Filing Details

Accession Number:
0001854939-23-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-21 12:49:25
Reporting Period:
2023-09-21
Accepted Time:
2023-09-21 12:49:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
727273 Cadiz Inc CDZI Water Supply (4941) 770313235
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1854939 P Susan Kennedy 550 South Hope Street
Suite 2850
Los Angeles CA 90071
Executive Director Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-09-21 15,822 $3.17 85,159 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Performance Rights $0.00 2027-02-04 450,000 450,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2027-02-04 450,000 450,000 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $3.16 to $3.17. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  2. Previously reported.
  3. 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 an 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.
  4. The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.