4//SEC Filing
Kennedy Susan P 4
Accession 0001854939-23-000004
CIK 0000727273other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 7:02 PM ET
Size
8.8 KB
Accession
0001854939-23-000004
Insider Transaction Report
Form 4
CADIZ INCCDZI
Kennedy Susan P
DirectorCEO
Transactions
- Gift
Common Stock
2023-06-15−20,000→ 55,337 total - Purchase
Common Stock
2023-06-20$4.13/sh+2,417$9,981→ 75,337 total
Holdings
- 450,000
Performance Rights
Exp: 2027-02-04→ Common Stock (450,000 underlying)
Footnotes (4)
- [F1]This transaction involved a gift of securities by the Reporting Person to her brother and sister-in-law, neither of whom shares the Reporting Person's household. The Reporting Person disclaims beneficial ownership of the shares transferred by way of this gift.
- [F2]Previously reported.
- [F3]Each performance right represents a contingent right to receive one share of the Issuer's common stock. 200,000 of the performance rights vest upon the Issuer's common stock achieving a market price of $7 per share; 150,000 vest upon the Issuer's common stock achieving a market price of $9 per share; 50,000 vest upon the Issuer's common stock achieving a market price of$11 per share, and 50,000 vest upon the Issuer's common stock achieving a market price of $13 per share. Performance rights are payable in the form of either cash or common stock registered under a stockholder approved equity incentive plan under which a sufficient number of shares of common stock then remains available for issuance.
- [F4]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.
Documents
Issuer
CADIZ INC
CIK 0000727273
Entity typeother
Related Parties
1- filerCIK 0001854939
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 7:02 PM ET
- Size
- 8.8 KB