Jason Thuneman - 29 Mar 2023 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role: Vice President
Signature: /s/ Suzette Prante, attorney-in-fact
Issuer symbol: GWRS
Transactions as of: 29 Mar 2023
Net transactions value: -$164,800
Form type: 4
Filing time: 03 Apr 2023, 20:30:47 UTC
Previous filing: 02 Mar 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRS	Common Stock	Options Exercise	$85,200	+20,000	+84%	$4.26	43,754	29 Mar 2023	Direct
transaction	GWRS	Common Stock	Disposed to Issuer	$250,000	-20,000	-46%	$12.50	23,754	29 Mar 2023	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	Stock Appreciation Right	Options Exercise	$0	-20,000	-100%	$0.000000^*	0	29 Mar 2023	Common Stock	20,000	$4.26	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The reporting person was originally granted 50,000 shares of stock appreciation rights on February 10, 2015. The stock appreciation rights vested over four years, 25% per year.