Form 4 for CDZI CADIZ INC

Accepted 2021-08-17 00:00:00 ET · period of report 2021-08-13 · accession 0000923876-21-000005 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-08-17	2021-08-13	CDZI	Slater Scott S	CEO, Dir	M - OptEx	$0.00	+40.2K	69.6K	+137%	$0
D	2021-08-17	2021-08-13	CDZI	Slater Scott S	CEO, Dir	M - OptEx	$0.00	-85.0K	170.0K	-33%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-08-13	M	A	40,247	$0.00	69,634	D	—	—	(F1) Represents the vesting of 85,000 previously reported restricted stock units ("RSUs") and the concurrent issuance of a net of 40,247 shares of common stock as a consequence of such vesting, after giving effect to tax withholding as permitted under the approved terms applicable to the grant of the RSUs.
2	Derivative	Restricted Stock Units	2021-08-13	M	D	85,000	$0.00	170,000	D	— · — to —	85,000 Common Stock	(F4) The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested. (F2) Each previously reported RSU represents a contingent right to receive one share of Cadiz Inc. common stock. (F3) 85,000 of these RSUs owned following the reported transaction will vest upon the Company's entering into final binding water supply agreements for delivery of at least 9,500 acre-feet per year; and 85,000 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date.