John Carroll Lenderking - 13 Aug 2021 Form 4 Insider Report for Global Water Resources, Inc. (GWRS)

Role: SVP, Water Resources
Signature: /s/ Joanne Ellsworth, attorney-in-fact
Issuer symbol: GWRS
Transactions as of: 13 Aug 2021
Transactions value $: -$188,760
Form type: 4
Filing time: 17 Aug 2021, 17:56:03
Previous filing: 03 Aug 2021
Next filing: 02 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRS	Common Stock	Options Exercise	$148K	+16.5K	+122.22%	$8.99	30K	13 Aug 2021	Direct
transaction	GWRS	Common Stock	Disposed to Issuer	-$337K	-16.5K	-55%	$20.43	13.5K	13 Aug 2021	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	GWRS	Stock Appreciation Right	Options Exercise	$0	-16.5K	-66.67%	$0.00	8.25K	13 Aug 2021	Common Stock	16.5K	$8.99	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares represent restricted stock previously awarded of which 33% of the restricted stock will vest on May 8, 2022, 33% will vest on May 8, 2023, and 34% will vest on May 8, 2024.
F2	The reporting person was originally granted 33,000 shares of stock appreciation rights on March 12, 2018. The stock appreciation rights vest over four years, 25% per year.