SPEER STANLEY E 4
4 · CADIZ INC · Filed Apr 28, 2021
Insider Transaction Report
Form 4
CADIZ INCCDZI
Transactions
- Award
Restricted Stock Units
2021-04-26+127,500→ 127,500 total→ Common Stock (127,500 underlying)
Holdings
- 19,336
Common Stock
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
- [F2]42,500 of these RSUs will vest upon obtaining a new senior secured loan in an amount sufficient to repay the Company's senior secured debt as well as obtaining funding to complete the purchase of the northern pipeline; 42,500 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, 42,500 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date.
- [F3]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.