Consolidated Water (CWCO) Director Clarence B. Flowers Sells Shares

What Happened
Clarence B. Flowers, a director of Consolidated Water Co. Ltd. (CWCO), reported two dispositions: a gift of 50,080 shares on 2026-04-20 (code G, $0 proceeds) and an open-market sale of 1,900 shares on 2026-08-17 (code S) for aggregate proceeds of about $57,608 (weighted-average price $30.32). The sale was a routine disposition; the earlier gift is a non‑market transfer and does not necessarily indicate his view on the stock.

Key Details

• Transactions: Gift of 50,080 shares on 2026-04-20 (disposal, $0); Sale of 1,900 shares on 2026-08-17 (open market) for ~$57,608.
• Sale pricing: Weighted-average $30.32; executed in multiple trades at prices from $30.32 to $30.34 (footnote F2).
• Holdings notes: Footnote F1 states 200,316 shares are held in an account shared with his sibling; F3 adds 38 shares from the dividend reinvestment plan not previously reported; F4 notes shares held in the reporting person’s spouse’s individual account. The filing does not state a single consolidated “shares owned after” figure on its face.
• Timeliness: The April 20 gift was reported on the Form 4 filed 2026-08-18, indicating the gift was reported late; the August 17 sale was included in the Aug 18 filing (timely for that trade).

Context
Gifts are disposals for reporting purposes but reflect transfers (often estate or family planning) rather than market sentiment. The small open‑market sale (1,900 shares, ~$57.6k) is a routine sale size for an individual director and should be viewed as a disposition, not a purchase signal. The filing’s footnotes offer additional ownership detail and an undertaking to disclose the exact trade-by-trade prices on request (F2).