Keith Brackpool - 15 Dec 2021 Form 4 Insider Report for CADIZ INC (CDZI)

Role
Director
Signature
Keith Brackpool
Issuer symbol
CDZI
Transactions as of
15 Dec 2021
Net transactions value
+$113,400
Form type
4
Filing time
16 Dec 2021, 09:07:40 UTC
Previous filing
14 Dec 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDZI Common Stock Purchase $113,400 +30,000 +8.7% $3.78 376,198 15 Dec 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 Restricted Stock Unit 170,000 15 Dec 2021 Common Stock 170,000 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.