Sec Form 4 Filing - STEIN MICHAEL M @ Genie Energy Ltd. - 2023-02-10

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 STEIN MICHAEL M 2. Issuer Name and Ticker or Trading Symbol Genie Energy Ltd. [ GNE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CHIEF EXECUTIVE OFFICER (Last) (First) (Middle) C/O GENIE ENERGY LTD., 520 BROAD STREET 3. Date of Earliest Transaction (MM/DD/YY) 02/10/2023 (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 02/10/2023 M 90,000 A 529,992 ( 2 ) D Class B Common Stock, par value $.01 per share 1,556 I By Wife

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 Deferred Stock Units ( 1 ) 02/10/2023 M 90,000 ( 3 ) ( 3 ) Class B Common Stock 90,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other STEIN MICHAEL M C/O GENIE ENERGY LTD. 520 BROAD STREET NEWARK, NJ07102 CHIEF EXECUTIVE OFFICER Signatures Joyce J. Mason, by Power of Attorney 02/14/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Restricted Shares of the Issuer's Class B common stock issuable upon the vesting of Deferred Stock Units ("DSUs") on a one-for-one basis. ( 2 )Consists of 90,000 restricted shares of the Issuer's Class B common stock to be granted due to the vesting of DSUs; 216,146 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 142,448 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on November 4, 2023, and 30,000 shares of which shall vest on each of August 3, 2023, August 3, 2024 and August 3, 2025. ( 3 )On February 11, 2022, the Reporting Person was granted 90,000 DSUs, entitling the Reporting Person to a grant of 90,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock had a 30 trading day average closing price of $10.84 or greater. The shares were to vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

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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