Avi Goldin - 03 Aug 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
03 Aug 2022
Net transactions value
-$94,684
Form type
4
Filing time
05 Aug 2022, 13:07:16 UTC
Previous filing
14 Feb 2022
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNE Class B Common Stock, $.01 par value per share Tax liability $94,684 -9,233 -8.2% $10.26 103,883 03 Aug 2022 Direct F1, F2
transaction GNE Class B Common Stock, $.01 par value per share Award $0 +30,000 +29% $0.000000 133,883 03 Aug 2022 Direct F3, F4
holding GNE Class B Common Stock, $.01 par value per share 1,900 03 Aug 2022 By Individual Retirement Account
holding GNE Class B Common Stock, $.01 par value per share 400 03 Aug 2022 By Wife's 401(k) Plan
holding GNE Series 2012-A Preferred Stock, $.01 par value per share 300 03 Aug 2022 By Wife's 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
F2 Includes 29,160 shares of unvested Restricted Stock, 14,580 shares of which shall vest on each of August 3, 2023 and August 3, 2024.
F3 Represents a grant of Restricted Stock pursuant to the vesting of Deferred Stock Units granted to the Reporting Person on February 11, 2022, as the Company's Class B common stock had a 30 trading day average closing price of $9.04 or greater. These shares shall vest as follows: 10,000 on each of August 3, 2023, August 3, 2024 and August 4, 2025.
F4 Includes 59,160 shares of unvested Restricted Stock, 14,580 shares of which shall vest on each of August 3, 2023 and August 3, 2024, and 30,000 shares of which shall vest on each of August 3, 2023, August 3, 2024 and August 3, 2025.