Jonas Amends Genie Energy Stake Filing
Ticker: GNE · Form: SC 13D/A · Filed: Sep 30, 2024 · CIK: 1528356
Sentiment: neutral
Topics: ownership-filing, sec-filing, amendment
Related Tickers: GNE
TL;DR
Jonas filed an update on his Genie Energy stake. Keep an eye on this.
AI Summary
Howard S. Jonas has amended his Schedule 13D filing for Genie Energy Ltd. on September 25, 2024. This amendment, the fifth to the filing, pertains to the Class B Common Stock of Genie Energy Ltd. The filing indicates a change in the reporting person's holdings or intentions regarding the company's securities.
Why It Matters
Schedule 13D filings are crucial for understanding significant ownership changes in public companies, potentially signaling shifts in control or investment strategy.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in a major shareholder's strategy, which may impact stock price and company direction.
Key Players & Entities
- Howard S. Jonas (person) — Reporting Person
- Genie Energy Ltd. (company) — Issuer
- Class B Common Stock (security) — Subject of Filing
FAQ
What is the specific nature of the change reported in Amendment No. 5 to Schedule 13D?
The filing does not detail the specific changes in holdings or intentions in the provided header information, only that an amendment has been filed.
Who is the reporting person for this Schedule 13D/A filing?
The reporting person is Howard S. Jonas.
What company is the subject of this filing?
The subject company is Genie Energy Ltd.
What class of securities is being reported on?
The filing pertains to the Class B Common Stock, par value $0.01 per share.
When was the event requiring this filing amendment?
The date of the event which requires filing of this statement is September 25, 2024.
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-30 17:47:02
Key Financial Figures
- $0.01 — ssuer) Class B Common Stock, par value $0.01 per share (Title of Class of Securiti
- $90,000 — gated thereunder and a civil penalty of $90,000. Mr. Jonas consented to the Order witho
Filing Documents
- ea0216208-13da5jonas_genie.htm (SC 13D/A) — 14KB
- 0001213900-24-083484.txt ( ) — 15KB
Identity and Background
Item 2. Identity and Background
of the Schedule 13D is hereby
Item 2 of the Schedule 13D is hereby amended and supplemented as follows: On September 25, 2024, the Commission issued an order instituting administrative proceedings against Howard S. Jonas regarding issues related to the timeliness of certain filings on Schedule 13D and the required amendments related to his beneficial ownership in four different companies, including Genie Energy Ltd. (the “Order”). The Order also contains the terms of the settlement of those proceedings, which include a cease-and-desist order concerning violations of Sections 13(d) of the Exchange Act and Rules 13d-1 and 13d-2 promulgated thereunder and a civil penalty of $90,000. Mr. Jonas consented to the Order without admitting or denying any of the findings or charges (other than the SEC’s jurisdiction). The Order does not include any scienter-based charges or findings against Mr. Jonas. The Order also noted that information concerning Mr. Jonas’s beneficial ownership interests in the four companies was disclosed separately in other filings with the Commission. 2
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 30, 2024 /s/ Joyce J. Mason Joyce J. Mason Attorney-in-Fact 3