Form 4: IDT Chairman Jonas Transfers Shares to Foundation
Insider Transaction Report
IDT Corp Chairman Howard S. Jonas reported a transfer of 97,163 Class B Common Stock shares from a family trust to a foundation, no longer beneficially owned by him.
Summary
- Howard S. Jonas, who serves as Chairman, Director, and a 10% Owner of IDT Corp, filed a Form 4 to report a change in beneficial ownership.
- On December 29, 2025, a transaction involving 97,163 shares of Class B Common Stock, $.01 par value per share, occurred.
- The transaction was a transfer (Code J) from the Debbie Y. Jonas 2018 Dynasty Trust to the Howard S. & Deborah Jonas Foundation, Inc.
- These 97,163 shares are no longer considered beneficially owned by Howard S. Jonas following this transfer.
- The reported price for this disposition was $0, indicating a non-market transfer rather than a sale.
- Following the transaction, Howard S. Jonas directly owns 60,701 shares of Class B Common Stock.
- Indirect beneficial ownership includes 114,106 Class B Common Stock shares via the Debbie Y. Jonas 2018 Dynasty Trust, 1,811,711 Class B Common Stock shares via the HSJ 2019 Remainder Trust, 342,779 Class B Common Stock shares via Chartwell Holding LLC, 197,641 Class B Common Stock shares via The Jonas Foundation, 3,863 Class B Common Stock shares via a 401(k) Plan (as of November 28, 2025), and 1,574,326 Class A Common Stock shares via IDT A Partners, L.P.
Sentiment
Score: 5
Explanation: This is a routine insider transaction filing (Form 4) reporting a transfer of shares for estate planning or philanthropic purposes, not a reflection of company performance or strategic direction. Therefore, the sentiment is neutral.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.
Industry Context
This filing reports an insider transaction related to a change in beneficial ownership for a key executive, Howard S. Jonas. Such transfers are typically personal financial planning or philanthropic actions and do not directly reflect broader industry trends or competitive dynamics.
Related Party Transactions
- A transfer of 97,163 shares of Class B Common Stock occurred from the Debbie Y. Jonas 2018 Dynasty Trust to the Howard S. & Deborah Jonas Foundation, Inc. While the foundation is stated as not beneficially owned by the Reporting Person for Section 16 purposes, the transaction involves entities related to the Chairman.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a non-market transfer of shares by an insider, not a sale into the open market or a dilution event. It represents a change in the structure of a significant insider's holdings.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 11/28/2025 | Date as of which the 401(k) Plan beneficial ownership amount was reported. |
| 12/29/2025 | Date of the reported transaction (transfer of Class B Common Stock). |
| 12/30/2025 | Date the Form 4 was signed by Joyce J. Mason, by Power of Attorney. |
Keywords
IDT Corp, Howard S. Jonas, Form 4, Insider Transaction, Stock Transfer, Beneficial Ownership, Class B Common Stock, Corporate Governance
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