Avi Goldin - 11 Feb 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role: CFO
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, 13:20:40 UTC
Previous filing: 17 Sep 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, $.01 par value per share						98,536	11 Feb 2022	Direct	F1
holding	GNE	Class B Common Stock, $.01 par value per share						1,900	11 Feb 2022	By Individual Retirement Account
holding	GNE	Class B Common Stock, $.01 par value per share						400	11 Feb 2022	By Wife's 401(k) Plan
holding	GNE	Series 2012-A Preferred Stock, $.01 par value per share						300	11 Feb 2022	By Wife's 401(k) Plan

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	+30,000		$0.000000	30,000	11 Feb 2022	Class B Common Stock	30,000		Direct	F2, F3
transaction	GNE	Deferred Stock Units	Award	$0	+30,000		$0.000000	30,000	11 Feb 2022	Class B Common Stock	30,000		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Includes 43,740 shares of Restricted Stock vesting as follows: 14,580 on each of August 3, 2022, August 3, 2023 and August 3, 2024.
F2	Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 30,000 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 day trading 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 30,000 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 day trading average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.