Form 4: Genie Energy Director Howard Jonas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Howard Jonas, a director and 10% owner of Genie Energy Ltd., reported changes in his beneficial ownership of Class A and Class B common stock due to tax withholding upon vesting of restricted stock.
Summary
- On February 10, 2025, Howard Jonas, a director and 10% owner of Genie Energy Ltd., reported a transaction involving Class B Common Stock.
- 11,007 shares were disposed of to cover tax obligations upon the vesting of restricted stock at a price of $14.385 per share.
- Following the transaction, Jonas directly owns 731,308 shares of Class B Common Stock.
- Jonas also indirectly owns shares through various trusts and partnerships, including The Jonas Foundation (275,047 shares), HSJ 2019 Remainder Trust (1,085,645 shares), Debbie Y. Jonas 2018 Dynasty Trust (950,398 shares), HSJ 2022 Annuity Trust (95,366 shares), and Genie A Partners, L.P. (1,574,326 shares of Class A Common Stock).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing changes in ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine adjustment of share ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of transaction involving Class B Common Stock. |
| 02/11/2025 | Date of signature by Power of Attorney. |
| August 3, 2025 | Date of vesting of 36,666 restricted shares of Class B common stock. |
| August 1, 2025 | Date of vesting of 25,000 restricted shares of Class B common stock. |
| February 10, 2026 | Date of vesting of 36,666 restricted shares of Class B common stock. |
| August 3, 2026 | Date of vesting of 25,000 restricted shares of Class B common stock. |
| August 2, 2027 | Date of vesting of 25,000 restricted shares of Class B common stock. |
Keywords
beneficial ownership, Form 4, Genie Energy, Howard Jonas, Class B Common Stock, Class A Common Stock, director, 10% owner, tax withholding, restricted stock, insider trading
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