Form 4 for CDZI CADIZ INC

Accepted 2023-03-02 00:00:00 ET · period of report 2023-03-01 · accession 0000923876-23-000002 · 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	2023-03-02	2023-03-01	CDZI	SPEER STANLEY E	CFO	M - OptEx	$0.00	+20.1K	59.6K	+51%	$0
D	2023-03-02	2023-03-01	CDZI	SPEER STANLEY E	CFO	M - OptEx	$0.00	-42.5K	42.5K	-50%	$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	2023-03-01	M	A	20,124	$0.00	59,584	D	—	—	(F1) Represents the vesting of 42,500 previously reported restricted stock units ("RSUs") and the concurrent issuance of net 20,124 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	2023-03-01	M	D	42,500	$0.00	42,500	D	— · — to —	42,500 Common Stock	(F1) Represents the vesting of 42,500 previously reported restricted stock units ("RSUs") and the concurrent issuance of net 20,124 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. (F4) The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of the securities has vested. (F2) Each previously reported RSU represents a contingent right to receive one share of Cadiz Inc. common stock. (F3) 42,500 of these RSUs owned following the reporting 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, subject to the Reporting Person's continuing employment as of such vesting date.