Jonas Amends IDT Corp 13D Filing

TL;DR

Jonas updated his IDT Corp 13D filing, date of event April 16.

AI Summary

Howard S. Jonas filed an amendment (No. 7) to Schedule 13D on April 19, 2024, regarding his holdings in IDT Corporation. The filing indicates a change in the date of the event requiring this statement to April 16, 2024. Jonas is a significant shareholder and the filing is an update to his previous disclosures.

Why It Matters

This filing updates the ownership disclosure for a significant shareholder of IDT Corporation, providing transparency on potential changes in control or investment strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal potential activist investor activity or significant changes in beneficial ownership, which can introduce volatility.

Key Players & Entities

• IDT CORPORATION (company) — Subject Company
• Howard S. Jonas (person) — Filing Person
• 0001213900-24-034285 (filing_id) — Accession Number
• April 19, 2024 (date) — Filing Date
• April 16, 2024 (date) — Date of Event

FAQ

Key Financial Figures

• $0.01 — suer) Class B Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• ea0204267-13da7jonas_idtcorp.htm (SC 13D/A) — 35KB
• 0001213900-24-034285.txt ( ) — 36KB

Security and Issuer

Item 1. Security and Issuer This Amendment relates to the shares of Class B common stock, par value $0.01 per share (“Class B Common Stock”), of IDT Corporation (the “Company” or “IDT”). The principal executive offices of IDT are located at 520 Broad Street, Newark, New Jersey 07102.

Identity and Background

Item 2. Identity and Background This Amendment is being filed by Mr. Howard S. Jonas, 520 Broad St., Newark, NJ 07102. Mr. Jonas is the Chairman and the Chairman of the Board of Directors of IDT Corporation. During the last five years, Mr. Jonas has not been convicted in any criminal proceedings. During the last five years, Mr. Jonas was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and is not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration The matters set forth in Item 4 of this Amendment are incorporated in this Item 3 by reference as if fully set forth herein.

Purpose of Transaction

Item 4. Purpose of Transaction

is hereby amended

Item 4 is hereby amended and supplemented as follows: On December 27, 2023, Mr. Jonas disposed of 148,148 shares of Class B Common Stock from his direct holdings via bona fide gift to one or more third parties. On January 24, 2024, Mr. Jonas transferred 358,493 shares of Class B Common Stock from his direct holdings to the HSJ 2024 IDT Annuity Trust. On April 5, 2024, the HSJ 2024 IDT Annuity Trust transferred 358,493 shares of Class B Common Stock to Mr. Jonas’ direct holdings. On April 16, 2024, Mr. Jonas disposed of 136,340 shares of Class B Common Stock from his direct holdings via bona fide gift to one or more third parties. 3

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer Items 5 is hereby amended by deleting it in its entirety and substituting the following therefor: (a) As of the date of this Amendment, Howard S. Jonas beneficially owns an aggregate of 4,239,490 shares of Class B Common Stock consisting of the following: (i) 1,574,326 shares of Class A Common Stock (which are included herein because they are convertible into shares of the Company’s Class B common stock on a one-for-one basis) held by IDT Partners; (ii) 222,153 shares of Class B Common Stock held by Mr. Jonas directly; (iii) 197,641 shares of Class B Common Stock held by The Jonas Foundation; (iv) 1,811,711 shares of Class B Common Stock held by The HSJ 2019 Remainder Trust; (v) 78,016 shares of Class B Common Stock held by The HSJ 2022 Annuity Trust I; (vi) 342,779 shares of Class B Common Stock held by Chartwell Holding, LLC; and (vii) 3,864 shares of Class B Common Stock held by Mr. Jonas in his IDT Corporation 401(k) Plan account as of March 31, 2024. Mr. Jonas’ beneficial ownership represents approximately 16.7% of the issued and outstanding shares of Class B Common Stock and 70.2% of the combined voting power of the Company’s outstanding capital stock, based on 1,574,326 shares of Class A Common Stock and 23,813,251 shares of Class B Common Stock , issued and outstanding as of March 31, 2024. Stockholders are entitled to three votes for each share of Class A Common Stock held by them and one-tenth of one vote for each share of Class B Common Stock held by them. (b) This filing relates to shares that are owned directly by the Reporting Person, shares that are beneficially owned by the Reporting Person, and shares that are owned by trusts and other entities that are for the benefit of the Reporting Person’s children or where the Reporting Person and such children hold the pecuniary interests in the shares. In certain instances, Howard S. Jonas may be in a position to influence voting or d

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The matters set forth in Items 4 and 5 of this Amendment are incorporated in this Item 6 by reference as if fully set forth herein.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits Not applicable. 4

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: April 19, 2024 /s/ Joyce J. Mason Joyce J. Mason Attorney-in-Fact 5

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