Mark W. Harding - 03 Aug 2023 Form 4 Insider Report for PURE CYCLE CORP (PCYO)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Mark W. Harding
Issuer symbol
PCYO
Transactions as of
03 Aug 2023
Net transactions value
-$247,374
Form type
4
Filing time
07 Aug 2023, 17:03:55 UTC
Previous filing
17 Sep 2021
Next filing
22 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCYO Common Stock Options Exercise $588,000 +100,000 +21% $5.88 587,243 03 Aug 2023 Direct
transaction PCYO Common Stock Tax liability $588,010 -47,154 -8% $12.47 540,089 03 Aug 2023 Direct F1
transaction PCYO Common Stock Sale $80,662 -6,445 -1.2% $12.52 533,644 03 Aug 2023 Direct F2
transaction PCYO Common Stock Sale $58,223 -4,688 -0.88% $12.42 528,956 04 Aug 2023 Direct F2
transaction PCYO Common Stock Sale $108,479 -8,867 -1.7% $12.23 520,089 07 Aug 2023 Direct F2

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 PCYO Option (Right to Buy) Options Exercise $0 +100,000 $0.000000* 0 03 Aug 2023 Common Stock 100,000 $5.88 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. These shares were withheld by Pure Cycle Corporation for payment of the exercise price, based on the market price of Pure Cycle Corporation's common stock at the time of the option exercise on August 3, 2023.
F2 Represents the average sales price of common stock to cover filer's tax and cost implications of the exercise of Options that would expire on 8/14/2023. Details on each individual sale can be provided to the Commission upon request.