IDT CORP — Director's Dealing 2024

Sep 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2024-09-18

Reporting Person: FISCHER MARCELO (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-09-18	Deferred Stock Units	$	A	15624	Acquired	2027-10-15	Class B Common Stock (15624)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	38596	Direct
Class B Common Stock, par value $.01 per share	3120	Indirect

Footnotes

F1: Consists of 12,677 fully vested shares of Restricted Stock and 25,919 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").

F2: As of August 30, 2024

F3: Represents a grant of 15,624 deferred stock units ("DSUs"). Each DSU is the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock. Vesting is in thirds on each of October 15, 2025, 2026 and 2027. The number of shares that will actually vest for each DSU depends on the market price for the Class B common stock as of the relevant vesting date. 1/2 of a share will be issued for each DSU if the market price on the vesting date is less than $19.20 (50% of the grant date value of a share of Class B common stock) and 2 shares will be issued for each DSU if the market price on the vesting date is $76.80 (200% of the grant date value) or greater, with a proportionate amount to vest based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 7,812 and 31,248 shares of Class B common stock.