Howard S. Jonas - Apr 21, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
Director
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
IDT
Transactions as of
Apr 21, 2022
Transactions value $
-$3,215,037
Form type
4
Date filed
4/25/2022, 06:08 PM
Previous filing
Apr 7, 2022
Next filing
May 2, 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 Sale -$1.31M -42.9K -2.02% $30.63 2.08M Apr 21, 2022 By The HSJ 2020 IDT Annuity Trust F1
transaction IDT Class B Common Stock, par value $.01 per share Sale -$294K -10K -0.48% $29.22 2.07M Apr 22, 2022 By The HSJ 2020 IDT Annuity Trust F1
transaction IDT Class B Common Stock, par value $.01 per share Options Exercise $8.41M +563K +2270.76% $14.93 588K Apr 25, 2022 Direct
transaction IDT Class B Common Stock, par value $.01 per share Tax liability -$10M -349K -59.31% $28.72 239K Apr 25, 2022 Direct F2
holding IDT Class B Common Stock, par value $.01 per share 343K Apr 21, 2022 By Chartwell Holding LLC
holding IDT Class B Common Stock, par value $.01 per share 198K Apr 21, 2022 By The Jonas Foundation
holding IDT Class B Common Stock, par value $.01 per share 1.56K Apr 21, 2022 Custodial for Daughter (Miriam)
holding IDT Class B Common Stock, par value $.01 per share 3.84K Apr 21, 2022 By 401(k) Plan F3

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 IDT Employee Stock Option (Right to Buy) Options Exercise $0 -563K -56.31% $0.00 437K Apr 25, 2022 Class B Common Stock 563K $14.93 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The proceeds of this sale were loaned by the Seller (The HSJ 2020 IDT Annuity Trust) to the Reporting Person and utilized by the Reporting Person to pay certain of the tax withholding obligation that arose upon the Reporting Person's exercise of the option to purchase shares of Class B Common Stock described in Table II of this Form 4.
F2 292,751 shares were withheld by the Issuer to pay the exercise price and 55,972 shares were withheld by the Issuer to pay certain of the tax withholding obligation that arose upon the Reporting Person's exercise of the option to purchase shares of Class B Common Stock described in Table II of this Form 4.
F3 As of March 31, 2022.