[Form 4] ARTESIAN RESOURCES CORP Insider Trading Activity

Rhea-AI Filing Summary

Artesian Resources Corp reporting person Raymond T. Kelly, VP of Information Technology, received a grant of 750 restricted shares of Class A non-voting common stock on 09/16/2025. The grant is labeled as a Restricted Stock Grant with a listed price of $32.08 and shows vesting/exercise-related dates of 09/16/2026 and 09/17/2026. The Form 4 is signed on 09/18/2025.

Positive

• 750 restricted shares granted to VP of Information Technology, explicitly disclosed
• Form 4 shows transaction dated 09/16/2025 and signature dated 09/18/2025, documenting the grant
• Price of $32.08 for reference in the filing

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider restricted stock grant of 750 shares to a company officer; not a divestiture or sale.

The transaction is a non-derivative restricted stock grant for 750 Class A non-voting shares at a reported price of $32.08. Such awards are typically part of compensation programs and do not represent a sale or transfer to third parties. The Form 4 records the transaction date (09/16/2025) and a signature date (09/18/2025), which documents the reporting of the grant.

Corporate Governance Expert

TL;DR: Compensation-related insider grant disclosed; standard governance disclosure without adverse signals.

The filing documents an officer-level recipient of restricted stock, indicating board-approved or plan-driven compensation. The entry lists vesting/exercise-related dates and the number of shares, which provides transparency on insider holdings. There is no indication of unusual timing, sale, or change in control provisions in the disclosed fields.

SEC Form 4

FORM 4

UNITED 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kelly Raymond T.

(Last) (First) (Middle)

15 GABRIELLE CIRCLE

(Street)

SWEDESBORO NJ 08085

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARTESIAN RESOURCES CORP [ ARTNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP of Information Technology

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Grant	$0	09/16/2025		A		750		09/16/2026	09/17/2026	Class A Non-voting Common Stock	750	$32.08	750	D

Explanation of Responses:

	Raymond T. Kelly	09/18/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did ARTNB insider Raymond T. Kelly report on Form 4?

He reported a Restricted Stock Grant of 750 Class A non-voting shares dated 09/16/2025.

When was the restricted stock grant for ARTNB dated and signed?

The transaction date is 09/16/2025 and the Form 4 is signed on 09/18/2025.

What price is shown on the Form 4 for the ARTNB grant?

The filing lists a price of $32.08 alongside the reported shares.

How many shares did the reporting person beneficially own following the transaction?

The filing shows 750 shares associated with this restricted stock grant.

What is the reporting person's role at ARTNB?

The reporting person is listed as VP of Information Technology and an Officer.