Keith Brackpool - Dec 13, 2021 Form 4 Insider Report for CADIZ INC (CDZI)

Role: Director
Signature: Keith Brackpool
Stock symbol: CDZI
Transactions as of: Dec 13, 2021
Transactions value $: $90,000
Form type: 4
Date filed: 12/14/2021, 01:00 PM
Previous filing: Dec 13, 2021
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDZI	Common Stock	Purchase	$90K	+25K	+7.78%	$3.60	346K	Dec 13, 2021	Direct

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
holding	CDZI	Common Stock						170K	Dec 13, 2021	Common Stock	170K		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Each previously reported Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
F2	85,000 of these RSUs will vest upon the Company's entering into final binding water supply arrangement 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.
F3	The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.