Avi Goldin - May 11, 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: May 11, 2023
Transactions value $: $423,750
Form type: 4
Date filed: 5/15/2023, 11:16 AM
Previous filing: Mar 21, 2023
Next filing: Aug 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNE	Class B Common Stock, $.01 par value per share	Award	$424K	+30K	+22.99%	$14.13	160K	May 11, 2023	Direct	F1, F2
holding	GNE	Class B Common Stock, $.01 par value per share						1.9K	May 11, 2023	By Individual Retirement Account
holding	GNE	Class B Common Stock, $.01 par value per share						400	May 11, 2023	By Wife's 401(k) Plan
holding	GNE	Series 2012-A Preferred Stock, $.01 par value per share						112	May 11, 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	Grant of restricted shares of Issuer's Class B common stock due to the vesting of deferred stock units ("DSUs") that were granted to the Reporting Person on February 11, 2022. The restricted shares granted vest ratably on each of February 10, 2024, February 10, 2025 and February 10, 2026. The DSUs vested on February 10, 2023 and such restricted shares of Issuer's Class B common stock were included on the Reporting Person's Form 4 filed on February 14, 2023 to report the Reporting Person's right to receive such shares which were ultimately granted by the Issuer on May 11, 2023.
F2	Includes 89,160 unvested restricted shares of Class B common stock. Of the 89,160 unvested restricted shares, 59,160 shares shall vest as follows: 14,580 shares shall vest on each of August 3, 2023 and August 3, 2024 and 10,000 shares shall vest on each of August 3, 2023, 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.

Content

Grant of restricted shares of Issuer's Class B common stock due to the vesting of deferred stock units ("DSUs") that were granted to the Reporting Person on February 11, 2022. The restricted shares granted vest ratably on each of February 10, 2024, February 10, 2025 and February 10, 2026. The DSUs vested on February 10, 2023 and such restricted shares of Issuer's Class B common stock were included on the Reporting Person's Form 4 filed on February 14, 2023 to report the Reporting Person's right to receive such shares which were ultimately granted by the Issuer on May 11, 2023.

Includes 89,160 unvested restricted shares of Class B common stock. Of the 89,160 unvested restricted shares, 59,160 shares shall vest as follows: 14,580 shares shall vest on each of August 3, 2023 and August 3, 2024 and 10,000 shares shall vest on each of August 3, 2023, 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.