Michael M. Stein - Feb 10, 2023 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
CHIEF EXECUTIVE OFFICER
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, 05:12 PM
Previous filing
Nov 8, 2022
Next filing
May 15, 2023

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 Options Exercise +90K +20.45% 530K Feb 10, 2023 Direct F1, F2
holding GNE Class B Common Stock, par value $.01 per share 1.56K Feb 10, 2023 By Wife

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 -90K -100% $0.00* 0 Feb 10, 2023 Class B Common Stock 90K 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 Consists of 90,000 restricted shares of the Issuer's Class B common stock to be granted due to the vesting of DSUs; 216,146 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 142,448 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on November 4, 2023, and 30,000 shares 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 90,000 DSUs, entitling the Reporting Person to a grant of 90,000 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.