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IDT (NYSE: IDT) files notice to sell Class B Common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

IDT has a notice of proposed sale under Form 144 covering 9,877 shares of Class B Common stock, to be sold through Morgan Stanley Smith Barney LLC on or after July 15, 2026 on the NYSE.

The shares trace to restricted stock that vested under registered plans on several dates, including 5,216 shares on December 5, 2024; 2,661 shares on May 17, 2023; and smaller grants. These awards were issued by the company as compensation for services rendered.

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Shares to be sold 9,877 shares of Class B Common Notice of proposed sale under Form 144
Aggregate market value $619,386.67 Value of Class B shares covered by the proposed sale
Shares outstanding 23,294,240 shares Class B Common shares stated as outstanding
Approximate sale date 07/15/2026 Date on or after which the shares may be sold
Restricted stock vesting 12/05/2024 5,216 shares Shares acquired via restricted stock vesting under a registered plan
Restricted stock vesting 05/17/2023 2,661 shares Shares acquired via restricted stock vesting under a registered plan
Restricted stock vesting 02/21/2024 1,464 shares Shares acquired via restricted stock vesting under a registered plan
Form 144 regulatory
"notice of proposed sale under Form 144 covering 9,877 shares"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
restricted stock financial
"shares trace to restricted stock that vested under registered plans"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
registered plan financial
"Restricted Stock Vesting Under a Registered Plan | Issuer"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
Class B Common financial
"notice of proposed sale under Form 144 covering 9,877 shares of Class B Common"
services rendered financial
"awards were issued by the company as compensation for services rendered"
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FAQ

What does the Form 144 filing for IDT indicate?
The Form 144 for IDT indicates a proposed sale of 9,877 shares of Class B Common stock through Morgan Stanley Smith Barney LLC, with an approximate sale date of July 15, 2026 on the NYSE.

How many IDT Class B shares are covered and what is their value?
The notice covers 9,877 IDT Class B shares with an aggregate market value of $619,386.67. The filing also lists 23,294,240 Class B shares outstanding as context for the proposed transaction.

When were the IDT shares proposed for sale originally acquired?
The IDT shares were acquired through restricted stock vesting under registered plans on multiple dates, including May 17, 2023, February 21, 2024, and December 5, 2024, as compensation from the issuer.

How were the IDT Class B shares acquired before this Form 144 filing?
The IDT Class B shares came from restricted stock that vested under a registered plan, issued directly by the issuer for services rendered. Individual vesting lots include 5,216, 2,661, 1,464, 370, and 166 shares.

Does the IDT Form 144 show any sales in the last three months?
The Form 144 includes a section for Securities Sold During The Past 3 Months, but no specific transactions are listed in the provided details, so no recent sales are shown here.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR