American States Water director sells 546 shares

A director of American States Water Co reported a small open-market share sale and updated holdings including DER units.

Rhea-AI Filing Summary

AMERICAN STATES WATER CO (AWR) director Diana M. Bonta reported selling common shares. On September 4, 2026 she sold 546 shares of common stock at a weighted average price of $88.803 per share in multiple transactions between $88.80 and $88.83. After this sale, she directly holds 16,611.9537 common shares, which include additional shares from dividend equivalent right (DER) units credited on August 17, 2026 and September 2, 2026 under the company’s 2003 and 2023 non-employee directors stock plans. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Net Seller: 546 shares

Net Sell 1 txn

Insider BONTA DIANA M

Role Director

Sold 546 shs ($48K)

Type	Security	Shares	Price	Value
Sale	Common Shares F1, F2	546	$88.803	$48K

Holdings After Transaction: Common Shares — 16,611.9537 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.80 to $88.83, inclusive. The reporting person undertakes to provide to American States Water Company, any security holder of American States Water Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
2. F2. The total reflects 21.5246 dividend equivalent right (DER) units credited to the reporting person on August 17, 2026 and 3.2567 DER units credited to the reporting person on September 2, 2026 pursuant to the terms of the American States Water Company 2003 and 2023 non-employee directors stock plans, respectively, since the reporting person's last report.

Key Figures

Shares sold: 546 shares Weighted average sale price: $88.803 per share Price range of sales: $88.80–$88.83 per share +4 more

7 metrics

Shares sold 546 shares Common shares sold on September 4, 2026 by director Diana M. Bonta

Weighted average sale price $88.803 per share Average price for the 546 shares sold in multiple trades between $88.80 and $88.83

Price range of sales $88.80–$88.83 per share Range of prices at which the 546 shares were sold on September 4, 2026

Shares owned after transaction 16,611.9537 shares Director’s direct common share holdings after the September 4, 2026 sale and DER credits

DER units credited August 17, 2026 21.5246 units Dividend equivalent right units credited under the 2003 non-employee directors stock plan

DER units credited September 2, 2026 3.2567 units Dividend equivalent right units credited under the 2023 non-employee directors stock plan

Net buy/sell shares in period -546 shares Net effect of reported transactions, reflecting only the single sale

Key Terms

weighted average price, dividend equivalent right (DER) units, non-employee directors stock plans, open market or private transaction

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

dividend equivalent right (DER) units financial

"The total reflects 21.5246 dividend equivalent right (DER) units credited"

non-employee directors stock plans financial

"pursuant to the terms of the American States Water Company 2003 and 2023 non-employee directors stock plans"

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AWR director Diana M. Bonta report on this Form 4?

She reported a sale of 546 common shares of American States Water Co on September 4, 2026, described as a sale in an open market or private transaction.

At what price were the AWR shares sold by the director?

The filing reports a weighted average price of $88.803 per share. The 546 shares were sold in multiple transactions at prices ranging from $88.80 to $88.83, inclusive.

How many AWR shares does Diana M. Bonta hold after this transaction?

After the reported sale, she directly holds 16,611.9537 common shares of American States Water Co, including shares attributable to recently credited DER units.

What are the dividend equivalent right (DER) units mentioned for AWR?

The total post-transaction holdings reflect 21.5246 DER units credited on August 17, 2026 and 3.2567 DER units credited on September 2, 2026 under American States Water Company’s 2003 and 2023 non-employee directors stock plans.

Was the AWR director’s share sale made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox as not selected, and the footnotes do not state that the September 4, 2026 sale was made under a Rule 10b5-1 trading plan.

Is this AWR Form 4 transaction a purchase or a sale overall?

The Form 4 reflects a net sale. It reports one open-market sale of 546 shares and no purchases or option exercises for the reporting period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/09/2026 - 05:52 PM EDT Accepted by SEC EDGAR 09/09/2026 - 05:52 PM EDT Learn about SEC filing dates

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^*

BONTA DIANA M

(Last) (First) (Middle)

630 E FOOTHILL BLVD

(Street)

SAN DIMAS CALIFORNIA 917673

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN STATES WATER CO [ AWR ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/04/2026		S		546	D	$88.803(1)	16,611.9537(2)	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.80 to $88.83, inclusive. The reporting person undertakes to provide to American States Water Company, any security holder of American States Water Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

2. The total reflects 21.5246 dividend equivalent right (DER) units credited to the reporting person on August 17, 2026 and 3.2567 DER units credited to the reporting person on September 2, 2026 pursuant to the terms of the American States Water Company 2003 and 2023 non-employee directors stock plans, respectively, since the reporting person's last report.

	/s/ Diana M. Bonta	09/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)