Form 4: IDT Corp Executive Gifts Shares Under 10b5-1 Plan

IDT Corp's EVP and Corporate Secretary, Joyce J. Mason, reported gifting 1,000 shares of Class B Common Stock under a Rule 10b5-1 plan.

Summary

• Joyce J. Mason, Executive Vice President and Corporate Secretary of IDT Corp, filed a Form 4 to report a change in beneficial ownership.
• On November 25, 2025, Mason gifted 1,000 shares of Class B Common Stock, par value $0.01 per share, with a transaction code 'G' indicating a gift.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mason's beneficial ownership includes 31,213 shares indirectly held for her son, 40,504 shares held directly, 13,212 shares indirectly held for her husband, and 4,416 shares indirectly held by a 401(k) Plan (as of October 31, 2025).
• The 40,504 directly held shares consist of 12,559 shares issued upon vesting of DSUs, 4,785 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program, and 21,764 shares held directly by the reporting person.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an insider transaction (a gift of shares) and does not inherently carry positive or negative sentiment regarding the company's operational or financial performance.

Positives

• The filing demonstrates transparency in reporting insider transactions as required by SEC regulations.
• The transaction was conducted under a Rule 10b5-1 plan, indicating pre-planned activity and potentially reducing concerns about opportunistic timing.

Future Outlook

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

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information that directly relates to broader industry trends or competitive landscape. It reflects an individual executive's stock activity.

Related Party Transactions

• Joyce J. Mason gifted 1,000 shares of Class B Common Stock to her son.
• Indirect beneficial ownership includes shares held for her husband.

Stakeholder Impact

• Shareholders receive transparency regarding insider stock ownership changes, which is a standard regulatory disclosure.
• The impact on employees, customers, suppliers, or creditors is negligible as this is a personal transaction by an executive.

Key Dates

Keywords

IDT Corp, SEC Form 4, insider transaction, beneficial ownership, stock gift, Rule 10b5-1, corporate secretary