Form 4: Genie Energy CEO's Wife Receives Shares in Intra-Family Transfer
SEC Form 4 Filing
A Form 4 filing reveals a transfer of Genie Energy Class B common stock to the CEO's wife, Liora Jonas, along with details of his holdings.
Summary
- Michael M. Stein, CEO of Genie Energy Ltd., filed a Form 4 detailing changes in his beneficial ownership of the company's Class B common stock.
- The filing indicates a transfer of shares from a trust to his wife, Liora Jonas, resulting in an increase in her directly held shares.
- Following the reported transactions, Mr. Stein indirectly owns 260,288 shares through his wife and directly owns 582,938 shares, including vested and unvested restricted shares.
- The unvested restricted shares vest over time, with portions vesting on August 3, 2025, February 10, 2026, August 1, 2025, August 3, 2026 and August 2, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Related Party Transactions
- The transfer of shares from a trust to the CEO's wife constitutes a related party transaction.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of the transaction (transfer of shares). |
| 05/16/2025 | Date of signature on the Form 4 filing. |
| 08/03/2025 | Vesting date for 30,000 restricted shares. |
| 08/01/2025 | Vesting date for 41,667 restricted shares. |
| 02/10/2026 | Vesting date for 30,000 restricted shares. |
| 08/03/2026 | Vesting date for 41,667 restricted shares. |
| 08/02/2027 | Vesting date for 41,666 restricted shares. |
Keywords
Form 4, Beneficial Ownership, Genie Energy, GNE, Michael Stein, Liora Jonas, Class B Common Stock, Restricted Shares, Vesting
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