George Karfunkel
First SEC filing: Dec. 3, 2018 · Latest: Dec. 3, 2018
Biography
George Karfunkel is an American businessman, the co-founder of companies including AmTrust Financial Services, and a survivor of Operation Entebbe.
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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 ↗
Insider at
Insider transactions
Price change vs the latest weekly close (updated to the current quote in your browser when available), split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| May 18, 2021 | KODK | M | 7,159 | · | · | 4,490,145 Direct | +0.16% | Acquired | |
| May 18, 2021 | KODK | M | 7,159 | · | · | 0 Direct | -100.00% | Disposed | |
| March 31, 2021 | KODK | A | 7,159 | · | · | 7,159 Direct | · | Acquired | |
| Jan. 8, 2021 | KODK | M | 46,729 | · | · | 4,420,694 Direct | +1.07% | Acquired | |
| Jan. 8, 2021 | KODK | M | 46,729 | · | · | 0 Direct | -100.00% | Disposed | |
| July 29, 2020 | KODK | G | 2,000,000 | · | · | 4,373,965 Direct | -31.38% | Disposed | |
| May 20, 2020 | KODK | A | 21,081 | · | · | 21,081 Direct | · | Acquired | |
| May 20, 2020 | KODK | A | 6,416 | · | · | 6,416 Direct | · | Acquired | |
| May 20, 2020 | KODK | A | 6,416 | · | · | 6,416 Direct | · | Acquired | |
| May 20, 2020 | KODK | A | 3,666 | · | · | 3,666 Direct | · | Acquired | |
| March 31, 2020 | KODK | A | 10,839 | · | · | 6,373,965 Direct | +0.17% | Acquired | |
| Jan. 8, 2020 | KODK | M | 52,817 | · | · | 6,363,126 Direct | +0.84% | Acquired | |
| Jan. 8, 2020 | KODK | M | 52,817 | · | · | 0 Direct | -100.00% | Disposed | |
| Jan. 8, 2020 | KODK | A | 46,729 | · | · | 46,729 Direct | · | Acquired | |
| Dec. 31, 2019 | KODK | A | 4,033 | · | · | 6,310,309 Direct | +0.06% | Acquired | |
| Dec. 23, 2019 | KODK | S | 400,000 | $2.50 | $1,000,000 | 6,306,276 Direct | -5.96% | Disposed | 274.4% (price as of ) |
| Dec. 3, 2019 | KODK | P | 4,437,605 | $2.50 | $11,094,012 | 6,706,276 Direct | +195.60% | Acquired | 274.4% (price as of ) |
| Sept. 30, 2019 | KODK | A | 7,103 | · | · | 2,268,671 Direct | +0.31% | Acquired | |
| Jan. 8, 2019 | KODK | M | 48,388 | · | · | 2,261,568 Direct | +2.19% | Acquired | |
| Jan. 8, 2019 | KODK | M | 48,388 | · | · | 0 Direct | -100.00% | Disposed | |
| Jan. 8, 2019 | KODK | A | 52,817 | · | · | 52,817 Direct | · | Acquired | |
| Nov. 29, 2018 | 1365555 | D | 19,342,572 | · | · | 0 Direct | -100.00% | Disposed | |
| Nov. 29, 2018 | 1365555 | D | 880,000 | · | · | 0 Indirect | -100.00% | Disposed | |
| Nov. 29, 2018 | 1365555 | D | 12,215,836 | · | · | 0 Indirect | -100.00% | Disposed | |
| Jan. 9, 2018 | KODK | M | 9,804 | · | · | 2,213,180 Direct | +0.44% | Acquired | |
| Jan. 9, 2018 | KODK | M | 9,804 | · | · | 0 Direct | -100.00% | Disposed | |
| Jan. 8, 2018 | KODK | A | 48,388 | · | · | 48,388 Direct | · | Acquired | |
| April 26, 2017 | KODK | P | 835,706 | $10.75 | $8,983,840 | 2,203,376 Direct | +61.10% | Acquired | -12.9% (price as of ) |
| Jan. 9, 2017 | KODK | A | 9,804 | · | · | 9,804 Direct | · | Acquired | |
| Jan. 8, 2017 | KODK | M | 14,327 | · | · | 1,367,670 Direct | +1.06% | Acquired | |
