ARTNA Form 4: Senior VP Thaeder Sells 1,000 Shares, Holds 20,592

Rhea-AI Filing Summary

John M. Thaeder, Senior Vice President and officer of Artesian Resources Corp (ARTNA), reported a sale of 1,000 shares of Class A Non-voting Common Stock on 08/28/2025 at a reported price of $33.37 per share. After the transaction, he beneficially owns 20,592 shares directly. The Form 4 is signed by Mr. Thaeder on 08/29/2025. No derivative transactions or additional explanatory notes were reported.

Positive

• Clear, complete disclosure of the sale including date, price, and post-transaction holdings
• Reporting person retains 20,592 shares after the sale, indicating continued ownership stake

Negative

• Insider sale of 1,000 shares (could be perceived negatively by some investors)
• No comment provided on the reason for the sale or whether it was part of a 10b5-1 plan

Insights

Securities Analyst

TL;DR: Officer sold 1,000 shares, leaving meaningful remaining ownership of 20,592 shares.

The filing documents a straightforward non-derivative disposition by a company officer rather than a corporate event. The sale price of $33.37 per share and the post-transaction holding provide clear, verifiable figures for market-impact assessment. For most investors this appears to be a routine insider sale; there is no indication of derivative activity, planned trading program, or other linked transactions disclosed in this filing.

Corporate Governance Expert

TL;DR: Routine disclosure of an officer sale; governance disclosure requirements met in this Form 4.

The Form 4 identifies the reporting person, relationship to the issuer, transaction date, code ("S" for sale), amount sold, price, and resulting beneficial ownership, satisfying Section 16 reporting elements. No amendment, 10b5-1 plan checkbox, or explanatory remarks are included. From a governance perspective the filing is complete and timely on its face, but it does not explain the rationale for the sale.

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
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^*

THAEDER JOHN M

(Last) (First) (Middle)

605 MILLERS HL

UNIT 114

(Street)

KENNETT SQUARE PA 19348

(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)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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
Class A Non-voting Common Stock	08/28/2025		S		1,000	D	$33.37	20,592	D

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

Explanation of Responses:

	John M. Thaeder	08/29/2025
	** 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 John M. Thaeder report on Form 4 for ARTNA?

He reported a sale of 1,000 shares of Class A Non-voting Common Stock on 08/28/2025 at $33.37 per share and now beneficially owns 20,592 shares.

Does the Form 4 show any option or derivative transactions for ARTNA?

No. Table II for derivative securities is blank; the filing reports only a non-derivative sale.

Was the transaction reported as part of a 10b5-1 trading plan?

The filing does not indicate that the sale was made pursuant to a 10b5-1 plan; no such checkbox or explanation is provided.

When was the Form 4 signed by the reporting person?

The signature block shows John M. Thaeder signed the Form 4 on 08/29/2025.

What is the relationship of the reporting person to ARTNA?

The form identifies John M. Thaeder as an Officer with the title Senior Vice President.