IDT CORP — Director's Dealing 2024

Jan 16, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2024-01-12

Reporting Person: PEREIRA BILL (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-12	Deferred Stock Units	$	A	23500	Acquired		Class B Common Stock (23500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, $.01 par value per share	46458	Direct
Class B Common Stock, $.01 par value per share	3492	Indirect

Footnotes

F1: Consists of 16,300 fully vested shares of Restricted Stock and 30,158 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").

F2: As of December 29, 2023.

F3: Represents grant of 23,500 DSUs,15,667 of which vest on 2/21/24 and 7,833 of which vest on 2/25/25, with the recipient having the option on
2/21/24 to defer vesting to the next scheduled vesting. The number of shares of Class B common stock that will be issued depends on the
Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price
less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested.
Upon vesting of all of the DSUs, between 11,750 and 47,000 shares of Class B common stock will have been issued. "Market Price" for each
vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date,
and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to
such vesting date.