| Jan. 8, 2017 | KODK | M | 14,327 | · | · | 0 Direct | -100.00% | Disposed | |
| Jan. 1, 2017 | KODK | M | 2,321 | · | · | 1,353,343 Direct | +0.17% | Acquired | |
| Jan. 1, 2017 | KODK | M | 2,321 | · | · | 0 Direct | -100.00% | Disposed | |
| Nov. 7, 2016 | 1365555 | P | 25,000 | $25.40 | $635,000 | 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 | $24.60 | $615,000 | 25,000 Indirect | · | Acquired | |
| Oct. 28, 2016 | 1365555 | P | 50,000 | $25.80 | $1,290,000 | 50,000 Indirect | · | Acquired | |
| Jan. 8, 2016 | KODK | A | 14,327 | · | · | 14,327 Direct | · | Acquired | |
| Jan. 1, 2016 | KODK | M | 2,318 | · | · | 1,322,586 Direct | +0.18% | Acquired | |
| Jan. 1, 2016 | KODK | M | 10,074 | · | · | 1,332,660 Direct | +0.76% | Acquired | |
| Jan. 1, 2016 | KODK | M | 2,318 | · | · | 2,321 Direct | -49.97% | Disposed | |
| Jan. 1, 2016 | KODK | M | 10,074 | · | · | 0 Direct | -100.00% | Disposed | |
| Dec. 30, 2015 | 1365555 | G | 200,000 | · | · | 9,671,286 Direct | -2.03% | Disposed | |
| Aug. 11, 2015 | KODK | A | 10,074 | · | · | 10,074 Direct | · | Acquired | |
| March 24, 2015 | 1365555 | G | 1,600,000 | · | · | 6,107,918 Indirect | -20.76% | Disposed | |
| Feb. 25, 2015 | KODK | A | 8,911 | · | · | 1,351,022 Direct | +0.66% | Acquired | |
| Feb. 25, 2015 | KODK | A | 3,110 | · | · | 31,451 Direct | +10.97% | Acquired | |
| Feb. 25, 2015 | KODK | A | 3,110 | · | · | 31,451 Direct | +10.97% | Acquired | |
| Jan. 1, 2015 | KODK | M | 2,318 | · | · | 2,318 Direct | · | Acquired | |
| Jan. 1, 2015 | KODK | M | 2,318 | · | · | 4,639 Direct | -33.32% | Disposed | |
| Nov. 12, 2014 | 1365555 | G | 100,000 | · | · | 7,707,918 Indirect | -1.28% | Disposed | |
| Aug. 21, 2014 | 1365555 | P | 17,583 | $43.33 | $761,871 | 9,871,286 Direct | +0.18% | Acquired | |
| Aug. 20, 2014 | KODK | A | 3,284 | · | · | 28,341 Direct | +13.11% | Acquired | |
| Aug. 20, 2014 | KODK | A | 3,284 | · | · | 28,341 Direct | +13.11% | Acquired | |
| Aug. 20, 2014 | 1365555 | P | 82,417 | $43.33 | $3,571,129 | 9,853,703 Direct | +0.84% | Acquired | |
| Aug. 16, 2014 | KODK | A | 9,451 | · | · | 1,342,111 Direct | +0.71% | Acquired | |
| June 26, 2014 | 1365555 | G | 119,742 | · | · | 7,807,918 Indirect | -1.51% | Disposed | |
| Dec. 31, 2013 | KODK | A | 6,957 | · | · | 6,957 Direct | · | 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 | |
| Oct. 1, 2013 | KODK | J | 25,057 | · | · | 25,057 Direct | · | Acquired | |
| Oct. 1, 2013 | KODK | J | 25,057 | · | · | 25,057 Direct | · | Acquired | |
| Sept. 30, 2013 | KODK | J | 72,106 | · | · | 1,317,950 Direct | +5.79% | Acquired | |
| Sept. 3, 2013 | KODK | P | 1,036,465 | $11.94 | $12,375,392 | 1,036,465 Direct | · | Acquired | -21.6% (price as of ) |
| Sept. 3, 2013 | KODK | P | 209,379 | · | · | 1,245,844 Direct | +20.20% | Acquired | |
| June 3, 2013 | 1365555 | P | 1,000,000 | $25.00 | $25,000,000 | 1,000,000 Direct | · | Acquired | |
| Oct. 22, 2012 | 1365555 | G | 400,000 | · | · | 8,428,442 Direct | -4.53% | Disposed | |
| Dec. 31, 2007 | 1365555 | G | 1,150,000 | · | · | 7,985,714 Indirect | -12.59% | Disposed |
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 | · | May 18, 2021 | 7,159 | Disposed |
