[1]	Under the Equity Compensation Plan, effective December 9, 2015, or the 2015 Plan, and the 2025 Equity Compensation Plan, effective October 31, 2025, or the 2025 Plan, Artesian Resources Corporation authorized up to 331,500 shares and 263,932, respectively, of Class A Non-Voting Stock for issuance of grants in the form of stock options, stock units, dividend equivalents and other stock-based awards, subject to adjustment in certain circumstances as discussed in the Plan. The 2025 Plan replaces the 2015 Plan, and outstanding grants under the 2015 Plan shall continue in effect according to their terms, consistent with the 2015 Plan. Includes stock compensation expense for March 31, 2026 and March 31, 2025. See Note 8 – Stock Compensation Plans.
[2]	Artesian Resources Corporation registered 200,000 shares of Class A Non-Voting Stock, subsequently adjusted for stock splits, available for purchase through the Company’s 401(k) retirement plan.
[3]	At March 31, 2026 and March 31, 2025, Class A Non-Voting Stock had 15,000,000 shares authorized. For the same periods, shares issued, inclusive of 28,970 treasury shares, were 9,465,922 and 9,450,519, respectively.
[4]	At March 31, 2026 and March 31, 2025, Class B Voting Stock had 1,040,000 shares authorized and 881,452 shares issued.

ARTESIAN RESOURCES CORP 10-Q