Avi Goldin - Feb 10, 2023 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role: CFO
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: GNE
Transactions as of: Feb 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/14/2023, 05:10 PM
Previous filing: Aug 5, 2022
Next filing: Mar 21, 2023

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	Options Exercise		+30K	+22.41%		164K	Feb 10, 2023	Direct	F1, F2
holding	GNE	Class B Common Stock, $.01 par value per share						1.9K	Feb 10, 2023	By Individual Retirement Account
holding	GNE	Class B Common Stock, $.01 par value per share						400	Feb 10, 2023	By Wife's 401(k) Plan
holding	GNE	Series 2012-A Preferred Stock, $.01 par value per share						300	Feb 10, 2023	By Wife's 401(k) Plan

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	GNE	Deferred stock Units	Options Exercise	$0	-30K	-100%	$0.00^*	0	Feb 10, 2023	Class B Common Stock	30K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Shares of the Issuer's Class B common stock issuable upon the vesting of Deferred Stock Units ("DSUs") on a one-for-one basis.
F2	Includes 30,000 restricted shares of the Issuer's Class B common stock to be granted due to the vesting of DSUs, 59,160 shares of unvested restricted shares of the Issuer's Class B common stock, 14,580 shares of which shall vest on each of August 3, 2023 and August 3, 2024, and 30,000 shares, 10,000 of which shall vest on each of August 3, 2023, August 3, 2024 and August 3, 2025.
F3	On February 11, 2022, the Reporting Person was granted 30,000 DSUs, entitling the Reporting Person to a grant of 30,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock had a 30 trading day average closing price of $10.84 or greater. The shares were to vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.