IDT Form 144: Proposed sale of 41,933 Class B shares ($2.08M)

IDT CORP (IDT) filed a Form 144 reporting a proposed sale of 41,933 Class B Common shares through Morgan Stanley Smith Barney LLC on the NYSE with an approximate aggregate market value of $2,081,168.34.

Rhea-AI Filing Summary

IDT CORP (IDT) filed a Form 144 reporting a proposed sale of 41,933 Class B Common shares through Morgan Stanley Smith Barney LLC on the NYSE with an approximate aggregate market value of $2,081,168.34. The shares were acquired on 02/25/2025 by restricted stock vesting under a registered plan and paid as services rendered. The filer reports no sales of the issuer's securities in the past three months. The proposed sale is scheduled for 10/02/2025. The filer certifies they are not aware of undisclosed material adverse information about the issuer.

Positive

• 41,933 shares were acquired via restricted stock vesting, indicating compensation alignment
• No securities of the issuer were sold by the filer in the past 3 months

Negative

• Proposed sale equals $2,081,168.34 in market value, which may represent a meaningful insider liquidation
• The planned sale date is 10/02/2025, potentially increasing near-term share supply on the NYSE

Insights

Securities Counsel

Form 144 documents an insider sale plan tied to restricted stock vesting.

The notice shows 41,933 shares vested on 02/25/2025 and are proposed for sale on 10/02/2025, which is consistent with a Rule 144 disposition by an affiliate or control person.

The filer affirms no undisclosed material adverse information; that representation is required under the form and may be relevant for compliance checks prior to sale execution.

Equity Markets Analyst

Insider sale value of $2.08M is disclosed but no recent prior sales were reported.

A sale of 41,933 shares with an aggregate value of $2,081,168.34 will be executed via Morgan Stanley Smith Barney LLC on the NYSE on 10/02/2025. The filing does not state any other transactions in the prior three months.

FAQ

What does IDT's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 41,933 Class B Common shares with an aggregate market value of $2,081,168.34 scheduled for 10/02/2025 on the NYSE.

How were the shares acquired according to the filing?

The shares were acquired on 02/25/2025 through restricted stock vesting under a registered plan and were paid as services rendered.

Who is the broker handling the sale?

The broker listed is Morgan Stanley Smith Barney LLC, address shown as 1 New York Plaza, 8th Floor, New York, NY.

Did the filer report any other sales in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Does the filer assert knowledge of undisclosed material information?

Yes; by signing the notice the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

What class of shares is being sold and on which exchange?

The filing specifies Class B Common shares to be sold on the NYSE.

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Accepted by SEC EDGAR 10/02/2025 - 04:04 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001422969
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	IDT CORPORATION
SEC File Number	001-16371
Address of Issuer	520 Broad Street Newark NEW JERSEY 07102
Phone	(973) 438-1000
Name of Person for Whose Account the Securities are To Be Sold	ABILIO PEREIRA
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class B Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	41933	2081168.34	23656689	10/02/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class B Common	02/25/2025	Restricted stock vesting under a registered plan	Issuer			41933	02/25/2025	Services Rendered

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	10/02/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Abilio Pereira
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)