George Karfunkel

CIK 1085765 · View on SEC EDGAR ↗

Insider

First SEC filing: Dec. 3, 2018 · Latest: Dec. 3, 2018

On this page

George Karfunkel is an American businessman, the co-founder of companies including AmTrust Financial Services, and a survivor of Operation Entebbe.

Read more

George Karfunkel (born 1948/1949) is an American businessman, the co-founder of companies including AmTrust Financial Services, and a survivor of Operation Entebbe.

Early life

George Karfunkel was born in Hungary, the son of Louis Karfunkel (1914–1997), a religious scholar and fishmonger, and his wife Clara. The family migrated to the US in the late 1950s, after the failed Hungarian Revolution of 1956, and lived in the Orthodox community of Boro Park in Brooklyn, New York City. His older brother Michael Karfunkel, died in April 2016, aged 72.

Career

In 1971, he co-founded American Stock Transfer & Trust Company, LLC.

In 1998, AmTrust Financial Services was founded by brothers George and Michael Karfunkel.

Karfunkel has been a director of Kodak since September 2013.

On July 29, 2020, Karfunkel and his wife Renee donated 3 million of their 6.3 million Kodak shares to Congregation Chemdas Yisroel, a tax-exempt religious organization, and they will be able to claim this donation as a tax deduction. Karfunkel founded Congregation Chemdas Yisroel in 2018. On July 27, the Trump administration awarded Kodak an "unprecedented" $765 million Defense Production Act loan, and the share price soared from $2.16 to $60. Upon the donation of 3 million of their 6.3 million Kodak shares, the Karfunkels would be entitled to a tax deduction of $116.3 million for shares that two days earlier had been worth $6.39 million. A new document filed on January 12, 2021, seemingly contradicts the previous security filing by specifying that only 2 million of their 6.3 million Kodak shares have been donated to the organization, thereby producing a tax deduction of $77.5 million.

Personal life

In 1976, he was one of the survivors of Operation Entebbe, when Palestinian terrorists hijacked an Air France plane and flew it to Entebbe, Uganda, and 102 of the 106 hostages were rescued by Israel Defense Forces (IDF) commandos.

Karfunkel is married to Renee. Their daughter Anne Neuberger works in the Biden administration as Deputy National Security Adviser for Cybersecurity. Anne Neuberger is married to Yehuda Neuberger.

== References ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

Insider at

Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 54 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

54 other filings hidden
Date Ticker Code Shares Price Value Owned after Δ own A/D vs now
Dec. 23, 2019 KODK S 400,000 $2.50 $1,000,000 6,306,276 Direct -5.96% Disposed 286.0% (price as of 2026-08-20)
Dec. 3, 2019 KODK P 4,437,605 $2.50 $11,094,012 6,706,276 Direct +195.60% Acquired 286.0% (price as of 2026-08-20)
April 26, 2017 KODK P 835,706 $10.75 $8,983,840 2,203,376 Direct +61.10% Acquired -10.2% (price as of 2026-08-20)
Nov. 7, 2016 1365555 P 25,000 $24.60 $615,000 25,000 Indirect — Acquired
Nov. 7, 2016 1365555 P 75,000 $25.30 $1,897,500 75,000 Indirect — Acquired
Nov. 7, 2016 1365555 P 25,000 $25.40 $635,000 25,000 Indirect — Acquired
Oct. 28, 2016 1365555 P 50,000 $25.80 $1,290,000 50,000 Indirect — Acquired
Aug. 21, 2014 1365555 P 17,583 $43.33 $761,871 9,871,286 Direct +0.18% Acquired
Aug. 20, 2014 1365555 P 82,417 $43.33 $3,571,129 9,853,703 Direct +0.84% Acquired
Dec. 18, 2013 1365555 P 300,000 $28.99 $8,697,000 9,771,286 Direct +3.17% Acquired
Dec. 12, 2013 1365555 P 200,000 $32.48 $6,496,000 9,471,286 Direct +2.16% Acquired
Sept. 3, 2013 KODK P 209,379 — — 1,245,844 Direct +20.20% Acquired (price as of 2026-08-20)
Sept. 3, 2013 KODK P 1,036,465 $11.94 $12,375,392 1,036,465 Direct — Acquired -19.2% (price as of 2026-08-20)
June 3, 2013 1365555 P 1,000,000 $25.00 $25,000,000 1,000,000 Direct — Acquired

