Howard S. Jonas - Jan 5, 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
Director
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Jan 5, 2022
Transactions value $
-$60,633
Form type
4
Date filed
8/5/2022, 01:10 PM
Previous filing
Jan 20, 2022
Next filing
Feb 14, 2022

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 -$60.6K -10.8K -6.01% $5.60 170K Jan 5, 2022 Direct F1, F2
transaction GNE Class B Common Stock, par value $.01 per share Award $0 +110K +64.87% $0.00 280K Aug 3, 2022 Direct F3, F4
holding GNE Class B Common Stock, par value $.01 per share 1M Jan 5, 2022 By HSJ 2020 IDT Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 85.5K Jan 5, 2022 By HSJ 2019 Genie Remainder Trust
holding GNE Class B Common Stock, par value $.01 per share 625K Jan 5, 2022 By HSJ 2020 Genie Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 1.56K Jan 5, 2022 By Daughter (Miriam)
holding GNE Class B Common Stock, par value $.01 per share 275K Jan 5, 2022 By The Jonas Foundation
* 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 80,398 shares held directly, 22,497 shares of vested restricted stock, and 66,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024.
F3 Represents a grant of Restricted Stock pursuant to the vesting of Deferred Stock Units granted to the Reporting Person on February 11, 2022, as the Company's Class B common stock had a 30 trading day average closing price of $9.04 or greater. These shares shall vest as follows: 36,667 on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.
F4 Consists of 80,398 shares held directly, 22,497 shares of vested restricted stock, and 176,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024, 36,667 shares of which shall vest on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.