Slater Scott S 4
4 · CADIZ INC · Filed Mar 3, 2023
Insider Transaction Report
Form 4
CADIZ INCCDZI
Slater Scott S
President
Transactions
- Exercise/Conversion
Common Stock
2023-03-01+40,247→ 109,881 total - Exercise/Conversion
Restricted Stock Units
2023-03-01−85,000→ 85,000 total→ Common Stock (85,000 underlying)
Footnotes (4)
- [F1]Represents the vesting of 85,000 previously reported restricted stock units ("RSUs") and the concurrent issuance of a net of 40,247 shares of common stock as a consequence of such vesting, after giving effect to tax withholding as permitted under the approved terms applicable to the grant of the RSUs.
- [F2]Each previously reported RSU represents a contingent right to receive one share of Cadiz Inc. common stock.
- [F3]85,000 of these RSUs owned following the reported transaction will vest upon the Company's entering into final binding water supply agreements for delivery of at least 9,500 acre-feet per year, subject to the Reporting Person's continuing employment as of such vesting date.
- [F4]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.