Idt (NYSE: IDT) director Schorr sells shares for about $1.12 million

What happened

Idt Corp (NYSE: IDT) director Judah Schorr sold 13,753 shares of Class B Common Stock on 2026-10-14 and 2026-10-15. The filing is a Form 4 dated 2026-10-16. On 2026-10-14, Schorr sold 6,036 shares at $81.7635, leaving 116,389 shares directly owned.

On 2026-10-15, Schorr sold 7,717 shares at $81.5675, leaving 108,672 shares directly owned. The two sales totaled about $1.12 million. Both transactions were reported as sales, and the filing also lists 7,000 shares through the Schorr Family Trust and 132 through an IRA.

Key numbers

Metric	Latest	Change	Source
Shares sold	13,753 shares		SEC Form 4
Sale price range	from $81.57 to $81.76 per share		SEC Form 4
Total sale value	about $1.12 million		SEC Form 4
Direct shares held after sale	108,672 shares		SEC Form 4
Sold as share of pre-trade direct holding	11.2%		Calculated from SEC Form 4

Read more: Idt (IDT) stock analysis and investment case

Why it matters

OptimistFi's case is that IDT's equity value depends on higher-margin growth engines replacing legacy telecom faster than competitors commoditize them. Schorr's sale weakens that view a bit because the director reduced direct holdings by 13,753 shares, or 11.2% of the pre-trade stake. The filing's calculation puts Schorr's direct holding before the sales at 122,425 shares and after them at 108,672 shares.

That still leaves a direct position above 100,000 shares, plus indirect interests through the Schorr Family Trust and an IRA. The calculated 11.2% cut gives investors a clear benchmark for later filings. The sale does not change the company's operations, but it does update the ownership picture that investors can track in a case built around a faster shift toward higher-margin growth engines.

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What's next

The next quarterly report is the clearest future checkpoint for the thesis. A report showing more progress toward higher-margin growth would strengthen the case. A report showing little change would leave this filing as a director reducing a direct stake while the broader operating mix still needs to prove itself. If that report shows more progress, the sale will look less important as a signal.

Until then, the filing serves as a dated ownership baseline, not a verdict on the business, and it leaves Schorr still meaningfully exposed to the stock. The direct stake remains large enough that later sales or holdings changes will be easy to compare.

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