Eric W. Thornburg - Dec 31, 2021 Form 4 Insider Report for SJW GROUP (SJW)

Role: President & CEO, Director
Signature: /s/ Willie Brown Attorney-in-Fact for Eric W. Thornburg
Stock symbol: SJW
Transactions as of: Dec 31, 2021
Transactions value $: -$43,627
Form type: 4
Date filed: 1/4/2022, 12:14 PM
Previous filing: Aug 17, 2021
Next filing: Jan 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Tax liability	-$43.6K	-596	-2.03%	$73.20	28.7K	Dec 31, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 596 shares of common stock withheld by the issuer to satisfy the reporting person's tax withholding obligations on certain shares of common stock underlying restricted stock units ("RSUs") that vested and became issuable on December 31, 2021 pursuant to the terms of the January 2, 2019 Restricted Stock Issuance Agreement between the issuer and the reporting person. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.
F2	Represents 19,067 shares of the issuer's common stock and 9,680 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.

Content

Represents 596 shares of common stock withheld by the issuer to satisfy the reporting person's tax withholding obligations on certain shares of common stock underlying restricted stock units ("RSUs") that vested and became issuable on December 31, 2021 pursuant to the terms of the January 2, 2019 Restricted Stock Issuance Agreement between the issuer and the reporting person. The issuable shares were previously reported as Table I securities at the time the restricted stock units were granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.

Represents 19,067 shares of the issuer's common stock and 9,680 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.