Genie Energy (GNE) Form 4 Genie Energy / AVI GOLDIN ownership change

SEC Form 4

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).

1. Name and Address of Reporting Person^*

GOLDIN AVI

(Last) (First) (Middle)

C/O GENIE ENERGY LTD.

520 BROAD STREET

(Street)

NEWARK NJ 07102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd. [ GNE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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		32,100(1)	A	$17	149,447(2)	D
Class B Common Stock, par value $.01 per share	08/03/2024		F		14,448(3)	D	$16.125	134,999(4)	D
Class B Common Stock, $.01 par value per share								1,900	I	By Individual Retirement Account
Class B Common Stock, $.01 par value per share								400	I	By Wife's 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: 10,700 on each of August 1, 2025, August 3, 2026 and August 2, 2027.

2. Includes 9,524 vested restricted shares of Class B common stock and 86,680 unvested restricted shares of Class B common stock. Of the 86,680 unvested restricted shares, (i) 54,580 shares shall vest as follows: 24,580 shares shall vest on August 3, 2024, and 10,000 shares shall vest on each of February 10, 2025, August 3, 2025 and February 10, 2026; and (ii) 32,100 shares shall vest as follows: 10,700 shares shall vest on each of August 1, 2025, August 3, 2026 and August 2, 2027.

3. Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.

4. Includes 19,656 vested restricted shares of Class B common stock and 62,100 unvested restricted shares of Class B common stock. Of the 62,100 unvested restricted shares, (i) 30,000 shall vest as follows: 10,000 shares shall vest on each of February 10, 2025, August 3, 2025, and February 10, 2026; and (ii) 32,100 shares shall vest as follows: 10,700 shares shall vest on each of August 1, 2025, August 3, 2026 and 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).
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