Keith Brackpool - 06 Dec 2021 Form 4 Insider Report for CADIZ INC (CDZI)

Role
Director
Signature
Keith Brackpool
Issuer symbol
CDZI
Transactions as of
06 Dec 2021
Net transactions value
+$202,588
Form type
4
Filing time
08 Dec 2021, 10:53:38 UTC
Previous filing
17 Aug 2021
Next filing
13 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDZI Common Stock Award $79,998 +20,100 +9.1% $3.98 241,298 06 Dec 2021 Direct F1
transaction CDZI Common Stock Award $122,590 +29,900 +12% $4.10 271,198 07 Dec 2021 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
holding CDZI Common Stock 170,000 06 Dec 2021 Common Stock 170,000 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $3.79 to $4.00. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $3.97 to $4.22. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Each previously reported Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
F4 85,000 of these RSUs will vest upon the Company's entering into final binding water supply agreements for delivery of at least 9,500 acre-feet per year; and 85,000 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date.
F5 The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.