Form 4 for CDZI CADIZ INC
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001519037-23-000001 · 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 | 2023-03-03 | 2023-03-01 | CDZI | Slater Scott S | CEO, Dir | M - OptEx | $0.00 | +40.2K | 109.9K | +58% | $0 |
| D | 2023-03-03 | 2023-03-01 | CDZI | Slater Scott S | CEO, Dir | M - OptEx | $0.00 | -85.0K | 85.0K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-01 | M | A | 40,247 | $0.00 | 109,881 | 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 | 2023-03-01 | M | D | 85,000 | $0.00 | 85,000 | 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, subject to the Reporting Person's continuing employment as of such vesting date. |