -$2,547
Form type: 4
Filing time: 10 Sep 2025, 15:22:07 UTC
Previous filing: 23 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Tsai Yi	CFO & Treasurer	C/O ZEDGE, INC., 1178 BROADWAY, SUITE 1450, 3RD FLOOR, NEW YORK	Joyce J Mason, by Power of Attorney	10 Sep 2025	0001565415

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZDGE	Class B Common Stock, par value $.01 per share	Options Exercise		+2,000	+47%		6,224	08 Sep 2025	Direct	F1, F2
transaction	ZDGE	Class B Common Stock, par value $.01 per share	Tax liability	$2,547	-827	-13%	$3.08	5,397	08 Sep 2025	Direct	F2, F3
holding	ZDGE	Class B Common Stock, par value $.01 per share						20,115	08 Sep 2025	By 401(k) Plan	F4

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	Options Exercise	$0	-2,000	-100%	$0.000000	0	08 Sep 2025	Class B Common Stock	2,000		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.
F2	Consists of shares issued upon the vesting of DSUs.
F3	Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4	As of September 10, 2025.
F5	On January 21, 2025, the Reporting Person was granted 6,000 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 is as follows: 2,000 on each of September 8, 2025, September 7, 2026, and September 6, 2027. The number of shares issued for each DSU vested depends on the market price for the Class B common stock as of the relevant vesting date. For the September 8, 2025 vesting, the market price was $3.08, between $2.76 (the grant price) and $3.99; therefore, 2,000 shares were issued on September 8, 2025 for the 2,000 DSUs that vested that day, based on the applicable distinct market price band.