MICHAEL M. STEIN - 03 Aug 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
03 Aug 2022
Net transactions value
$0
Form type
4
Filing time
05 Aug 2022, 13:08:40 UTC
Previous filing
14 Feb 2022
Next filing
08 Nov 2022
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, par value $.01 per share Award $0 +90,000 +25% $0.000000 454,898 03 Aug 2022 Direct F1, F2
holding GNE Class B Common Stock, par value $.01 per share 1,556 03 Aug 2022 By Wife
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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: 30,000 on each of August 3, 2023, August 3, 2024 and August 3, 2025.
F2 Consists of 178,604 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 194,896 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, and 30,000 shares of which shall vest on each of August 3, 2023, August 3, 2024 and August 3, 2025.