[Form 4] IDT CORP Insider Trading Activity
IDT Corp director and COO & President Bill Pereira reported a sale of 41,933 shares of Class B common stock on 10/02/2025 at a reported price of $49.6308 per share. After the transaction he beneficially owns 42,500 shares directly, which the filer says include 5,055 fully vested restricted shares and 37,445 shares issued upon vesting of DSUs. The filing also discloses 3,472 shares indirectly held through a 401(k) plan as of 9/30/2025. The statement was signed by a power of attorney on 10/03/2025. The Form 4 records an insider disposition without additional explanations or related derivative transactions disclosed.
- Maintains direct ownership of 42,500 Class B shares after the sale
- 3,472 shares held indirectly in a 401(k) plan as of 9/30/2025
- 5,055 fully vested restricted shares retained as part of holdings
- Insider disposition of 41,933 Class B shares on 10/02/2025
- Sale reported at price of $49.6308 per share, reducing direct holdings
Insights
Insider sold a material block of shares while retaining a meaningful stake.
The filing shows a 10/02/2025 sale of 41,933 Class B shares at $49.6308. Such a transaction is a direct disposition reported under Section 16 and is material for disclosure purposes.
The reporting person still holds 42,500 shares directly and 3,472 indirectly via a 401(k) as of 9/30/2025, which indicates continued ownership interest despite the sale.
Form 4 properly reports the sale and remaining beneficial ownership; no derivatives or amendments shown.
The form lists transaction code S for sale and provides the required quantities, price, and post-transaction holdings. No derivative positions or amendments to prior filings are reported, and the form was executed by power of attorney on 10/03/2025.