Form 4: Genie Energy Director's Tax-Related Stock Sales
Insider Transaction Report
Genie Energy Ltd. Director Howard S. Jonas reported routine stock dispositions for tax purposes following restricted stock vesting.
Summary
- Howard S. Jonas, a Director and 10% Owner of Genie Energy Ltd. (GNE), reported the disposition of Class B Common Stock.
- On August 1, 2025, 7,105 shares of Class B Common Stock were withheld by the Issuer for tax purposes at a price of $20.1 per share.
- On August 3, 2025, an additional 10,420 shares of Class B Common Stock were withheld for tax purposes at a price of $20.15 per share.
- These dispositions represent shares withheld upon the vesting of Restricted Stock, a common practice for tax obligations.
- Following these transactions, Howard S. Jonas directly beneficially owns 711,218 shares of Class B Common Stock.
- Indirect beneficial ownership includes 275,047 Class B shares by The Jonas Foundation, 1,085,645 Class B shares by HSJ 2019 Remainder Trust, 950,398 Class B shares by Debbie Y. Jonas 2018 Dynasty Trust, 95,366 Class B shares by HSJ 2022 Annuity Trust I, and 1,574,326 Class A shares by Genie A Partners, L.P.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary transactions (shares withheld for tax) related to restricted stock vesting. This type of transaction is neutral in terms of sentiment as it does not reflect a discretionary buy or sell decision by the insider.
Future Outlook
The filing indicates future vesting dates for unvested restricted Class B common stock, with 36,666 shares vesting on February 10, 2026, 25,000 shares vesting on August 3, 2026, and another 25,000 shares vesting on August 2, 2027.
Industry Context
This Form 4 filing details a routine insider transaction related to equity compensation. Such transactions are common across industries for executives and directors who receive restricted stock as part of their compensation, often involving shares withheld to cover tax liabilities upon vesting.
Related Party Transactions
- Howard S. Jonas's indirect beneficial ownership includes shares held by The Jonas Foundation, HSJ 2019 Remainder Trust, Debbie Y. Jonas 2018 Dynasty Trust, HSJ 2022 Annuity Trust I, and Genie A Partners, L.P.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related dispositions, not discretionary sales indicating a change in insider sentiment.
- Employees: No direct impact mentioned.
Next Steps
- 36,666 unvested restricted Class B shares are scheduled to vest on February 10, 2026.
- 25,000 unvested restricted Class B shares are scheduled to vest on August 3, 2026.
- 25,000 unvested restricted Class B shares are scheduled to vest on August 2, 2027.
Key Dates
| Date | Description |
|---|---|
| 08/01/2025 | Date of transaction where 7,105 Class B shares were withheld for tax purposes upon vesting of restricted stock. |
| 08/03/2025 | Date of transaction where 10,420 Class B shares were withheld for tax purposes upon vesting of restricted stock. |
| 08/05/2025 | Date the Form 4 was filed with the SEC. |
| 02/10/2026 | Vesting date for 36,666 unvested restricted Class B shares. |
| 08/03/2026 | Vesting date for 25,000 unvested restricted Class B shares. |
| 08/02/2027 | Vesting date for 25,000 unvested restricted Class B shares. |
Keywords
Genie Energy, GNE, SEC Form 4, Insider Trading, Stock Vesting, Tax Withholding, Director Ownership, Restricted Stock
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