Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CDZI | Common Stock | Options Exercise | $0 | +20.1K | +104.08% | $0.00 | 39.5K | Aug 13, 2021 | Direct | F1 |
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 | -42.5K | -33.33% | $0.00 | 85K | Aug 13, 2021 | Common Stock | 42.5K | Direct | F1, F2, F3, F4 |
Id | Content |
---|---|
F1 | Represents the vesting of 42,500 previously reported restricted stock units ("RSUs") and the concurrent issuance of a net of 20,124 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 | 42,500 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 42,500 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. |