Avi Goldin - Jun 16, 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
Jun 16, 2023
Transactions value $
-$163,493
Form type
4
Date filed
8/7/2023, 01:58 PM
Previous filing
May 15, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNE Series 2012-A Preferred Stock, $.01 par value per share Other -$967 -112 -100% $8.63 0 Jun 16, 2023 By Wife's 401(k) Plan F1
transaction GNE Class B Common Stock, $.01 par value per share Tax liability -$163K -12.2K -7.61% $13.30 148K Aug 3, 2023 Direct F2, F3
holding GNE Class B Common Stock, $.01 par value per share 1.9K Jun 16, 2023 By Individual Retirement Account
holding GNE Class B Common Stock, $.01 par value per share 400 Jun 16, 2023 By Wife's 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 16, 2023, the Issuer redeemed all outstanding shares of its Series 2012-A Preferred Stock.
F2 Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
F3 Includes 12,360 vested restricted shares of Class B common stock and 64,580 unvested restricted shares of Class B common stock. Of the 64,580 unvested restricted shares, 34,580 shares shall vest as follows: 14,580 shares shall vest on August 3, 2024 and 10,000 shares shall vest on each of August 3, 2024 and August 3, 2025. The remaining 30,000 unvested restricted shares shall vest as follows: 10,000 shares shall vest on each of February 10, 2024, February 10, 2025, and February 10, 2026.