Howard S. Jonas - Jan 5, 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
Director, 10%+ Owner
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Jan 5, 2024
Transactions value $
-$456,468
Form type
4
Date filed
1/9/2024, 03:59 PM
Previous filing
Dec 28, 2023
Next filing
Jan 26, 2024

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 -$456K -15.8K -1.47% $28.91 1.06M Jan 5, 2024 Direct F1, F2
holding GNE Class B Common Stock, par value $.01 per share 1.09M Jan 5, 2024 By HSJ 2019 Remainder Trust
holding GNE Class B Common Stock, par value $.01 per share 629K Jan 5, 2024 By HSJ 2022 Annuity Trust I
holding GNE Class B Common Stock, par value $.01 per share 275K Jan 5, 2024 By The Jonas Foundation
holding GNE Class A Common Stock, par value $.01 per share 1.38M Jan 5, 2024 By Genie A Partners, L.P.
* 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 815,200 shares of Class B common stock held directly; 61,711 fully vested restricted shares of Class B common stock; and 183,333 unvested restricted shares of Class B common stock. Of the 183,333 unvested restricted shares, 73,333 vest as follows: 36,667 shares vest on August 3, 2024 and 36,666 shares vest on August 3, 2025. The remaining 110,000 unvested restricted shares vest ratably on each of February 10, 2024, February 10, 2025 and February 10, 2026.