BRACKPOOL KEITH 4
4 · CADIZ INC · Filed Dec 13, 2021
Insider Transaction Report
Form 4
CADIZ INCCDZI
BRACKPOOL KEITH
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2021-12-10$3.98/sh+50,000$199,000→ 321,198 total
Holdings
- 170,000
Common Stock
→ Common Stock (170,000 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $3.975 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]Each previously reported Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
- [F3]85,000 of these RSUs will vest upon the Company's entering into final binding water supply arrangement 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.
- [F4]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.