Form 4: IDT Corp. Chairman Howard Jonas Gifts Class B Shares

Howard S. Jonas, Chairman, Director, and 10% Owner of IDT Corp., reported gifting 8,350 shares of Class B Common Stock in two separate transactions.

Summary

• Howard S. Jonas, who serves as Chairman, Director, and 10% Owner of IDT Corp. (IDT), reported changes in his beneficial ownership.
• On July 15, 2025, Mr. Jonas gifted 1,200 shares of Class B Common Stock, $.01 par value per share, at a price of $0.00 per share.
• Following this transaction, his direct beneficial ownership of Class B Common Stock was 70,001 shares.
• On July 17, 2025, Mr. Jonas gifted an additional 7,150 shares of Class B Common Stock, $.01 par value per share, also at a price of $0.00 per share.
• After the second transaction, his direct beneficial ownership of Class B Common Stock decreased to 62,851 shares.
• Mr. Jonas maintains significant indirect beneficial ownership, including 1,811,711 Class B shares through HSJ 2019 Remainder Trust, 342,779 Class B shares through Chartwell Holding LLC, 211,269 Class B shares through Debbie y. Jonas 2018 Dynasty Trust, and 197,641 Class B shares through The Jonas Foundation.
• He also indirectly holds 3,794 Class B shares via a 401(k) Plan as of June 30, 2025, and 1,574,326 Class A Common Stock shares through IDT A Partners, L.P.

Sentiment

Score: 5

Explanation: The filing reports gift transactions by a key insider, which reduce direct beneficial ownership but do not reflect on the company's operational performance or financial health. Such transactions are typically for estate planning or charitable purposes.

Negatives

• The direct beneficial ownership of Class B Common Stock by a key insider (Chairman, Director, 10% Owner) decreased by a total of 8,350 shares due to gift transactions.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• Gifts of Class B Common Stock were made to various trusts and foundations, which are typically considered related parties to the reporting person.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of a significant insider has decreased, which may be noted by investors monitoring insider alignment.
• Recipients of Gifts: The trusts and foundations receiving the gifted shares will see an increase in their holdings of IDT Class B Common Stock.

Key Dates

Keywords

IDT Corp, IDT, Howard S. Jonas, SEC Form 4, Insider Transaction, Beneficial Ownership, Class B Common Stock, Gift, Corporate Governance