X0306 4 2022-02-11 0 0001528356 Genie Energy Ltd. GNE 0001607743 STEIN MICHAEL M C/O GENIE ENERGY LTD. 520 BROAD STREET NEWARK NJ 07102 0 1 0 0 CHIEF EXECUTIVE OFFICER Class B Common Stock, par value $.01 per share 364898 D Class B Common Stock, par value $.01 per share 1556 I By Wife Deferred Stock Units 2022-02-11 4 A 0 90000 0.00 A 2023-02-10 Class B Common Stock 90000 90000 D Deferred Stock Units 2022-02-11 4 A 0 90000 0.00 A 2023-02-10 Class B Common Stock 90000 90000 D Consists of 178,604 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 104,896 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on each of November 4, 2022 and November 4, 2023. Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 90,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $9.04 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date. The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $9.04 or greater not occur, in which case no shares of restricted stock shall be granted. Each DSU entitles the Reporting Person to a grant of 90,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $10.84 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date. The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted. Joyce J. Mason, by Power of Attorney 2022-02-14