Genie Energy (GNE) CFO Avi Goldin Withholds 5,116 Shares for Taxes

What Happened

• Avi Goldin, Chief Financial Officer of Genie Energy (GNE), had 5,116 shares withheld by the company to cover tax liabilities upon the vesting of restricted stock. The withheld shares are reported as a disposition at $14.13 per share, totaling $72,315. This was a tax-withholding transaction (Form 4 code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-03 — 5,116 shares withheld at $14.13 each (total ~$72,315).
• Shares owned after transaction (reported): 76,455 shares of Class B common stock held directly and 10,700 unvested restricted Class B shares (vesting Aug 2, 2027). (See footnote F2.)
• Footnotes: F1 — shares were withheld by the issuer for tax purposes upon vesting of restricted stock. F2 — ownership breakdown and vesting schedule.
• Filing timeliness: Form 4 filed 2026-08-05 for a 2026-08-03 transaction (filed within the typical 2-business-day Form 4 deadline).

Context

• Code F transactions reflect shares retained/forfeited to satisfy tax withholding on awards and are routine administrative transactions; they do not indicate an open-market sell or a directional bet by the insider. Retail investors typically prioritize purchases for sentiment signals; tax-withholding dispositions are common and should be viewed as procedural.