Howard S. Jonas - 15 Aug 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
15 Aug 2022
Net transactions value
-$144,089
Form type
4
Filing time
09 Jan 2023, 14:01:51 UTC
Previous filing
09 Aug 2022
Next filing
03 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 Gift $0 -525,745 -84% $0.000000 99,320 15 Aug 2022 By HSJ 2020 Genie Annuity Trust F1
transaction GNE Class B Common Stock, par value $.01 per share Gift $0 +525,745 +188% $0.000000 805,306 15 Aug 2022 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Gift $0 -628,640 -78% $0.000000 176,666 17 Aug 2022 Direct F3, F4
transaction GNE Class B Common Stock, par value $.01 per share Gift $0 +628,640 $0.000000 628,640 17 Aug 2022 By HSJ 2022 Annuity Trust I F3
transaction GNE Class B Common Stock, par value $.01 per share Tax liability $144,089 -14,217 -8% $10.14 162,449 05 Jan 2023 Direct F5, F6
holding GNE Class B Common Stock, par value $.01 per share 1,000,156 15 Aug 2022 By HSJ 2020 IDT Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 85,489 15 Aug 2022 By HSJ 2019 Genie Remainder Trust
holding GNE Class B Common Stock, par value $.01 per share 1,556 15 Aug 2022 By Daughter (Miriam)
holding GNE Class B Common Stock, par value $.01 per share 275,047 15 Aug 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 These shares were transferred from the HSJ 2020 Genie Annuity Trust to the Reporting Person's direct holdings.
F2 Consists of 606,143 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 shares of which shall vest on August 3, 2025.
F3 These shares were transferred from the Reporting Person's direct holdings to The HSJ 2022 Annuity Trust I.
F4 Represents 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 shares of which shall vest on August 3, 2025.
F5 Represents shares withheld by the Issuer for tax purposes upon vesting of restricted stock.
F6 Consists of 19,116 shares of vested restricted stock and 143,333 shares of unvested restricted stock, 33,333 shares of which shall vest on January 5, 2024, 36,667 shares of which shall vest on each of August 3, 2023 and August 3, 2024, and 36,666 shares of which shall vest on August 3, 2025.