Eric W. Thornburg - Jan 4, 2022 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: Jan 4, 2022
Transactions value $: -$49,914
Form type: 4
Date filed: 1/6/2022, 02:35 PM
Previous filing: Jan 5, 2022
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Tax liability	-$49.9K	-704	-2%	$70.90	34.6K	Jan 4, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents 704 shares of common stock withheld of the issuer in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 4, 2022 pursuant to the terms of the January 4, 2021 Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. 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 21,539 shares of the issuer's common stock and 13,045 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.

Content

Represents 704 shares of common stock withheld of the issuer in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 4, 2022 pursuant to the terms of the January 4, 2021 Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. 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 21,539 shares of the issuer's common stock and 13,045 shares of the issuer's common stock underlying restricted stock units which will vest and become issuable in accordance with their terms.