Susan P. Kennedy - 15 Jun 2023 Form 4 Insider Report for CADIZ INC (CDZI)

Role
Director
Signature
Susan P. Kennedy
Issuer symbol
CDZI
Transactions as of
15 Jun 2023
Net transactions value
+$9,981
Form type
4
Filing time
20 Jun 2023, 19:02:21 UTC
Previous filing
26 May 2023
Next filing
17 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDZI Common Stock Purchase $9,981 +2,417 +3.3% $4.13 75,337 20 Jun 2023 Direct
transaction CDZI Common Stock Gift $0 -20,000 -27% $0.000000 55,337 15 Jun 2023 Direct F1

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
holding CDZI Performance Rights 450,000 15 Jun 2023 Common Stock 450,000 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction involved a gift of securities by the Reporting Person to her brother and sister-in-law, neither of whom shares the Reporting Person's household. The Reporting Person disclaims beneficial ownership of the shares transferred by way of this gift.
F2 Previously reported.
F3 Each performance right represents a contingent right to receive one share of the Issuer's common stock. 200,000 of the performance rights vest upon the Issuer's common stock achieving a market price of $7 per share; 150,000 vest upon the Issuer's common stock achieving a market price of $9 per share; 50,000 vest upon the Issuer's common stock achieving a market price of$11 per share, and 50,000 vest upon the Issuer's common stock achieving a market price of $13 per share. Performance rights are payable in the form of either cash or common stock registered under a stockholder approved equity incentive plan under which a sufficient number of shares of common stock then remains available for issuance.
F4 The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.