Form 4: Genie Energy CFO Avi Goldin Sells 7,300 Shares of Class B Common Stock

Genie Energy's CFO, Avi Goldin, sold 7,300 shares of Class B common stock at a price of $15.418 per share on November 20, 2024.

Summary

• Avi Goldin, the CFO of Genie Energy Ltd., sold 7,300 shares of Class B common stock on November 20, 2024.
• The sale price was $15.418 per share.
• Following the transaction, Mr. Goldin beneficially owns 127,699 shares of Class B common stock.
• This total includes 12,356 vested restricted shares and 62,100 unvested restricted shares.
• The unvested restricted shares vest over time, with some vesting in February and August of 2025, 2026, and 2027.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an executive, with no inherent positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States.
• The sale of shares by a CFO is not unusual, but the timing and size of the transaction can be of interest to investors.
• Comparable companies would also have similar filings when their executives trade shares.

Stakeholder Impact

• The stock sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

Genie Energy, GNE, insider trading, Form 4, Avi Goldin, Class B Common Stock, stock sale, executive compensation, restricted shares