Samuel Jonas - Jan 5, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role: Chief Executive Officer
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: IDT
Transactions as of: Jan 5, 2022
Transactions value $: -$3,741,294
Form type: 4
Date filed: 1/7/2022, 03:05 PM
Next filing: Oct 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IDT	Class B Common Stock, par value $.01 per share	Tax liability	-$3.74M	-83.5K	-32.89%	$44.79	170K	Jan 5, 2022	Direct	F1, F2
holding	IDT	Class B Common Stock, par value $.01 per share						1.56K	Jan 5, 2022	By Wife

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Issuer for tax purposes upon the vesting of 170,000 shares of Restricted Stock, which was precipitated by the closing price of the Issuer's Class B Common Stock on the trading day prior to grant being $13.00 or higher. All 170,000 shares of Restricted Stock vested in full on January 5, 2022, since the closing price of the Issuer's Class B Common Stock on the trading day prior to vest (January 4, 2022) was $13.00 or higher.
F2	Consists of 168,865 fully vested shares of Restricted Stock and 1,556 shares of Class B Common Stock held directly.

Content

Represents shares withheld by the Issuer for tax purposes upon the vesting of 170,000 shares of Restricted Stock, which was precipitated by the closing price of the Issuer's Class B Common Stock on the trading day prior to grant being $13.00 or higher. All 170,000 shares of Restricted Stock vested in full on January 5, 2022, since the closing price of the Issuer's Class B Common Stock on the trading day prior to vest (January 4, 2022) was $13.00 or higher.

Consists of 168,865 fully vested shares of Restricted Stock and 1,556 shares of Class B Common Stock held directly.