MITCH SILBERMAN - 25 Feb 2025 Form 4 Insider Report for IDT CORP (IDT)

Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
25 Feb 2025
Net transactions value
+$165,746
Form type
4
Filing time
27 Feb 2025, 14:01:31 UTC
Previous filing
04 Dec 2024
Next filing
19 Mar 2025

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 $253,260 +5,157 +440% $49.11 6,329 25 Feb 2025 Direct F1, F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $87,514 -1,782 -28% $49.11 4,547 25 Feb 2025 Direct F3, F4
holding IDT Class B Common Stock, par value $.01 per share 69 25 Feb 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 -2,750 -100% $0.000000 0 25 Feb 2025 Class B Common Stock 5,157 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 2,750 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
F2 Consists of 5,157 shares of Class B common stock issued upon the vesting of DSUs and 1,172 shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes at or above $72.50 per share for either the average of ten (10) trading days or the ten (10) consecutive trading days prior to October 15, 2027.
F3 Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4 Consists of 3,375 shares of Class B common stock issued upon the vesting of DSUs and 1,172 shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes at or above $72.50 per share for either the average of ten (10) trading days or the ten (10) consecutive trading days prior to October 15, 2027.
F5 As of January 31, 2025.
F6 Represents 2,750 DSUs that vested on 2/25/2025. The 5,157 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.