STEIN MICHAEL M 4

What Happened
Michael M. Stein, CEO of Genie Energy Ltd. (GNE), had 15,015 shares of Class B common stock withheld by the company to satisfy tax withholding obligations upon vesting. The withheld shares were reported at $14.13 per share, a disposition value of $212,162. This was a tax-withholding transaction (code F), not an open-market sale or purchase.

Key Details

• Transaction date: February 10, 2026; reported on Form 4 filed February 12, 2026 (timely filing).
• Transaction: 15,015 shares withheld for taxes at $14.13/share — total value ~$212,162. (Disposal due to tax withholding; transaction code F.)
• Shares owned after transaction (reported): 538,015 total beneficially owned, consisting of:
  • 73,398 shares held directly;
  • 381,284 vested restricted shares;
  • 83,333 unvested restricted shares (41,667 vest Aug 3, 2026; 41,666 vest Aug 2, 2027).
• Footnote: F1 clarifies the shares were withheld by the issuer for tax purposes upon vesting. F2 details the composition and vesting schedule of the insider’s holdings.

Context
Withholding shares to cover taxes upon vesting is a routine administrative action and does not necessarily signal the insider’s view of the company’s prospects. This was not an open-market sale or a purchase — the company simply retained shares to satisfy tax obligations.