Kennedy Susan P 4
4 · CADIZ INC · Filed Jan 4, 2024
Insider Transaction Report
Form 4
CADIZ INCCDZI
Kennedy Susan P
DirectorCEO
Transactions
- Purchase
Common Stock
2024-01-04$2.81/sh+6,762$18,999→ 91,921 total
Holdings
- 450,000
Performance Rights
Exp: 2027-02-04→ Common Stock (450,000 underlying)
Footnotes (3)
- [F1]Previously reported.
- [F2]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 $11per 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.
- [F3]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.