Daniel Kozlowski - 17 Nov 2025 Form 4 Insider Report for PURE CYCLE CORP (PCYO)

Signature
DANIEL KOZLOWSKI, By: /s/ Daniel Kozlowski
Issuer symbol
PCYO
Transactions as of
17 Nov 2025
Transactions value $
-$757,108
Form type
4
Filing time
19 Nov 2025, 20:26:54 UTC
Previous filing
17 Jan 2025

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
Kozlowski Daniel R Director, 10%+ Owner C/O PLAISANCE CAPITAL, LLC, 4790 S. LAFAYETTE STREET, ENGLEWOOD DANIEL KOZLOWSKI, By: /s/ Daniel Kozlowski 19 Nov 2025 0001791057
Plaisance Capital LLC 10%+ Owner 4790 S. LAFAYETTE STREET, ENGLEWOOD PLAISANCE CAPITAL, LLC, By: /s/ Daniel Kozlowski, Daniel Kozlowski, Managing Member 19 Nov 2025 0001761269
Plaisance SPV I, LLC 10%+ Owner C/O PLAISANCE CAPITAL, LLC, 4790 S. LAFAYETTE STREET, ENGLEWOOD PLAISANCE SPV I, LLC, By: Maran Capital Management, LLC, its managing member, By: Daniel J. Roller, managing member of Maran Capital Management, LLC, By: /s/ Daniel J. Roller, Daniel J. Roller, Managing Member 19 Nov 2025 0001791049

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCYO Common Stock 1/3 of $.01 par value Sale -$757K -68.8K -2.58% $11.01 2.6M 17 Nov 2025 See Footnote F1, F2
transaction PCYO Common Stock 1/3 of $.01 par value Other $0 -2.6M -100% $0.00 0 17 Nov 2025 See Footnote F2
holding PCYO Common Stock 1/3 of $.01 par value 349K 17 Nov 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $11.00 to $11.0518. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported securities are directly owned by Plaisance SPV I, LLC ("Plaisance SPV"). On November 17, 2025, after the transaction reported in row 1, Plaisance Capital, LLC ("Plaisance") entered into an agreement (the "Agreement") with Maran Capital Management, LLC ("Maran") whereby Plaisance withdrew as managing member of Plaisance SPV and Maran was admitted as the managing member of Plaisance SPV. Due to the Agreement, as of November 17, 2025, the reported securities are no longer deemed to be indirectly beneficially owned by either Plaisance or Daniel Kozlowski.
F3 The reported securities are directly owned by Daniel Kozlowski in his personal capacity.