Grant Geoffrey T 4
4 · CADIZ INC · Filed Mar 22, 2022
Insider Transaction Report
Form 4
CADIZ INCCDZI
Grant Geoffrey T
Director
Transactions
- Award
Common Stock
2022-03-20$1.75/sh+285,714$500,000→ 470,567 total
Holdings
- 30,500(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]These shares were issued under a Securities Purchase Agreement dated March 20, 2022, between the Issuer and certain purchasers including the Reporting Person in connection to a registered direct offering reported on the Issuer's Current Report on Form 8-K filed on March 21, 2022. The issuance of these shares has been approved by the Issuer's Board of Directors and the disinterested members of the Audit and Risk Committee of the Board.
- [F2]These shares are held in five separate trusts, each holding 6,100 shares for the benefit of a child of the Reporting Person. The trustee of these trusts is not a member of the Reporting Person's immediate family. The Reporting Person disclaims beneficial ownership for the securities held by these trusts.