Form 4: IDT Chairman Gifts Shares in Routine Transaction

IDT Corp. Chairman Howard S. Jonas reported gifting 1,000 shares of Class B Common Stock in a recent SEC Form 4 filing.

Summary

• Howard S. Jonas, who serves as Chairman, Director, and a 10% Owner of IDT Corp. (IDT), reported a change in his beneficial ownership.
• On November 25, 2025, Mr. Jonas disposed of 1,000 shares of Class B Common Stock, $.01 par value per share, through a gift (transaction code 'G').
• The reported price for this transaction was $0.
• Following this transaction, Mr. Jonas directly beneficially owns 61,851 shares of Class B Common Stock.
• Mr. Jonas also holds significant indirect beneficial ownership in IDT Corp. through various entities:
• 1,811,711 shares of Class B Common Stock via HSJ 2019 Remainder Trust.
• 342,779 shares of Class B Common Stock via Chartwell Holding LLC.
• 211,269 shares of Class B Common Stock via Debbie Y. Jonas 2018 Dynasty Trust.
• 197,641 shares of Class B Common Stock via The Jonas Foundation.
• 3,738 shares of Class B Common Stock via a 401(k) Plan (as of October 31, 2025).
• 1,574,326 shares of Class A Common Stock, $.01 par value per share, via IDT A Partners, L.P.

Sentiment

Score: 5

Explanation: The transaction is a gift of a relatively small number of shares by an insider, which is a routine event often related to personal estate planning or philanthropy. It does not inherently indicate positive or negative sentiment regarding the company's operational performance or future prospects.

Positives

• The transaction was a gift, indicating a disposition for philanthropic or personal estate planning purposes rather than a sale for cash.

Negatives

• A reduction of 1,000 shares in the direct beneficial ownership of Class B Common Stock by the Chairman.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction (a gift of shares) by a key executive and significant shareholder. Such transactions are common for estate planning or philanthropic purposes and typically do not reflect broader industry trends or competitive positioning.

Related Party Transactions

• The disposition of shares was a gift, which could be to a related party, though the specific recipient is not disclosed in the filing.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal due to the small number of shares involved relative to the company's total outstanding shares and the insider's overall holdings.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this insider transaction.

Key Dates

Keywords

IDT Corp, IDT, Howard S. Jonas, Form 4, insider transaction, beneficial ownership, Class B Common Stock, gift, Chairman, Director, 10% Owner