Polanco Richard Garcia 4

What Happened
Richard Garcia Polanco, a director of Cadiz Inc. (CDZI), was granted 6,103 shares on June 30, 2026. The award is reported at $4.10 per share for a total grant value of $25,022. This transaction is an equity award (grant) for director compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 6,103 common shares at $4.10 per share; aggregate value $25,022.
• Vesting: These shares were allocated under the 2019 Equity Incentive Plan for services during the 12-month period ended June 30, 2026, and will vest on January 31, 2027 (footnote F1).
• Shares owned after transaction: not disclosed in the provided filing.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in the filing.

Context
This is a standard director equity award to compensate for services and will vest in the future; such grants are routine and do not necessarily signal a director’s immediate market action or personal trading intent. Because the shares vest later, they may be subject to forfeiture or other plan terms until the vesting date.