GNE.NYSEGenie Energy LTD

Form 4: Genie Energy Director Howard S. Jonas Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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Howard S. Jonas, a director and 10% owner of Genie Energy Ltd., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A and Class B common stock.

Summary

  • On September 27, 2024, Howard S. Jonas reported a transaction involving Genie Energy Ltd.'s Class B Common Stock.
  • The transaction involved the disposition of 2,204 shares at an unspecified price.
  • Following the transaction, Jonas directly owns 209,041 shares of Class B Common Stock.
  • Jonas also indirectly owns a significant number of shares through various trusts and partnerships, including HSJ 2022 Annuity Trust (628,640 shares), The Jonas Foundation (275,047 shares), HSJ 2019 Remainder Trust (1,085,645 shares), Debbie Y. Jonas 2018 Dynasty Trust (950,398 shares), and Genie A Partners, L.P. (1,574,326 shares of Class A Common Stock).

Sentiment

Score: 5

Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the ownership stake of a key insider.

Key Dates

DateDescription
09/27/2024Date of transaction involving Class B Common Stock.
08/03/2025Date when 36,666 restricted shares shall vest.
02/10/2025Date when unvested restricted shares shall vest ratably.
02/10/2026Date when unvested restricted shares shall vest ratably.
08/01/2025Date when 75,000 shares shall vest ratably.
08/03/2026Date when 75,000 shares shall vest ratably.
08/02/2027Date when 75,000 shares shall vest ratably.
10/01/2024Date of signature by Power of Attorney.

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