Form 4: IDT Corp Chairman Howard Jonas Reports Share Transfers and Holdings

Howard Jonas, Chairman of IDT Corp, reported a transfer of shares from a trust to his direct holdings and other transactions affecting his beneficial ownership.

Summary

• Howard Jonas, Chairman of IDT Corp, reported several transactions affecting his ownership of Class B Common Stock.
• On November 12, 2024, 78,016 shares were transferred from the HSJ 2022 IDT Annuity Trust I to his direct holdings.
• Also on November 12, 2024, 78,016 shares were acquired directly by Mr. Jonas.
• On November 14, 2024, 4,145 shares were disposed of, reducing his direct holdings to 73,951 shares.
• Mr. Jonas also has indirect holdings through various trusts and entities, including 1,811,711 shares through the HSJ 2019 Remainder Trust, 342,779 shares through Chartwell Holding LLC, 211,269 shares through the Debbie y. Jonas 2018 Dynasty Trust, 197,641 shares through The Jonas Foundation, 3,841 shares through a 401(k) Plan, and 1,574,326 shares through IDT A Partners, L.P.
• The report also notes that as of October 31, 2024, Mr. Jonas held 3,841 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of share transactions by an insider, with no clear positive or negative implications for the company's performance.

Negatives

• Mr. Jonas disposed of 4,145 shares on November 14, 2024.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the United States.
• The transactions reported are typical for executives managing their personal holdings and trusts.
• The level of detail provided is consistent with SEC requirements for such filings.

Stakeholder Impact

• The transactions may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

IDT Corp, Howard Jonas, Beneficial Ownership, Share Transfer, Class B Common Stock, SEC Form 4, Insider Trading