Howard S. Jonas - Aug 14, 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: Aug 14, 2023
Transactions value $: -$541,485
Form type: 4
Date filed: 8/15/2023, 04:44 PM
Previous filing: Aug 7, 2023
Next filing: Aug 30, 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	-$541K	-40.1K	-3.59%	$13.50	1.08M	Aug 14, 2023	Direct	F1, F2
holding	GNE	Class B Common Stock, par value $.01 per share						1.09M	Aug 14, 2023	By HSJ 2019 Remainder Trust
holding	GNE	Class B Common Stock, par value $.01 per share						629K	Aug 14, 2023	By HSJ 2022 Annuity Trust I
holding	GNE	Class B Common Stock, par value $.01 per share						1.56K	Aug 14, 2023	By Daughter (Miriam)
holding	GNE	Class B Common Stock, par value $.01 per share						275K	Aug 14, 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 four of his children in repayment of cash loans made, on July 14, 2023, July 18, 2023 and July 20, 2023, by such trusts to the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares.
F2	Consists of 817,044 shares of Class B common stock held directly; 44,170 fully vested restricted shares of Class B common stock; and 216,666 unvested restricted shares of Class B common stock. Of the 216,666 unvested restricted shares, 106,666 vest as follows: 33,333 shares vest on January 5, 2024, 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.

Content

These shares were transferred from the Reporting Person's direct holdings to certain trusts for the benefit of four of his children in repayment of cash loans made, on July 14, 2023, July 18, 2023 and July 20, 2023, by such trusts to the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares.

Consists of 817,044 shares of Class B common stock held directly; 44,170 fully vested restricted shares of Class B common stock; and 216,666 unvested restricted shares of Class B common stock. Of the 216,666 unvested restricted shares, 106,666 vest as follows: 33,333 shares vest on January 5, 2024, 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.