Geoffrey T. Grant - 20 Mar 2022 Form 4 Insider Report for CADIZ INC (CDZI)

Role: Director
Signature: Geoffrey T. Grant
Issuer symbol: CDZI
Transactions as of: 20 Mar 2022
Net transactions value: +$500,000
Form type: 4
Filing time: 22 Mar 2022, 15:10:36 UTC
Previous filing: 05 Jan 2022
Next filing: 05 Apr 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	Award	$500,000	+285,714	+155%	$1.75	470,567	20 Mar 2022	Direct	F1
holding	CDZI	Common Stock						30,500	20 Mar 2022	By Trust	F2

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

Explanation of Responses:

Id	Content
F1	These shares were issued under a Securities Purchase Agreement dated March 20, 2022, between the Issuer and certain purchasers including the Reporting Person in connection to a registered direct offering reported on the Issuer's Current Report on Form 8-K filed on March 21, 2022. The issuance of these shares has been approved by the Issuer's Board of Directors and the disinterested members of the Audit and Risk Committee of the Board.
F2	These shares are held in five separate trusts, each holding 6,100 shares for the benefit of a child of the Reporting Person. The trustee of these trusts is not a member of the Reporting Person's immediate family. The Reporting Person disclaims beneficial ownership for the securities held by these trusts.

Content

These shares were issued under a Securities Purchase Agreement dated March 20, 2022, between the Issuer and certain purchasers including the Reporting Person in connection to a registered direct offering reported on the Issuer's Current Report on Form 8-K filed on March 21, 2022. The issuance of these shares has been approved by the Issuer's Board of Directors and the disinterested members of the Audit and Risk Committee of the Board.

These shares are held in five separate trusts, each holding 6,100 shares for the benefit of a child of the Reporting Person. The trustee of these trusts is not a member of the Reporting Person's immediate family. The Reporting Person disclaims beneficial ownership for the securities held by these trusts.