Dreyfus Maria S. 4

What Happened Maria S. Dreyfus, a director of Cadiz Inc (CDZI), was issued 3,709 shares as an award under the company's equity plan. The filing reports an acquisition at $5.05 per share for a total reported value of approximately $18,749. This was an equity compensation award issued in lieu of cash for director services, not an open-market purchase or sale.

Key Details

• Transaction type/code: Award/Grant (Code A).
• Transaction date and price: April 1, 2026; reported price $5.05 per share; total reported value ~$18,749.
• Shares issued under: 2019 Equity Incentive Plan (as amended).
• Footnote: Shares were issued in lieu of cash compensation for services as a director for the 3-month period beginning April 1, 2026.
• Shares owned after transaction: Not specified in the Form 4.
• Filing timeliness: Form 4 filed April 3, 2026 (covers the April 1, 2026 transaction) — not indicated as late.

Context This was a compensation-related stock award (common for directors) rather than a market purchase or sale, so it reflects routine director compensation rather than a direct trading signal. The dollar amount is modest relative to many insider trades; for retail investors, awards like this are informational about compensation practices rather than a clear bullish or bearish indicator.