Carl Guardino - 03 May 2023 Form 4 Insider Report for SJW GROUP (SJW)

Role
Director
Signature
/s/ Marisa Joss Attorney-in-Fact for Carl Guardino
Issuer symbol
SJW
Transactions as of
03 May 2023
Net transactions value
-$59,075
Form type
4
Filing time
05 May 2023, 12:48:42 UTC
Previous filing
28 Apr 2023
Next filing
24 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SJW Common Stock Sale $59,075 -777 -20% $76.03 3,184 03 May 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted previously by the Reporting Person.
F2 The price reported in Column 4 is the exact price at which all shares were sold.
F3 Represents 1,952 shares of the issuer's common stock and 1,232 shares of the issuer's restricted stock units which will vest and become issuable in accordance with their terms.