IDT CORP — Director's Dealing 2022

Jan 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2022-01-05

Reporting Person: ASH MENACHEM (EVP of Strategic&Legal Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-05	Class B Common Stock, par value $.01 per share	M	5000	$44.785	Acquired	46879	Direct
2022-01-05	Class B Common Stock, par value $.01 per share	F	1803	$44.785	Disposed	45076	Direct
2022-01-05	Class B Common Stock, par value $.01 per share	F	7370	$44.785	Disposed	37706	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	2812	Indirect

Footnotes

F1: Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B Common Stock prior to the January 5, 2022 vesting date, each DSU that vested entitled the Reporting Person to receive 2 shares of Class B Common Stock.

F2: Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.

F3: Represents shares withheld by the Issuer for tax purposes upon the vesting of 20,000 shares of Restricted Stock, which was precipitated by the closing price of the Issuer's Class B Common Stock on the trading day prior to grant being $13.00 or higher. All 20,000 shares of Restricted Stock vested in full on January 5, 2022, since the closing price of the Issuer's Class B Common Stock on the trading day prior to vest (January 4, 2022) was $13.00 or higher.

F4: Consists of 28,962 fully vested shares of Restricted Stock and 8,744 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.

F5: As of December 31, 2021.