Genie Energy Ltd. — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2020-11-22

Reporting Person: JONAS HOWARD S (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-22	Class B Common Stock, par value $.01 per share	G	625065	$0.00	Disposed	1066090	Indirect
2020-11-22	Class B Common Stock, par value $.01 per share	G	625065	$0.00	Acquired	625065	Direct
2020-12-02	Class B Common Stock, par value $.01 per share	G	625065	$0.00	Disposed	0	Direct
2020-12-02	Class B Common Stock, par value $.01 per share	G	625065	$0.00	Acquired	625065	Indirect
2021-01-05	Class B Common Stock, par value $.01 per share	A	100000	$7.24	Acquired	100000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	275047	Indirect

Footnotes

F1: These shares were transferred from the HSJ 2019 Genie Annuity Trust II to the Reporting Person's direct holdings in satisfaction of the HSJ 2019 Genie Annuity Trust II's annual annuity obligation.

F2: The Reporting Person caused these shares to be transferred from his direct holdings to the HSJ 2020 Genie Annuity Trust, for which an immediate family member of the Reporting Person serves as trustee.

F3: Grant of Restricted Shares that vest as follows: 33,334 shares to vest on January 5, 2022 and 33,333 shares to vest on each of January 5, 2023 and January 5, 2024.

F4: The Reporting Person no longer has a reportable beneficial interest in 6,224 shares of Class B Common Stock owned by his adult children who do not reside with the Reporting Person, the shares of which were previously reported in custodial accounts for each of these children.