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

Role: Director
Signature: Joyce J. Mason, by Power of Attorney
Issuer symbol: GNE
Transactions as of: 11 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2022, 13:17:07 UTC
Previous filing: 05 Aug 2022
Next filing: 31 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNE	Class B Common Stock, par value $.01 per share						180,398	11 Feb 2022	Direct	F1
holding	GNE	Class B Common Stock, par value $.01 per share						1,000,156	11 Feb 2022	By HSJ 2020 IDT Annuity Trust
holding	GNE	Class B Common Stock, par value $.01 per share						85,489	11 Feb 2022	By HSJ 2019 Genie Remainder Trust
holding	GNE	Class B Common Stock, par value $.01 per share						625,065	11 Feb 2022	By HSJ 2020 Genie Annuity Trust
holding	GNE	Class B Common Stock, par value $.01 per share						1,556	11 Feb 2022	By Daughter (Miriam)
holding	GNE	Class B Common Stock, par value $.01 per share						275,047	11 Feb 2022	By The Jonas Foundation

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	GNE	Deferred Stock Unit	Award	$0	+110,000		$0.000000	110,000	11 Feb 2022	Class B Common Stock	110,000		Direct	F2, F3
transaction	GNE	Deferred Stock Units	Award	$0	+110,000		$0.000000	110,000	11 Feb 2022	Class B Common Stock	110,000		Direct	F4, F5

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

Explanation of Responses:

Id	Content
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.
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.
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.
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.
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.