Form 4: Genie Energy CEO Michael Stein Reports Gift of Class B Common Stock

Genie Energy Ltd. CEO Michael M. Stein has reported the disposition of 4,000 shares of Class B Common Stock via a gift, while maintaining significant direct and indirect beneficial ownership.

Summary

• Michael M. Stein, the Chief Executive Officer of Genie Energy Ltd. (GNE), reported a transaction on May 29, 2025.
• The transaction involved the disposition of 4,000 shares of Class B Common Stock, par value $.01 per share, as a gift (Transaction Code 'G').
• The price per share for this transaction was $0.
• Following this reported transaction, Mr. Stein directly beneficially owns 578,938 shares of Class B Common Stock.
• His direct beneficial ownership consists of 73,398 shares held directly, 320,540 vested restricted shares, and 185,000 unvested restricted shares.
• The unvested restricted shares include 60,000 shares vesting as follows: 30,000 shares on August 3, 2025, and 30,000 shares on February 10, 2026.
• Additionally, 125,000 unvested restricted shares are scheduled to vest as follows: 41,667 shares on August 1, 2025, 41,667 shares on August 3, 2026, and 41,666 shares on August 2, 2027.
• Mr. Stein also indirectly beneficially owns 260,288 shares of Class B Common Stock through his wife.

Sentiment

Score: 5

Explanation: The document is a routine insider transaction filing (Form 4) reporting a gift of shares, which is a neutral event in terms of company performance or outlook. It does not contain information that would typically indicate positive or negative sentiment regarding the company's operations or financial health.

Future Outlook

NA

Industry Context

This document is a routine insider transaction filing (Form 4) and does not provide information related to broader industry trends or competitors.

Next Steps

• Vesting of 30,000 Class B common shares on August 3, 2025.
• Vesting of 41,667 Class B common shares on August 1, 2025.
• Vesting of 30,000 Class B common shares on February 10, 2026.
• Vesting of 41,667 Class B common shares on August 3, 2026.
• Vesting of 41,666 Class B common shares on August 2, 2027.

Key Dates

Keywords

Genie Energy, GNE, Michael Stein, CEO, Form 4, insider transaction, stock ownership, Class B Common Stock, beneficial ownership, gift of shares