| March 31, 2021 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 7,159 | Acquired |
| Jan. 8, 2021 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 8, 2021 | 46,729 | Disposed |
| May 20, 2020 | KODK | Stock Option (Right to Buy) | Common Stock, par value $.01 | $3.03 | May 19, 2027 | 21,081 | Acquired |
| May 20, 2020 | KODK | Stock Option (Right to Buy) | Common Stock, par value $.01 | $4.53 | May 19, 2027 | 6,416 | Acquired |
| May 20, 2020 | KODK | Stock Option (Right to Buy) | Common Stock, par value $.01 | $6.03 | May 19, 2027 | 6,416 | Acquired |
| May 20, 2020 | KODK | Stock Option (Right to Buy) | Common Stock, par value $.01 | $12.00 | May 19, 2027 | 3,666 | Acquired |
| Jan. 8, 2020 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 8, 2020 | 52,817 | Disposed |
| Jan. 8, 2020 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 46,729 | Acquired |
| Jan. 8, 2019 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 8, 2019 | 48,388 | Disposed |
| Jan. 8, 2019 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 52,817 | Acquired |
| Jan. 9, 2018 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 9, 2018 | 9,804 | Disposed |
| Jan. 8, 2018 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 48,388 | Acquired |
| Jan. 9, 2017 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 9,804 | Acquired |
| Jan. 8, 2017 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 8, 2017 | 14,327 | Disposed |
| Jan. 1, 2017 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 1, 2017 | 2,321 | Disposed |
| Jan. 8, 2016 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 14,327 | Acquired |
| Jan. 1, 2016 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 2,318 | Disposed |
| Jan. 1, 2016 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | Jan. 1, 2016 | 10,074 | Disposed |
| Aug. 11, 2015 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 10,074 | Acquired |
| Feb. 25, 2015 | KODK | 125% Warrants to purchase Common Stock, par value $.01 | Common Stock, par value $.01 | $14.93 | Sept. 3, 2018 | 3,110 | Acquired |
| Feb. 25, 2015 | KODK | 135% Warrants to purchase Common Stock, par value $.01 | Common Stock, par value $.01 | $16.12 | Sept. 3, 2018 | 3,110 | Acquired |
| Jan. 1, 2015 | KODK | Restricted Stock Units | Common Stock, par value $.01 | · | · | 2,318 | Disposed |
| Aug. 20, 2014 | KODK | 125% Warrants to purchase Common Stock, par value $.01 | Common Stock, par value $.01 | $14.93 | Sept. 3, 2018 | 3,284 | Acquired |
| Aug. 20, 2014 | KODK | 135% Warrants to purchase Common Stock, par value $.01 | Common Stock, par value $.01 | $16.12 | Sept. 3, 2018 | 3,284 | Acquired |
| Dec. 31, 2013 | KODK | Restricted Stock Unit | Common Stock, par value $.01 | $0.00 | · | 6,957 | Acquired |
| Oct. 1, 2013 | KODK | 125% Warrants | Common Stock | $14.93 | Sept. 3, 2018 | 25,057 | Acquired |
| Oct. 1, 2013 | KODK | 135% Warrants | Common Stock | $16.12 | 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 |
Holdings reported on Form 4 36 reported holdings
Positions listed on each Form 4 without a transaction in that filing (Table I and II holdings), newest filing first.
