Michael J. Liebman - 30 Jun 2023 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role
CFO and Corporate Secretary
Signature
/s/ Shelley Kitts, attorney-in-fact
Issuer symbol
GWRS
Transactions as of
30 Jun 2023
Net transactions value
-$26,071
Form type
4
Filing time
05 Jul 2023, 20:02:26 UTC
Previous filing
02 Jun 2023
Next filing
02 Aug 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 $0 +2,048 +2.3% $0.000000 92,010 30 Jun 2023 Direct F1
transaction GWRS Common Stock Disposed to Issuer $26,071 -2,048 -2.2% $12.73 89,962 30 Jun 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 GWRS Restricted Stock Units Award $0 +26 +0.19% $0.000000 13,776 30 Jun 2023 Common Stock 26 Direct F1, F3, F4
transaction GWRS Restricted Stock Units Options Exercise -2,048 -15% 11,728 30 Jun 2023 Common Stock 2,048 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
F2 The exercise price was determined by taking the weighted average closing share price of the Company's common stock of the five day period prior to June 30, 2023.
F3 The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.
F4 The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.
F5 The RSUs are exercisable at time of vesting and do not have a set expiration date.