Form 4: IDT EVP Sells Class B Stock Under 10b5-1 Plan

Joyce J. Mason, EVP and Corporate Secretary of IDT Corp., reported the sale of 2,505 shares of Class B Common Stock at $50.285 per share under a pre-arranged 10b5-1 plan.

Summary

• Joyce J. Mason, Executive Vice President and Corporate Secretary of IDT Corp. (IDT), reported a transaction involving the sale of Class B Common Stock.
• The transaction, which occurred on January 16, 2026, involved the disposition of 2,505 shares of Class B Common Stock, par value $0.01 per share, at a price of $50.285 per share.
• This sale was executed pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.
• Following the transaction, Ms. Mason's direct beneficial ownership of Class B Common Stock is 40,504 shares.
• These direct holdings consist of 12,559 shares from the 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.
• Ms. Mason also holds indirect beneficial ownership of 28,708 shares for her son, 13,212 shares for her husband, and 4,562 shares through a 401(k) Plan (as of December 31, 2025).

Sentiment

Score: 5

Explanation: The sale of shares by an executive is generally neutral to slightly negative, but the explicit mention of a Rule 10b5-1(c) plan significantly mitigates any negative signal, indicating a pre-scheduled personal liquidity event rather than a reaction to new company-specific information.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on new material non-public information, which can reduce market speculation regarding the executive's outlook on the company.

Negatives

• An executive's reduction in direct share ownership, even if planned, can sometimes be perceived by the market as a slight decrease in alignment with shareholder interests.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the executive's reduction in direct ownership, though the 10b5-1 plan suggests it's a planned event rather than a signal of company performance.

Key Dates

Keywords

IDT, Form 4, Insider Sale, Executive Stock Transaction, 10b5-1 Plan, Class B Common Stock, Joyce J. Mason, IDT Corp