| Date | Ticker | Security | Shares | Exercise price | Expiration | Ownership |
|---|---|---|---|---|---|---|
| May 20, 2021 | KODK | Stock Option (Right to Buy) | 21,081 | $3.03 | May 19, 2027 | Direct |
| May 20, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $4.53 | May 19, 2027 | Direct |
| May 20, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $6.03 | May 19, 2027 | Direct |
| May 20, 2021 | KODK | Stock Option (Right to Buy) | 3,666 | $12.00 | May 19, 2027 | Direct |
| April 2, 2021 | KODK | Common Stock, par value $.01 | 4,482,986 | · | · | Direct |
| April 2, 2021 | KODK | Stock Option (Right to Buy) | 21,081 | $3.03 | May 19, 2027 | Direct |
| April 2, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $4.53 | May 19, 2027 | Direct |
| April 2, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $6.03 | May 19, 2027 | Direct |
| April 2, 2021 | KODK | Stock Option (Right to Buy) | 3,666 | $12.00 | May 19, 2027 | Direct |
| Jan. 12, 2021 | KODK | Stock Option (Right to Buy) | 21,081 | $3.03 | May 19, 2027 | Direct |
| Jan. 12, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $4.53 | May 19, 2027 | Direct |
| Jan. 12, 2021 | KODK | Stock Option (Right to Buy) | 6,416 | $6.03 | May 19, 2027 | Direct |
| Jan. 12, 2021 | KODK | Stock Option (Right to Buy) | 3,666 | $12.00 | May 19, 2027 | Direct |
| May 22, 2020 | KODK | Common Stock, par value $.01 | 6,373,965 | · | · | Direct |
| May 22, 2020 | KODK | Restricted Stock Units | 46,729 | · | · | Direct |
| April 2, 2020 | KODK | Restricted Stock Units | 46,729 | · | · | Direct |
| Jan. 3, 2020 | KODK | Restricted Stock Units | 52,817 | · | · | Direct |
| Dec. 26, 2019 | KODK | Restricted Stock Units | 52,817 | · | · | Direct |
| Dec. 5, 2019 | KODK | Restricted Stock Units | 52,817 | · | · | Direct |
| Oct. 1, 2019 | KODK | Restricted Stock Units | 52,817 | · | · | Direct |
| Jan. 10, 2018 | KODK | 125% Warrants to purchase Common Stock, par value $.01 | · | $14.93 | Sept. 3, 2018 | Direct |
| Jan. 10, 2018 | KODK | 135% Warrants to purchase Common Stock, par value $.01 | · | $16.12 | Sept. 3, 2018 | Direct |
| April 28, 2017 | KODK | Restricted Stock Units | 9,804 | · | · | Direct |
| April 28, 2017 | KODK | 125% Warrants to purchase Common Stock, par value $.01 | · | $14.93 | Sept. 3, 2018 | Direct |
| April 28, 2017 | KODK | 135% Warrants to purchase Common Stock, par value $.01 | · | $16.12 | Sept. 3, 2018 | Direct |
| Jan. 10, 2017 | KODK | 125% Warrants to purchase Common Stock, par value $.01 | · | $14.93 | Sept. 3, 2018 | Direct |
| Jan. 10, 2017 | KODK | 135% Warrants to purchase Common Stock, par value $.01 | · | $16.12 | Sept. 3, 2018 | Direct |
| Jan. 4, 2017 | KODK | Restricted Stock Units | 14,327 | · | · | Direct |
| Jan. 12, 2016 | KODK | Common Stock, par value $.01 | 1,332,660 | · | · | Direct |
| Jan. 12, 2016 | KODK | Restricted Stock Units | 2,321 | · | · | Direct |
| Aug. 13, 2015 | KODK | Common Stock, par value $.01 | 1,320,268 | · | · | Direct |
| Aug. 13, 2015 | KODK | Restricted Stock Units | 4,639 | · | · | Direct |
| Feb. 5, 2008 | 1365555 | Common Stock | 9,033,000 | · | · | Direct |
| Feb. 5, 2008 | 1365555 | Common Stock | 1,551,786 | · | · | Indirect |
| Nov. 27, 2007 | 1365555 | Common Stock | 9,033,000 | · | · | Direct |
| Nov. 27, 2007 | 1365555 | Common Stock | 10,285,714 | · | · | Indirect |