Kennedy Susan P 4
4 · CADIZ INC · Filed Jun 20, 2023
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.