IDT CFO Marcelo Fischer sells 9,333 Class B shares
The activity combines two Class B share sales with vesting-related issuance and share withholding tied to taxes and option costs.
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Rhea-AI Filing Summary
IDT Corp Chief Financial Officer Marcelo Fischer reported a mix of share issuances, option exercises, withholding and sales. On October 15, 2026, 10,416 deferred stock units vested, entitling him to receive 20,832 Class B shares. He exercised options for 4,257 shares at $38.43 per share and sold 4,812 shares at $82.0798 per share. The issuer withheld 11,499 shares for taxes on the unit vesting and 1,226 shares for option exercise price and taxes. He sold another 4,521 shares at $80.9288 per share on October 16, 2026; no Rule 10b5-1 plan is reported for the sales.
Following the respective transactions, the reported positions included 5,208 deferred stock units and 8,633 employee stock options. An indirect holding through the 401(k) Plan lists 2,719 Class B shares as of September 30, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock, par value $.01 per share | 4,521 | $80.9288 | $366K |
| Exercise | Deferred Stock Units F5 | 10,416 | $0.00 | $0.00 |
| Exercise | Employee Stock Option F6 | 4,257 | $0.00 | $0.00 |
| Exercise | Class B Common Stock, par value $.01 per share F1 | 20,832 | $81.825 | $1.70M |
| Tax Withholding | Class B Common Stock, par value $.01 per share F2 | 11,499 | $81.825 | $941K |
| Sale | Class B Common Stock, par value $.01 per share | 4,812 | $82.0798 | $395K |
| Exercise | Class B Common Stock, par value $.01 per share | 4,257 | $38.43 | $164K |
| Exercise Price or Tax Liability | Class B Common Stock, par value $.01 per share F3 | 1,226 | $81.08 | $99K |
| holding | Class B Common Stock, par value $.01 per share F4 | -- | -- | -- |
Footnotes (6)
- F1. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the October 15, 2026 vesting date, each of the 10,416 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 2.0 shares of Class B common stock.
- F2. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- F3. Represents shares withheld by the Issuer to pay the exercise price of the options and for tax purposes upon the exercise of the option.
- F4. As of September 30, 2026.
- F5. Represents 10,416 DSUs that vested on 10/15/2026. The 20,832 shares of Class B common stock that were issued is equal to 2.0 shares per vested DSU and was based on a September 18, 2024 grant of 15,624 DSUs which entitled the Reporting Person the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock.
- F6. Options vest as follows: 828 on October 15, 2025 (all of which were exercised on October 15, 2026); 6,031 on October 15, 2026 (3,429 of which were exercised on October 15, 2026); and 6,031 on October 15, 2027.
Key Figures
Key Terms
deferred stock units financial
Equity Growth Program financial
vesting date financial
exercise price financial
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What were the terms of Marcelo Fischer's IDT option exercise?
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