Zedge, Inc. — Director's Dealing 2025

Sep 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zedge, Inc. (ZDGE)
CIK: 0001667313
Period of Report: 2025-09-08

Reporting Person: Tsai Yi (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-08	Class B Common Stock, par value $.01 per share	M	2000	—	Acquired	6224	Direct
2025-09-08	Class B Common Stock, par value $.01 per share	F	827	$3.08	Disposed	5397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-08	Deferred Stock Units	$	M	2000	Disposed		Class B Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	20115	Indirect

Footnotes

F1: Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.

F2: Consists of shares issued upon the vesting of DSUs.

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

F4: As of September 10, 2025.

F5: On January 21, 2025, the Reporting Person was granted 6,000 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. Vesting of the DSUs is as follows: 2,000 on each of September 8, 2025, September 7, 2026, and September 6, 2027. The number of shares issued for each DSU vested depends on the market price for the Class B common stock as of the relevant vesting date. For the September 8, 2025 vesting, the market price was $3.08, between $2.76 (the grant price) and $3.99; therefore, 2,000 shares were issued on September 8, 2025 for the 2,000 DSUs that vested that day, based on the applicable distinct market price band.