Zedge, Inc. — Director's Dealing 2020

Oct 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zedge, Inc. (ZDGE)
CIK: 0001667313
Period of Report: 2020-10-19

Reporting Person: REICH JONATHAN (CEO & President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-19	Stock Option (right to buy)	$1.44	A	33648	Acquired	2030-10-18	Class B Common Stock (33648)	Direct
2020-10-19	Stock Option (right to buy)	$1.73	D	181616	Disposed	2021-10-31	Class B Common Stock (181616)	Direct
2020-10-19	Stock Option (right to buy)	$1.73	A	181616	Acquired	2026-05-31	Class B Common Stock (181616)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B. Common Stock, par value $.01 per share	5766	Direct
Class B. Common Stock, par value $.01 per share	16753	Indirect

Footnotes

F1: Includes 2,176 shares due to Mr. Reich's ownership of IDT Class B Common Stock at the time of the spin-off.

F2: As of October 21, 2020.

F3: The option vests as follows: 11,216 to vest on each of October 19, 2021, October 19, 2022 and October 19, 2023.

F4: The two reported transactions involved an amendment of an outstanding option to extend the option expiration date from October 31, 2021 to May 31, 2026, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on November 1, 2011, and is fully vested.