Michael M. Stein - Aug 3, 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: Aug 3, 2023
Transactions value $: -$124,807
Form type: 4
Date filed: 8/7/2023, 01:54 PM
Previous filing: May 15, 2023
Next filing: Nov 7, 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	Tax liability	-$125K	-9.38K	-1.77%	$13.30	521K	Aug 3, 2023	Direct	F1, F2
holding	GNE	Class B Common Stock, par value $.01 per share						1.56K	Aug 3, 2023	By Wife

* 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 81,398 shares of Class B common stock held directly; 236,762 fully vested restricted shares of Class B common stock and 202,448 unvested restricted shares of the Company's Class B common stock. Of the 202,448 unvested restricted shares, 142,448 shares shall vest as follows: 52,448 shares shall vest on November 4, 2023, and 30,000 shares shall vest on each of August 3, 2024, and August 3, 2025. The remaining 90,000 unvested restricted shares shall vest as follows: 30,000 shares shall vest ratably on each of February 10, 2024, February 10, 2025, and February 10, 2026.

Content

Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.

Consists of 81,398 shares of Class B common stock held directly; 236,762 fully vested restricted shares of Class B common stock and 202,448 unvested restricted shares of the Company's Class B common stock. Of the 202,448 unvested restricted shares, 142,448 shares shall vest as follows: 52,448 shares shall vest on November 4, 2023, and 30,000 shares shall vest on each of August 3, 2024, and August 3, 2025. The remaining 90,000 unvested restricted shares shall vest as follows: 30,000 shares shall vest ratably on each of February 10, 2024, February 10, 2025, and February 10, 2026.