Joyce J. Mason - Feb 25, 2025 Form 4 Insider Report for IDT CORP (IDT)

Role: EVP and Corporate Secretary
Signature: Joyce J. Mason
Stock symbol: IDT
Transactions as of: Feb 25, 2025
Transactions value $: $134,611
Form type: 4
Date filed: 2/27/2025, 02:01 PM
Previous filing: Oct 21, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IDT	Class B Common Stock, par value $.01 per share	Options Exercise	$221K	+4.5K	+12.13%	$49.11	41.6K	Feb 25, 2025	Direct	F1, F2
transaction	IDT	Class B Common Stock, par value $.01 per share	Tax liability	-$86.4K	-1.76K	-4.23%	$49.11	39.9K	Feb 25, 2025	Direct	F3, F4
holding	IDT	Class B Common Stock, par value $.01 per share						12.6K	Feb 25, 2025	By Self for Husband
holding	IDT	Class B Common Stock, par value $.01 per share						21.9K	Feb 25, 2025	By Self for Son
holding	IDT	Class B Common Stock, $.01 par value per share						4.55K	Feb 25, 2025	By 401(k) Plan	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IDT	Deferred Stock Units	Options Exercise	$0	-2.4K	-100%	$0.00	0	Feb 25, 2025	Class B Common Stock	4.5K		Direct	F6

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

Explanation of Responses:

Id	Content
F1	Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 25, 2025 vesting date, each of the 2,400 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
F2	Consists of 14,318 shares of Class B common stock issued upon 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 21,114 shares held by the Reporting Person directly.
F3	Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4	Consists of 12,559 shares of Class B common stock issued upon 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 21,114 shares held by the Reporting Person directly.
F5	As of January 31, 2025.
F6	Represents 2,400 DSUs that vested on 2/25/2025. The 4,500 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. "Market Price" was calculated as the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date.