MICHAEL M. STEIN - 11 Feb 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role: CHIEF EXECUTIVE OFFICER
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, 13:18:19 UTC
Previous filing: 08 Nov 2021
Next filing: 05 Aug 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						364,898	11 Feb 2022	Direct	F1
holding	GNE	Class B Common Stock, par value $.01 per share						1,556	11 Feb 2022	By Wife

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 Units	Award	$0	+90,000		$0.000000	90,000	11 Feb 2022	Class B Common Stock	90,000		Direct	F2, F3
transaction	GNE	Deferred Stock Units	Award	$0	+90,000		$0.000000	90,000	11 Feb 2022	Class B Common Stock	90,000		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 178,604 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 104,896 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on each of November 4, 2022 and November 4, 2023.
F2	Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 90,000 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 90,000 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.