Scott S. Slater - Aug 13, 2021 Form 4 Insider Report for CADIZ INC (CDZI)

Role: Chief Executive Officer, Director
Signature: Scott S. Slater
Stock symbol: CDZI
Transactions as of: Aug 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/17/2021, 02:37 PM
Next filing: Mar 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDZI	Common Stock	Options Exercise	$0	+40.2K	+136.96%	$0.00	69.6K	Aug 13, 2021	Direct	F1

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
transaction	CDZI	Restricted Stock Units	Options Exercise	$0	-85K	-33.33%	$0.00	170K	Aug 13, 2021	Common Stock	85K		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
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.
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; and 85,000 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date.
F4	The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.