Former IDT (IDT) director exits with 2,408-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IDT CORP former director Irwin Katsof sold his remaining Class B Common Stock in an open-market transaction. On June 11, 2026, he sold 2,408 shares at an average price of $55.0272 per share. Following this sale, the filing shows he directly owns 0 shares of this class.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,408 shares ($132,505)
Net Sell
1 txn
Insider
KATSOF IRWIN
Role
null
Sold
2,408 shs ($133K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock, par value $.01 per share | 2,408 | $55.0272 | $133K |
Holdings After Transaction:
Class B Common Stock, par value $.01 per share — 0 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 2,408 shares
Average sale price: $55.0272 per share
Shares owned after transaction: 0 shares
+2 more
5 metrics
Shares sold
2,408 shares
Class B Common Stock sold on June 11, 2026
Average sale price
$55.0272 per share
Open-market sale of Class B Common Stock
Shares owned after transaction
0 shares
Direct holdings of Class B Common Stock post-sale
Transaction code
S
Sale in open market or private transaction
Transaction count
1 sale
Non-derivative transactions in this Form 4
Key Terms
Class B Common Stock, open-market sale, non-derivative, transaction code S
4 terms
Class B Common Stock financial
"Class B Common Stock, par value $.01 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
non-derivative financial
"transaction_type: non-derivative"
transaction code S regulatory
"transaction_code: S"
FAQ
What insider transaction did IDT (IDT) disclose in this Form 4?
IDT CORP reported that former director Irwin Katsof completed an open-market sale of Class B Common Stock. He sold 2,408 shares and, after the transaction, the filing shows he directly holds 0 shares of this class.
Was the IDT (IDT) insider trade an open-market sale or another type of transaction?
The Form 4 classifies the transaction as an open-market sale of non-derivative securities. It uses transaction code “S” and describes the action as a sale in open market or private transaction for Class B Common Stock.
Does the IDT (IDT) Form 4 involve any derivative securities or option exercises?
The disclosed Form 4 only reports a non-derivative transaction in Class B Common Stock. The derivative summary section is empty, indicating no options, warrants, or other derivative securities were exercised or converted in this particular filing.