Lenderking John Carroll 4

What Happened

• John Carroll Lenderking, SVP, Water Resources at Global Water Resources, had 275 restricted stock units (RSUs) convert to common shares on 2026-03-31 and then surrendered those 275 shares to the issuer at $7.59/share (disposition value $2,087), consistent with net share settlement/tax withholding. The filing also shows a separate grant of 5 RSUs (zero exercise price) that are fully vested and exercisable upon grant.

Key Details

• Transaction date: 2026-03-31. Filing date: 2026-04-02 (appears timely).
• Disposition: 275 shares to issuer at $7.59/share for $2,087.
• Conversion/exercise: 275 RSUs converted to shares (derivative exercise/conversion).
• Grant: 5 RSUs awarded; RSUs are fully vested and exercisable with no set expiration (per footnotes).
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnotes: RSUs are economic equivalents of common shares, fully vested upon grant, exercisable at vesting, and may include prior grants with different terms.

Context

• These entries reflect RSU vesting and a net share settlement (shares surrendered to the company, typically to cover tax withholding), not an open-market sale or separate cash purchase. Such withholding transactions are routine and do not necessarily indicate a change in insider sentiment.