IDT CORP — Director's Dealing 2025

Feb 27, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2025-02-25

Reporting Person: WARTELL DAVID (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-25	Class B Common Stock, par value $.01 per share	M	14374	$49.11	Acquired	14374	Direct
2025-02-25	Class B Common Stock, par value $.01 per share	F	3639	$49.11	Disposed	10735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-25	Deferred Stock Units	$	M	3000	Disposed		Class B Common Stock (5625)	Direct
2025-02-25	Deferred Stock Units	$	M	4666	Disposed		Class B Common Stock (8749)	Direct

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 in the period prior to the February 25, 2025 vesting date, each of the 7,666 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.

F2: Consists of 14,374 shares of Class B common stock issued upon the vesting of DSUs.

F3: Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.

F4: Consists of 10,735 shares of Class B common stock issued upon the vesting of DSUs.

F5: Represents 3,000 DSUs that vested on 2/25/2025. The 5,625 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the 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. "Market Price" was calculated as 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.

F6: Represents 4,666 DSUs that vested on 2/25/2025. The 8,749 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the 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. "Market Price" was calculated as 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.