IDT Corp: CFO Marcelo Fischer exercised options for 25,089 shares

What happened

• Marcelo Fischer, CFO, exercised options and converted DSUs on Oct 15, 2026. The filing shows acquisitions of 20,832 shares at $81.83 for $1,704,578 and 4,257 shares at $38.43 for $163,597 (total acquired $1,868,175). The filing also shows vesting of 10,416 DSUs that resulted in issuance of 20,832 Class B common shares (see footnotes).
• The filing shows shares sold or withheld the same period: 11,499 shares withheld for taxes/exercise at $81.83 for $940,906; 4,812 shares sold at $82.08 for $394,968; 1,226 shares withheld at $81.08 for $99,404; and 4,521 shares sold on Oct 16, 2026 at $80.93 for $365,879. Two derivative entries of 10,416 and 4,257 are reported at $0.00 in the filing.

Key details

• Transaction dates and prices:
  • Oct 15, 2026: 20,832 shares acquired @ $81.83 for $1,704,578; 4,257 shares acquired @ $38.43 for $163,597; 10,416 DSUs converted to 20,832 shares @ $0.00.
  • Oct 15, 2026: 11,499 shares withheld @ $81.83 for $940,906; 4,812 shares sold @ $82.08 for $394,968; 1,226 shares withheld @ $81.08 for $99,404.
  • Oct 16, 2026: 4,521 shares sold @ $80.93 for $365,879.
• Shares owned after the transaction: the filing references ownership as of Sep 30, 2026 (footnote F4).
• Relevant footnotes from the filing:
  • F1/F5: 10,416 deferred stock units (DSUs) vested on Oct 15, 2026 and entitled the reporting person to receive 2.0 shares per vested DSU, resulting in issuance of 20,832 Class B shares.
  • F2/F3: some shares were withheld by the issuer to satisfy tax withholding and to pay exercise price.
  • F6: option vesting schedule noted in the filing.
• Filing timeliness: the filing date is Oct 19, 2026; the filing does not indicate a late-report flag in the provided data.

Why it may matter

• The filing shows exercises of options and conversion of DSUs, with a mix of share issuance and immediate sales/withholdings to cover exercise price and taxes (a cashless-like outcome).
• The DSU conversion resulted in issuance of Class B shares rather than a market purchase.
• The filing documents the vesting and exercise mechanics and the amounts sold or withheld, but it does not show why the insider traded or why the company acted.