Howard S. Jonas - 05 Jan 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
Director
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
GNE
Transactions as of
05 Jan 2022
Net transactions value
-$60,633
Form type
4
Filing time
05 Aug 2022, 13:10:10 UTC
Previous filing
20 Jan 2022
Next filing
14 Feb 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 Tax liability $60,633 -10,837 -6% $5.60 169,561 05 Jan 2022 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Award $0 +110,000 +65% $0.000000 279,561 03 Aug 2022 Direct F3, F4
holding GNE Class B Common Stock, par value $.01 per share 1,000,156 05 Jan 2022 By HSJ 2020 IDT Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 85,489 05 Jan 2022 By HSJ 2019 Genie Remainder Trust
holding GNE Class B Common Stock, par value $.01 per share 625,065 05 Jan 2022 By HSJ 2020 Genie Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 1,556 05 Jan 2022 By Daughter (Miriam)
holding GNE Class B Common Stock, par value $.01 per share 275,047 05 Jan 2022 By The Jonas Foundation
* 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 Consists of 80,398 shares held directly, 22,497 shares of vested restricted stock, and 66,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 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: 36,667 on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.
F4 Consists of 80,398 shares held directly, 22,497 shares of vested restricted stock, and 176,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024, 36,667 shares of which shall vest on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.