Mark W. Harding - Aug 3, 2023 Form 4 Insider Report for PURE CYCLE CORP (PCYO)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Mark W. Harding
Stock symbol: PCYO
Transactions as of: Aug 3, 2023
Transactions value $: -$247,374
Form type: 4
Date filed: 8/7/2023, 05:03 PM
Previous filing: Sep 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCYO	Common Stock	Options Exercise	$588K	+100K	+20.52%	$5.88	587K	Aug 3, 2023	Direct
transaction	PCYO	Common Stock	Tax liability	-$588K	-47.2K	-8.03%	$12.47	540K	Aug 3, 2023	Direct	F1
transaction	PCYO	Common Stock	Sale	-$80.7K	-6.45K	-1.19%	$12.52	534K	Aug 3, 2023	Direct	F2
transaction	PCYO	Common Stock	Sale	-$58.2K	-4.69K	-0.88%	$12.42	529K	Aug 4, 2023	Direct	F2
transaction	PCYO	Common Stock	Sale	-$108K	-8.87K	-1.68%	$12.23	520K	Aug 7, 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	+100K		$0.00^*	0	Aug 3, 2023	Common Stock	100K	$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.