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date Ticker Security Underlying Exercise price Expiration Shares A/D
May 18, 2021 KODK Restricted Stock Units Common Stock, par value $.01 (7,159) — May 18, 2021 7,159 Disposed
March 31, 2021 KODK Restricted Stock Units Common Stock, par value $.01 (7,159) — — 7,159 Acquired
Jan. 8, 2021 KODK Restricted Stock Units Common Stock, par value $.01 (46,729) — Jan. 8, 2021 46,729 Disposed
May 20, 2020 KODK Stock Option (Right to Buy) Common Stock, par value $.01 (3,666) $12.00 May 19, 2027 3,666 Acquired
May 20, 2020 KODK Stock Option (Right to Buy) Common Stock, par value $.01 (6,416) $6.03 May 19, 2027 6,416 Acquired
May 20, 2020 KODK Stock Option (Right to Buy) Common Stock, par value $.01 (6,416) $4.53 May 19, 2027 6,416 Acquired
May 20, 2020 KODK Stock Option (Right to Buy) Common Stock, par value $.01 (21,081) $3.03 May 19, 2027 21,081 Acquired
Jan. 8, 2020 KODK Restricted Stock Units Common Stock, par value $.01 (46,729) — — 46,729 Acquired
Jan. 8, 2020 KODK Restricted Stock Units Common Stock, par value $.01 (52,817) — Jan. 8, 2020 52,817 Disposed
Jan. 8, 2019 KODK Restricted Stock Units Common Stock, par value $.01 (52,817) — — 52,817 Acquired
Jan. 8, 2019 KODK Restricted Stock Units Common Stock, par value $.01 (48,388) — Jan. 8, 2019 48,388 Disposed
Jan. 9, 2018 KODK Restricted Stock Units Common Stock, par value $.01 (9,804) — Jan. 9, 2018 9,804 Disposed
Jan. 8, 2018 KODK Restricted Stock Units Common Stock, par value $.01 (48,388) — — 48,388 Acquired
Jan. 9, 2017 KODK Restricted Stock Units Common Stock, par value $.01 (9,804) — — 9,804 Acquired
Jan. 8, 2017 KODK Restricted Stock Units Common Stock, par value $.01 (14,327) — Jan. 8, 2017 14,327 Disposed
Jan. 1, 2017 KODK Restricted Stock Units Common Stock, par value $.01 (2,321) — Jan. 1, 2017 2,321 Disposed
Jan. 8, 2016 KODK Restricted Stock Units Common Stock, par value $.01 (14,327) — — 14,327 Acquired
Jan. 1, 2016 KODK Restricted Stock Units Common Stock, par value $.01 (10,074) — Jan. 1, 2016 10,074 Disposed
Jan. 1, 2016 KODK Restricted Stock Units Common Stock, par value $.01 (2,318) — — 2,318 Disposed
Aug. 11, 2015 KODK Restricted Stock Units Common Stock, par value $.01 (10,074) — — 10,074 Acquired
Feb. 25, 2015 KODK 135% Warrants to purchase Common Stock, par value $.01 Common Stock, par value $.01 (3,110) $16.12 Sept. 3, 2018 3,110 Acquired
Feb. 25, 2015 KODK 125% Warrants to purchase Common Stock, par value $.01 Common Stock, par value $.01 (3,110) $14.93 Sept. 3, 2018 3,110 Acquired
Jan. 1, 2015 KODK Restricted Stock Units Common Stock, par value $.01 (2,318) — — 2,318 Disposed
Aug. 20, 2014 KODK 135% Warrants to purchase Common Stock, par value $.01 Common Stock, par value $.01 (3,284) $16.12 Sept. 3, 2018 3,284 Acquired
Aug. 20, 2014 KODK 125% Warrants to purchase Common Stock, par value $.01 Common Stock, par value $.01 (3,284) $14.93 Sept. 3, 2018 3,284 Acquired
Dec. 31, 2013 KODK Restricted Stock Unit Common Stock, par value $.01 (6,957) $0.00 — 6,957 Acquired
Oct. 1, 2013 KODK 135% Warrants Common Stock (25,057) $16.12 Sept. 3, 2018 25,057 Acquired
Oct. 1, 2013 KODK 125% Warrants Common Stock (25,057) $14.93 Sept. 3, 2018 25,057 Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 6 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date Ticker Security Shares Ownership
Dec. 30, 2015 IMDX Common Shares, no par value 3,659,860 Direct
Oct. 15, 2013 KODK Common Stock 1,036,465 Direct
Oct. 15, 2013 KODK Common Stock 209,379 Direct
Sept. 12, 2013 KODK Common Stock 1,036,465 Direct
Sept. 12, 2013 KODK Common Stock 209,379 Direct
Sept. 12, 2013 KODK Common Stock 2,189,078 Indirect