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Estate transfer gives Artesian (ARTNA) insider Joseph DiNunzio 193 more shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Artesian Resources Corp insider Joseph A. DiNunzio reported an inheritance-related transfer of 193 shares of Class A non-voting common stock. The transaction was recorded at a price of $0.00 per share and is classified as an acquisition or disposition by will or laws of descent and distribution.

Following this estate transfer from his mother's estate, DiNunzio now directly holds 16,133 shares of Class A non-voting common stock. This is a non-market, inheritance event rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider DiNunzio Joseph A
Role null
Type Security Shares Price Value
W Class A Non-voting Common Stock 193 $0.00 --
Holdings After Transaction: Class A Non-voting Common Stock — 16,133 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Inherited shares 193 shares Class A Non-voting Common Stock received by inheritance
Post-transaction holdings 16,133 shares Class A Non-voting Common Stock held directly after transaction
Transaction price per share $0.00 per share Reported for inheritance transfer
Class A Non-voting Common Stock financial
"security_title: "Class A Non-voting Common Stock""
A Class A non-voting common stock is an ownership share that gives the holder the same economic benefits as regular common stock—such as dividends and any rise in value—but does not give the holder the right to vote on corporate decisions or board elections. For investors this matters because it affects control and influence over the company’s strategy: you can share in profits or losses like a shareholder, but you cannot help decide how the company is run, similar to renting out a property’s income without holding the deed.
Acquisition or disposition by will or laws of descent and distribution regulatory
"transaction_code_description: "Acquisition or disposition by will or laws of descent and distribution""
inheritance financial
"footnote: "inheritance from mothers estate""
Inheritance is the transfer of money, property or investments to someone after a person dies, like handing a family recipe or toolbox from one generation to the next. For investors it matters because inherited assets can change who controls shares, affect the size and composition of a portfolio, trigger taxes or fees, and create opportunities or pressures to sell or consolidate holdings, all of which can influence financial outcomes.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
DiNunzio Joseph A
(Last)(First)(Middle)
664 CHURCHMANS ROAD
(Street)
NEWARK DELAWARE 19702
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ARTESIAN RESOURCES CORP [ ARTNA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
Officer (give title below)XOther (specify below)
Retired Exec VP/Corp Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Non-voting Common Stock05/19/2026WV193A$0(1)16,133D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. inheritance from mothers estate
Joseph A. DiNunzio05/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Joseph A. DiNunzio report at ARTNA?

Joseph A. DiNunzio reported receiving 193 shares of Artesian Resources Class A non-voting common stock through inheritance. The filing classifies it as an acquisition or disposition by will or laws of descent and distribution, not a market trade.

How many ARTNA shares does Joseph A. DiNunzio hold after this Form 4?

After the inheritance transaction, Joseph A. DiNunzio directly holds 16,133 shares of Artesian Resources Class A non-voting common stock. This total reflects his position following the 193-share transfer from his mother’s estate as reported in the Form 4.

Was the ARTNA insider transaction a market buy or sell?

The transaction was not a market buy or sell. It is coded as an acquisition or disposition by will or laws of descent and distribution, meaning the 193 shares were transferred to Joseph A. DiNunzio through inheritance rather than open-market trading.

What type of ARTNA security was involved in the inheritance transfer?

The inheritance transfer involved Class A non-voting common stock of Artesian Resources Corp. Joseph A. DiNunzio reported receiving 193 shares of this class, which increased his direct holdings to 16,133 shares after the reported transaction.

Did Joseph A. DiNunzio pay anything for the inherited ARTNA shares?

The reported per-share price for the inherited 193 Artesian Resources shares is $0.00. This reflects that the transfer was by inheritance from his mother’s estate, not a purchase, and therefore no market consideration was paid in the transaction.