Howard S. Jonas - 11 Feb 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Feb 2022, 13:17:07 UTC
Prior SEC filing
05 Aug 2022
Next SEC filing
31 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Joyce J. Mason, by Power of Attorney

Key filing fact

Howard S. Jonas filed Form 4 for Genie Energy Ltd. (GNE) on 14 Feb 2022.

Key facts

  • This page summarizes Howard S. Jonas's Form 4 filing for Genie Energy Ltd. (GNE).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 14 Feb 2022, 13:17.

Change

  • Previous filing in this sequence was filed on 05 Aug 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
180,398
Date
11 Feb 2022
Ownership
Direct
Footnotes
F1
GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000,156
Date
11 Feb 2022
Ownership
By HSJ 2020 IDT Annuity Trust
GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
85,489
Date
11 Feb 2022
Ownership
By HSJ 2019 Genie Remainder Trust
GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
625,065
Date
11 Feb 2022
Ownership
By HSJ 2020 Genie Annuity Trust
GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,556
Date
11 Feb 2022
Ownership
By Daughter (Miriam)
GNE holding

Class B Common Stock, par value $.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
275,047
Date
11 Feb 2022
Ownership
By The Jonas Foundation

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GNE transaction Derivative

Deferred Stock Unit

Award

Transaction value
$0
Shares
+110,000
Change %
Price
$0.000000
Shares after
110,000
Date
11 Feb 2022
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
110,000
Exercise price
Footnotes
F2, F3
GNE transaction Derivative

Deferred Stock Units

Award

Transaction value
$0
Shares
+110,000
Change %
Price
$0.000000
Shares after
110,000
Date
11 Feb 2022
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
110,000
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Consists of 80,398 shares held directly, 33,334 shares of vested restricted stock, and 66,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024.

Footnote F2

Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 110,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $9.04 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

Footnote F3

The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $9.04 or greater not occur, in which case no shares of restricted stock shall be granted.

Footnote F4

Each DSU entitles the Reporting Person to a grant of 110,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $10.84 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

Footnote F5

The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.

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