Menachem Ash - Feb 25, 2025 Form 4 Insider Report for IDT CORP (IDT)

Role
EVP of Strategic&Legal Affairs
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
IDT
Transactions as of
Feb 25, 2025
Transactions value $
$293,923
Form type
4
Date filed
2/27/2025, 02:02 PM
Previous filing
Dec 9, 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 $460K +9.37K +19.88% $49.11 56.5K Feb 25, 2025 Direct F1, F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability -$166K -3.39K -5.99% $49.11 53.1K Feb 25, 2025 Direct F3, F4
holding IDT Class B Common Stock, $.01 par value per share 2.85K 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 -3.5K -100% $0.00 0 Feb 25, 2025 Class B Common Stock 6.56K Direct F6
transaction IDT Deferred Stock Units Options Exercise $0 -1.5K -100% $0.00 0 Feb 25, 2025 Class B Common Stock 2.81K Direct F7
* 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 4,999 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
F2 Consists of 23,750 shares of Class B common stock issued upon the vesting of DSUs and 32,787 fully vested shares of Restricted Stock.
F3 Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4 Consists of 20,361 shares of Class B common stock issued upon the vesting of DSUs and 32,787 fully vested shares of Restricted Stock.
F5 As of January 31, 2025.
F6 Represents 3,499 DSUs that vested on 2/25/2025. The 6,561 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.
F7 Represents 1,500 DSUs that vested on 2/25/2025. The 2,813 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.