Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
JONAS HOWARD S
2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd. [ GNE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O GENIE ENERGY LTD., 520 BROAD STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/05/2022
(Street)
NEWARK, NJ07102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock, par value $.01 per share 01/05/2022 F 10,837( 1 ) D $ 5.595 169,561( 2 ) D
Class B Common Stock, par value $.01 per share 08/03/2022 A 110,000( 3 ) A $ 0 279,561( 4 ) D
Class B Common Stock, par value $.01 per share 1,000,156 I By HSJ 2020 IDT Annuity Trust
Class B Common Stock, par value $.01 per share 85,489 I By HSJ 2019 Genie Remainder Trust
Class B Common Stock, par value $.01 per share 625,065 I By HSJ 2020 Genie Annuity Trust
Class B Common Stock, par value $.01 per share 1,556 I By Daughter (Miriam)
Class B Common Stock, par value $.01 per share 275,047 I By The Jonas Foundation
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONAS HOWARD S
C/O GENIE ENERGY LTD.
520 BROAD STREET
NEWARK, NJ07102
X
Signatures
Joyce J. Mason, by Power of Attorney 08/05/2022
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
( 2 )Consists of 80,398 shares held directly, 22,497 shares of vested restricted stock, and 66,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024.
( 3 )Represents a grant of Restricted Stock pursuant to the vesting of Deferred Stock Units granted to the Reporting Person on February 11, 2022, as the Company's Class B common stock had a 30 trading day average closing price of $9.04 or greater. These shares shall vest as follows: 36,667 on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.
( 4 )Consists of 80,398 shares held directly, 22,497 shares of vested restricted stock, and 176,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024, 36,667 shares of which shall vest on each of August 3, 2023 and August 3, 2024 and 36,666 on August 3, 2025.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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