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

Role: CFO and Corporate Secretary
Signature: /s/ Shelley Kitts, attorney-in-fact
Stock symbol: GWRS
Transactions as of: Jun 30, 2023
Transactions value $: -$26,071
Form type: 4
Date filed: 7/5/2023, 08:02 PM
Previous filing: Jun 2, 2023
Next filing: Aug 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRS	Common Stock	Options Exercise	$0	+2.05K	+2.28%	$0.00	92K	Jun 30, 2023	Direct	F1
transaction	GWRS	Common Stock	Disposed to Issuer	-$26.1K	-2.05K	-2.23%	$12.73	90K	Jun 30, 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%	$0.00	13.8K	Jun 30, 2023	Common Stock	26		Direct	F1, F3, F4
transaction	GWRS	Restricted Stock Units	Options Exercise		-2.05K	-14.87%		11.7K	Jun 30, 2023	Common Stock	2.05K		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.