[Form 4] ARTESIAN RESOURCES CORP Insider Trading Activity

Rhea-AI Filing Summary

Artesian Resources Corp insider Courtney A. Emerson, listed as General Counsel & Assistant Secretary and a company officer and director, received a restricted stock grant of 750 Class A non‑voting common shares at an indicated price of $32.08. The award is reported as a restricted stock grant with a stated exercisable and expiration schedule and is held directly following the transaction.

Positive

• 750 restricted Class A non‑voting shares granted to a senior officer, which aligns management and shareholder interests
• Transaction disclosed as direct ownership, providing transparency about insider compensation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine restricted stock grant to a senior officer aligns management with shareholders but is not material to valuation.

The filing documents a standard equity award of 750 non‑voting shares to the company's General Counsel & Assistant Secretary, disclosed as direct ownership. Such grants are common for compensation and retention and indicate continued alignment of management incentives with equity ownership. The size of the grant is small relative to typical public company share counts, so it is unlikely to move valuation metrics or dilute materially.

Securities Analyst

TL;DR: Insider acquisition disclosed is modest in size and appears routine; it provides limited informational value for investors.

The transaction is recorded as a restricted stock grant of 750 shares at $32.08, held directly by the reporting person. This is a compensation event rather than a market purchase or sale, suggesting retention/compensation purpose. No change to outstanding share totals or material corporate events are disclosed within this form beyond the grant itself.

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^*

Emerson Courtney A

(Last) (First) (Middle)

107 DODGE DRIVE

(Street)

SMYRNA DE 19977

(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)
	Gen Counsel & Asst Secretary

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:

	Courtney A. Emerson	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 Courtney Emerson receive?

The reporting person received a restricted stock grant of 750 Class A non‑voting shares at a reported price of $32.08.

What role does the reporting person hold at Artesian Resources (ARTNB)?

The form lists Courtney A. Emerson as General Counsel & Assistant Secretary and indicates the person is an officer and director.

Is the grant listed as direct or indirect ownership?

The filing reports the shares as direct (D) ownership following the transaction.

Does this Form 4 disclose any sales or dispositions by the insider?

No. The Form 4 records an acquisition (restricted stock grant) of 750 shares; no dispositions are reported.

Are the transaction details material to company valuation?

The filing shows a modest compensation grant; based on the disclosed size it is unlikely to be materially impactful to company valuation.