Susan P. Kennedy - Jul 13, 2023 Form 4 Insider Report for CADIZ INC (CDZI)

Role
Director
Signature
Susan P. Kennedy
Stock symbol
CDZI
Transactions as of
Jul 13, 2023
Transactions value $
$49,000
Form type
4
Date filed
7/17/2023, 08:27 AM
Previous filing
Jun 20, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDZI Common Stock Purchase $49K +14K +25.3% $3.50 69.3K Jul 13, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CDZI Performance Rights 450K Jul 13, 2023 Common Stock 450K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Previously reported.
F2 Each performance right represents a contingent right to receive one share of the Issuer's common stock. 200,000 of the performance rights vest upon the Issuer's common stock achieving an market price of $7 per share; 150,000 vest upon the Issuer's common stock achieving a market price of $9 per share; 50,000 vest upon the Issuer's common stock achieving a market price of$11per share, and 50,000 vest upon the Issuer's common stock achieving a market price of $13 per share. Performance rights are payable in the form of either cash or common stock registered under a stockholder approved equity incentive plan under which a sufficient number of shares of common stock then remains available for issuance.
F3 The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.