JONAS HOWARD S 4

What Happened
Jonas Howard S, a reported 10% owner of Genie Energy Ltd. (GNE), had 11,114 shares of Class B common stock withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted stock. The shares were valued at $14.13 each for a total of $157,041. This was a tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: February 10, 2026. Filing date: February 12, 2026 (timely filing).
• Price per share: $14.13; shares withheld/disposed: 11,114; total value: $157,041.
• Shares beneficially owned after the transaction: 700,104 total, consisting of 530,709 shares held directly, 119,395 vested restricted shares, and 50,000 unvested restricted shares.
• Footnote F1: shares were withheld by the issuer for tax purposes upon vesting.
• Footnote F2: breakdown of holdings and vesting schedule for the 50,000 unvested shares (25,000 vest Aug 3, 2026; 25,000 vest Aug 2, 2027).
• Transaction code F = payment of exercise price or tax liability (here, tax withholding).

Context
This was a routine tax-withholding event tied to the vesting of restricted stock, which results in the company retaining shares to cover taxes rather than the insider selling shares on the open market. For retail investors, such withholdings are administrative and do not necessarily signal a change in insider sentiment; note also the insider is a 10% owner, which has reporting implications distinct from ordinary executive trading.