David Wartell - Feb 25, 2025 Form 4 Insider Report for IDT CORP (IDT)

Role: CHIEF TECHNOLOGY OFFICER
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: IDT
Transactions as of: Feb 25, 2025
Transactions value $: $527,196
Form type: 4
Date filed: 2/27/2025, 02:02 PM
Previous filing: Dec 26, 2024
Next filing: Mar 20, 2025
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	$706K	+14.4K		$49.11	14.4K	Feb 25, 2025	Direct	F1, F2
transaction	IDT	Class B Common Stock, par value $.01 per share	Tax liability	-$179K	-3.64K	-25.32%	$49.11	10.7K	Feb 25, 2025	Direct	F3, F4

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	-3K	-100%	$0.00	0	Feb 25, 2025	Class B Common Stock	5.63K		Direct	F5
transaction	IDT	Deferred Stock Units	Options Exercise	$0	-4.67K	-100%	$0.00	0	Feb 25, 2025	Class B Common Stock	8.75K		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 7,666 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
F2	Consists of 14,374 shares of Class B common stock issued upon the vesting of DSUs.
F3	Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4	Consists of 10,735 shares of Class B common stock issued upon the vesting of DSUs.
F5	Represents 3,000 DSUs that vested on 2/25/2025. The 5,625 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.
F6	Represents 4,666 DSUs that vested on 2/25/2025. The 8,749 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.