X0306 4 2019-06-05 0 0001005731 IDT CORP IDT 0001422969 PEREIRA BILL 520 BROAD STREET NEWARK NJ 07102 1 0 0 1 COO & President Class B Common Stock, par value $.01 per share 20193 D Class B Common Stock, par value $.01 per share 3560 I By 401(k) Plan Deferred Stock Units 2019-06-05 4 A 0 25000 0.00 A 2022-01-05 Class B Common Stock 25000 25000 D Consists of fully vested shares of Restricted Stock. As of May 31, 2019. Represents a grant of 25,000 deferred stock units ("DSUs"). Each DSU is the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock. Vesting is in thirds in January 2020, 2021 and 2022. The number of shares that will actually vest for each DSU depends on the market price for the Class B common stock as of the relevant vesting date. 1/2 of a share will be issued for each DSU if the market price on the vesting date is less than $3.255 (50% of the grant date value of a share of Class B common stock) and 2 shares will be issued for each DSU if the market price on the vesting date is $13.02 (200% of the grant date value) or greater, with a proportionate amount to vest based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 12,500 and 50,000 shares of Class B common stock. Joyce J. Mason, by Power of Attorney 2019-06-07