Jonas Amends IDT Corp Stake Filing
Ticker: IDT · Form: SC 13D/A · Filed: Sep 30, 2024 · CIK: 1005731
Sentiment: neutral
Topics: schedule-13d, amendment, beneficial-ownership
Related Tickers: IDT
TL;DR
Jonas updated his IDT Corp filing, check the details for share changes.
AI Summary
Howard S. Jonas has amended his Schedule 13D filing for IDT Corporation, reporting a change in beneficial ownership as of September 25, 2024. The filing indicates an amendment to a previous statement, but specific details on the nature of the change or the exact number of shares involved are not provided in this excerpt.
Why It Matters
Changes in beneficial ownership filings like this can signal shifts in control or significant investment activity by major shareholders, potentially impacting the stock price.
Risk Assessment
Risk Level: medium — Schedule 13D filings indicate significant ownership stakes, and amendments can signal changes in strategy or holdings that may affect the company's stock.
Key Players & Entities
- Howard S. Jonas (person) — Filing person and beneficial owner
- IDT Corporation (company) — Subject company
- 520 Broad Street Newark, NJ 07102 (address) — Mailing address for Howard S. Jonas and IDT Corporation
FAQ
What is the CUSIP number for IDT Corporation's Class B Common Stock?
The CUSIP number for IDT Corporation's Class B Common Stock is 448947309.
Who is authorized to receive notices and communications for this filing?
Howard S. Jonas, c/o IDT Corporation, 520 Broad Street, Newark, NJ 07102, is authorized to receive notices and communications.
What is the date of the event that requires this filing?
The date of the event which requires filing of this statement is September 25, 2024.
What is the primary business address of IDT Corporation?
The primary business address of IDT Corporation is 520 Broad St, Newark, NJ 07102.
What is the fiscal year end for IDT Corporation?
The fiscal year end for IDT Corporation is 0731.
Filing Stats: 526 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-30 17:44:17
Key Financial Figures
- $0.01 — suer) 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
- ea0216207-13da8jonas_idtcorp.htm (SC 13D/A) — 13KB
- 0001213900-24-083482.txt ( ) — 14KB
Identity and Background
Item 2. Identity and Background
of the Schedule 13D is hereby amended and supplemented as follows
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 IDT Corporation (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