CHIEF EXECUTIVE OFFICER Stein Michael M covered exercise/tax liability with 10,845 units of Class B Common Stock and was granted 125,000 units of Class B Common Stock, increasing direct ownership by 24% to 593,234 units (SEC Form 4)
$GNE
Power Generation
Utilities
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd. [ GNE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/01/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class B Common Stock, par value $.01 per share | 08/01/2024 | A | 125,000(1) | A | $17 | 604,079(2) | D | |||
| Class B Common Stock, par value $.01 per share | 08/03/2024 | F | 10,845(3) | D | $16.125 | 593,234(4) | D | |||
| Class B Common Stock, $.01 par value per share | 1,556 | I | By Wife | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. 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. |
| 2. 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. |
| 3. Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock. |
| 4. 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. |
| Joyce J. Mason, by Power of Attorney | 08/05/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||