IDT (IDT) EVP Ash Menachem Sells 8,050 Shares

What Happened

Ash Menachem, Executive Vice President of Strategic & Legal Affairs at IDT Corp. (IDT), sold a total of 8,050 shares in two transactions. On July 15, 2026 he disposed of 4,397 shares at $63.02 each for $277,085, and on July 16, 2026 he disposed of 3,653 shares at $63.17 each for $230,752 — roughly $507,837 combined. These were reported as open-market or private sales (Form 4 code S). Sales are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction dates and prices:
  • 2026-07-15: Sold 4,397 shares @ $63.02 — $277,085
  • 2026-07-16: Sold 3,653 shares @ $63.17 — $230,752
• Total sold: 8,050 shares for approx. $507,837.
• Shares owned after transaction: Not specified in the filing; the form includes footnote F1 indicating holdings are reported "As of June 30, 2026."
• Footnotes: F1 = As of June 30, 2026.
• Timeliness: Form 4 was filed July 17, 2026 (covers trades on July 15–16); filing appears timely.

Context

These were straightforward share disposals (no option exercises, awards, or gifts reported). Open-market sales by officers can be part of routine portfolio management, tax planning, or other personal reasons and should not be taken alone as a signal of company performance.