George Karfunkel

American businessman

George Karfunkel (born 1948/1949) is an American businessman, the co-founder of companies including AmTrust Financial Services, and a survivor of Operation Entebbe.2

From Wikipedia’s article on George Karfunkel (this version), CC BY-SA 4.0.

Companies

Holdings

Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.

Shares held

  • Kodak KODK6,679,223 shares10$59.7M at $8.95May 18, 2021

As of each latest filing. The line shows shares held over time.

Recent filings

  • May 18, 2021Exercised options 7,159 shares of Kodak10
  • Jan 8, 2021Exercised options 46,729 shares of Kodak11
  • Jul 29, 2020Gift 2,000,000 shares of Kodak11
  • Mar 31, 2020Granted 10,839 shares of Kodak12
  • Jan 8, 2020Exercised options 52,817 shares of Kodak13
  • Dec 31, 2019Granted 4,033 shares of Kodak14
  • Dec 23, 2019Sold 400,000 shares at $2.50 of Kodak15
  • Dec 3, 2019Bought 4,437,605 shares at $2.50 of Kodak16
  • Sep 30, 2019Granted 7,103 shares of Kodak17
  • Jan 8, 2019Exercised options 48,388 shares of Kodak18
  • Jan 9, 2018Exercised options 9,804 shares of Kodak19
  • Apr 26, 2017Bought 835,706 shares at $10.75 of Kodak20
  • Jan 8, 2017Exercised options 14,327 shares of Kodak21
  • Jan 1, 2017Exercised options 2,321 shares of Kodak22
  • Jan 1, 2016Exercised options 10,074 shares of Kodak23
  • Jan 1, 2016Exercised options 2,318 shares of Kodak23
  • Feb 25, 2015Granted 8,911 shares of Kodak22
  • Jan 1, 2015Exercised options 2,318 shares of Kodak24
  • Aug 16, 2014Granted 9,451 shares of Kodak22
  • Sep 30, 2013Other 72,106 shares of Kodak25
  • Sep 3, 2013Bought 2,189,078 shares at $11.94 of Kodak26
  • Sep 3, 2013Bought 209,379 shares of Kodak27
  • Sep 3, 2013Bought 209,379 shares of Kodak26
  • Sep 3, 2013Bought 1,036,465 shares at $11.94 of Kodak27
  • Sep 3, 2013Bought 1,036,465 shares at $11.94 of Kodak26

Trade performance

DateStockTradeValueReturn sinceVs S&P sinceVs S&P, 1 year
Dec 23, 2019KODKSale$1.0M+150.6%−10.3%−151.6%
Dec 3, 2019KODKBuy$11.1M+257.4%+108.0%+170.4%

Returns are price-only (no dividends), measured from the trade date.

Early life and education

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.

From Wikipedia’s article on George Karfunkel (this version), CC BY-SA 4.0.

Career

Occupation: entrepreneur.4

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.

From Wikipedia’s article on George Karfunkel (this version), CC BY-SA 4.0.

Personal life

  • BornHungary5
  • CitizenshipUnited States6

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.

From Wikipedia’s article on George Karfunkel (this version), CC BY-SA 4.0.