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

Role: Director
Signature: Joyce J. Mason, by Power of Attorney
Issuer symbol: IDT
Transactions as of: 21 Apr 2022
Net transactions value: -$3,215,037
Form type: 4
Filing time: 25 Apr 2022, 18:08:35 UTC
Previous filing: 07 Apr 2022
Next filing: 02 May 2022
SEC: View on sec.gov

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	$1,313,952	-42,896	-2%	$30.63	2,084,849	21 Apr 2022	By The HSJ 2020 IDT Annuity Trust	F1
transaction	IDT	Class B Common Stock, par value $.01 per share	Sale	$293,575	-10,047	-0.48%	$29.22	2,074,802	22 Apr 2022	By The HSJ 2020 IDT Annuity Trust	F1
transaction	IDT	Class B Common Stock, par value $.01 per share	Options Exercise	$8,407,815	+563,149	+2271%	$14.93	587,949	25 Apr 2022	Direct
transaction	IDT	Class B Common Stock, par value $.01 per share	Tax liability	$10,015,325	-348,723	-59%	$28.72	239,226	25 Apr 2022	Direct	F2
holding	IDT	Class B Common Stock, par value $.01 per share						342,779	21 Apr 2022	By Chartwell Holding LLC
holding	IDT	Class B Common Stock, par value $.01 per share						197,641	21 Apr 2022	By The Jonas Foundation
holding	IDT	Class B Common Stock, par value $.01 per share						1,556	21 Apr 2022	Custodial for Daughter (Miriam)
holding	IDT	Class B Common Stock, par value $.01 per share						3,842	21 Apr 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	-563,149	-56%	$0.000000	436,851	25 Apr 2022	Class B Common Stock	563,149	$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.