Genie Energy (GNE) insider logs tax-withheld Class B share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genie Energy director and 10% owner Howard S. Jonas reported a tax-withholding disposition of 11,114 shares of Class B common stock at $14.13 per share on February 10, 2026. These shares were withheld by the company to cover taxes on vested restricted stock.
After this transaction, he beneficially owned 700,104 Class B shares directly, consisting of 530,709 shares held outright, 119,395 vested restricted shares, and 50,000 unvested restricted shares, with 25,000 scheduled to vest on August 3, 2026 and 25,000 on August 2, 2027. He also reported additional indirect holdings in various trusts, a foundation, and a partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
JONAS HOWARD S
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock, $.01 par value per share | 11,114 | $14.13 | $157K |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class A Common Stock, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, $.01 par value per share — 700,104 shares (Direct);
Class B Common Stock, $.01 par value per share — 275,047 shares (Indirect, By The Jonas Foundation);
Class A Common Stock, $.01 par value per share — 1,574,326 shares (Indirect, By Genie A Partners, L.P.)
Footnotes (1)
- Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock. Consists of 530,709 shares held directly, 119,395 vested restricted shares of Class B common stock, and 50,000 unvested restricted shares of Class B common stock, 25,000 shares of which shall vest on each of August 3, 2026 and August 2, 2027.
FAQ
What insider transaction did Howard S. Jonas report for Genie Energy (GNE)?
Howard S. Jonas reported a tax-withholding share disposition. On February 10, 2026, 11,114 shares of Genie Energy Class B common stock were withheld at $14.13 per share to satisfy tax obligations arising from the vesting of restricted stock awards.
Was the Genie Energy (GNE) Form 4 transaction a market sale by Howard S. Jonas?
The transaction was tax withholding, not an open-market sale. The 11,114 Class B shares were withheld by Genie Energy to cover tax liabilities upon restricted stock vesting, as indicated by transaction code F and the accompanying explanatory footnote.
What future vesting schedule does the Genie Energy (GNE) filing disclose for Howard S. Jonas?
The filing discloses two future vesting dates for restricted shares. Of the unvested restricted Class B stock, 25,000 shares are scheduled to vest on August 3, 2026 and another 25,000 shares on August 2, 2027, subject to the award terms.