Echaveste Maria 4

What Happened
Maria Echaveste, a director of Cadiz Inc. (CDZI), received an award of 6,103 shares on June 30, 2026. The grant is reported at an acquisition price of $4.10 per share for a total value of $25,022. This was an equity award (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely within the typical 2-business-day window).
• Shares granted: 6,103 at $4.10 per share; reported total value $25,022.
• Vesting: These shares were allocated for services for the 12-month period ended June 30, 2026 and will vest on January 31, 2027 (footnote).
• Plan: Award made under the 2019 Equity Incentive Plan.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Award/grant (code A) — not a sale or immediate purchase in the market.

Context
This is a compensatory equity grant for board service and will not be fully owned or marketable until vesting on January 31, 2027. Such awards are common for non-employee directors and reflect compensation rather than an immediate bullish or bearish market signal.