FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

JONAS HOWARD S
2. Issuer Name and Ticker or Trading Symbol

Genie Energy Ltd. [ GNE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O GENIE ENERGY LTD., 520 BROAD STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/10/2023
(Street)

NEWARK, NJ 07102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock, par value $.01 per share 2/10/2023  M  110000 A (1)272449 (2)D  
Class B Common Stock, par value $.01 per share         99320 I By HSJ 2020 Genie Annuity Trust 
Class B Common Stock, par value $.01 per share         628640 I By HSJ 2022 Annuity Trust I 
Class B Common Stock, par value $.01 per share         1000156 I By HSJ 2020 IDT Annuity Trust 
Class B Common Stock, par value $.01 per share         85489 I By HSJ 2019 Genie Remainder Trust 
Class B Common Stock, par value $.01 per share         1556 I By Daughter (Miriam) 
Class B Common Stock, par value $.01 per share         275047 I By The Jonas Foundation 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units  (1)2/10/2023  M     110000   (3) (3)Class B Common Stock 110000 $0.00 0 D  

Explanation of Responses:
(1) Restricted Shares of the Issuer's Class B common stock issuable upon the vesting of Deferred Stock Units ("DSUs") on a one-for-one basis.
(2) Consists of 110,000 restricted shares of the Issuer's Class B common stock to be granted due to the vesting of DSUs; 19,116 shares of vested restricted stock; and 143,333 shares of unvested restricted stock 33,333 shares of which shall vest on January 5, 2024, 36,667 shares of which shall vest on each of August 3, 2023 and August 3, 2024, and 36,666 shares of which shall vest on August 3, 2025.
(3) On February 11, 2022, the Reporting Person was granted 110,000 DSUs, entitling the Reporting Person to a grant of 110,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock had a 30 trading day average closing price of $10.84 or greater. The shares were to vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
JONAS HOWARD S
C/O GENIE ENERGY LTD.
520 BROAD STREET
NEWARK, NJ 07102
X



Signatures
Joyce J. Mason, by Power of Attorney2/14/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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