Form 4: IDT Corp Chairman Howard Jonas Reports Changes in Beneficial Ownership

Howard Jonas, Chairman of IDT Corp, reports a disposition of Class B Common Stock and updates to his beneficial ownership.

Summary

• On April 16, 2024, Howard Jonas, Chairman of IDT Corp, reported a transaction involving Class B Common Stock.
• He disposed of 136,340 shares of Class B Common Stock at $0 per share.
• Following the transaction, Jonas directly owns 222,153 shares of Class B Common Stock.
• Jonas also indirectly owns shares through various entities including HSJ 2022 Annuity Trust (78,016 shares), HSJ 2019 Remainder Trust (1,811,711 shares), Chartwell Holding LLC (342,779 shares), The Jonas Foundation (197,641 shares), 401(k) Plan (3,864 shares), and IDT A Partners, L.P. (1,574,326 shares of Class A Common Stock).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Howard Jonas's holdings in IDT Corp.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders, as it provides insight into the actions of a key company insider.

Key Dates