David C. Tedesco - May 12, 2021 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role: Former Director
Signature: /s/ Joanne Ellsworth, attorney-in-fact
Stock symbol: GWRS
Transactions as of: May 12, 2021
Transactions value $: -$973,268
Form type: 4
Date filed: 5/14/2021, 09:24 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRS	Common Stock	Options Exercise	$0	+51.6K	+103.16%	$0.00	102K	May 14, 2021	Direct
transaction	GWRS	Common Stock	Disposed to Issuer	-$869K	-51.6K	-50.78%	$16.84	50K	May 14, 2021	Direct
transaction	GWRS	Common Stock	Options Exercise	$0	+6.22K	+12.43%	$0.00	56.2K	May 14, 2021	Direct
transaction	GWRS	Common Stock	Disposed to Issuer	-$105K	-6.22K	-11.06%	$16.84	50K	May 14, 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
transaction	GWRS	Deferred Phantom Unit	Options Exercise	$0	-51.6K	-100%	$0.00^*	0	May 14, 2021	Common Stock	51.6K		Direct	F1, F2, F3
transaction	GWRS	Restricted Stock Units	Award	$0	+728	+13.27%	$0.00	6.22K	May 12, 2021	Common Stock	728		Direct	F4, F5
transaction	GWRS	Restricted Stock Units	Options Exercise	$0	-6.22K	-100%	$0.00^*	0	May 14, 2021	Common Stock	6.22K		Direct	F2, F4, F5

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

Explanation of Responses:

Id	Content
F1	Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F2	The reporting person ceased to be a director of the Company effective May 6, 2021.
F3	The DPUs are fully vested upon grant. In addition, the DPUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company and do not have a set expiration date.
F4	Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F5	The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed withinthe Omnibus plans incorporated by reference within our latest filed 10-K.