Michael M. Stein - Aug 1, 2024 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role: CHIEF EXECUTIVE OFFICER
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: GNE
Transactions as of: Aug 1, 2024
Transactions value $: $1,950,124
Form type: 4
Date filed: 8/5/2024, 08:59 PM
Previous filing: Feb 13, 2024
Next filing: Feb 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNE	Class B Common Stock, par value $.01 per share	Award	$2.13M	+125K	+26.09%	$17.00	604K	Aug 1, 2024	Direct	F1, F2
transaction	GNE	Class B Common Stock, par value $.01 per share	Tax liability	-$175K	-10.8K	-1.8%	$16.13	593K	Aug 3, 2024	Direct	F3, F4
holding	GNE	Class B Common Stock, $.01 par value per share						1.56K	Aug 1, 2024	By Wife

Showing 1 to 3 of 3 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock, vesting as follows: 41,667 on each of August 1, 2025 and August 3, 2026; and 41,666 on August 2, 2027.
F2	Consists of 77,398 shares of Class B common stock held directly; 281,681 fully vested restricted shares of Class B common stock; and 245,000 unvested restricted shares of the Company's Class B common stock vesting as follows: (i) 120,000 shares, 30,000 shares of which shall vest on each of August 3, 2024, February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 125,000 shares, 41,667 shares of which shall vest on each of August 1, 2025 and August 3, 2026, and 41,666 shares shall vest on August 2, 2027.
F3	Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
F4	Consists of 77,398 shares of Class B common stock held directly; 300,836 fully vested restricted shares of Class B common stock; and 215,000 unvested restricted shares of the Company's Class B common stock, consisting of: (i) 90,000 shares vesting as follows: 30,000 shares vesting on each of February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 125,000 shares vesting as follows: 41,667 shares vesting on each of August 1, 2025 and August 3, 2026, and 41,666 shares vesting on August 2, 2027.