Howard S. Jonas - Jul 11, 2023 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: Jul 11, 2023
Transactions value $: -$5,198,282
Form type: 4
Date filed: 7/13/2023, 01:23 PM
Previous filing: Jun 8, 2023
Next filing: Aug 1, 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	Other	-$5.2M	-389K	-25.62%	$13.36	1.13M	Jul 11, 2023	Direct	F1, F2
holding	GNE	Class B Common Stock, par value $.01 per share						1.09M	Jul 11, 2023	By HSJ 2019 Remainder Trust
holding	GNE	Class B Common Stock, par value $.01 per share						629K	Jul 11, 2023	By HSJ 2022 Annuity Trust I
holding	GNE	Class B Common Stock, par value $.01 per share						1.56K	Jul 11, 2023	By Daughter (Miriam)
holding	GNE	Class B Common Stock, par value $.01 per share						275K	Jul 11, 2023	By The Jonas Foundation

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were transferred from the Reporting Person's direct holdings to certain trusts for the benefit of eight of his children in repayment of cash loans made, on May 26, 2023, by such trusts to the Reporting Person. The Reporting Person disclaims beneficial ownership to such shares.
F2	Consists of 857,154 shares of Class B common stock held directly; 19,116 fully vested restricted shares of Class B common stock; and 253,333 unvested restricted shares of Class B common stock. Of the 253,333 unvested restricted shares, 143,333 vest as follows: 33,333 shares vest on January 5, 2024, 36,667 shares vest on each of August 3, 2023 and 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.

Content

These shares were transferred from the Reporting Person's direct holdings to certain trusts for the benefit of eight of his children in repayment of cash loans made, on May 26, 2023, by such trusts to the Reporting Person. The Reporting Person disclaims beneficial ownership to such shares.

Consists of 857,154 shares of Class B common stock held directly; 19,116 fully vested restricted shares of Class B common stock; and 253,333 unvested restricted shares of Class B common stock. Of the 253,333 unvested restricted shares, 143,333 vest as follows: 33,333 shares vest on January 5, 2024, 36,667 shares vest on each of August 3, 2023 and 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.