PETER C. HOWELL - 14 Jul 2023 Form 4 Insider Report for PURE CYCLE CORP (PCYO)

Role
Director
Signature
/s/ Mark W. Harding, Attorney-in-Fact
Issuer symbol
PCYO
Transactions as of
14 Jul 2023
Transactions value $
-$18
Form type
4
Filing time
19 Jul 2023, 19:33:03 UTC
Previous filing
13 Jan 2023
Next filing
18 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCYO Common Stock Options Exercise $39.5K +6.5K +26.29% $6.08 31.2K 14 Jul 2023 Direct
transaction PCYO Common Stock Tax liability -$39.5K -3.53K -11.3% $11.20 27.7K 14 Jul 2023 Direct F1
transaction PCYO Common Stock Options Exercise $27.1K +6.5K +23.47% $4.17 34.2K 14 Jul 2023 Direct
transaction PCYO Common Stock Tax liability -$27.1K -2.42K -7.08% $11.20 31.8K 14 Jul 2023 Direct F1
transaction PCYO Common Stock Options Exercise $28.2K +6.5K +20.46% $4.34 38.3K 14 Jul 2023 Direct
transaction PCYO Common Stock Tax liability -$28.2K -2.52K -6.58% $11.20 35.8K 14 Jul 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
transaction PCYO Option (Right to Buy) Options Exercise $0 -6.5K -100% $0.00* 0 14 Jul 2023 Common Stock 6.5K $6.08 Direct
transaction PCYO Option (Right to Buy) Options Exercise $0 -6.5K -100% $0.00* 0 14 Jul 2023 Common Stock 6.5K $4.17 Direct
transaction PCYO Option (Right to Buy) Options Exercise $0 -6.5K -100% $0.00* 0 14 Jul 2023 Common Stock 6.5K $4.34 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. These shares were withheld by Pure Cycle Corporation for payment of the exercise price, based on the market price of Pure Cycle Corporation's common stock at the time of the option exercise on July 14, 2023.

Remarks:

Signed by Mark W. Harding pursuant to a power of attorney filed as Exhibit 24 to a Form4/A filed with the Commission on May 16, 2005.