Director Maria Echaveste granted 6,103 Cadiz (NASDAQ: CDZI) shares as board pay

Rhea-AI Filing Summary

Echaveste Maria reported acquisition or exercise transactions in this Form 4 filing.

Cadiz Inc director Maria Echaveste received a stock grant as part of her board compensation. She was awarded 6,103 shares of common stock at a reference price of $4.10 per share, increasing her direct holdings to 45,730 shares.

The shares were allocated under the company’s 2019 Equity Incentive Plan for services rendered as a director for the 12-month period ended June 30, 2026. These shares are scheduled to vest on January 31, 2027, meaning they become fully earned and no longer subject to forfeiture on that date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Echaveste Maria

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,103	$4.10	$25K

Holdings After Transaction: Common Stock — 45,730 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 6,103 shares Reference price per share: $4.10 per share Total shares after grant: 45,730 shares +2 more

5 metrics

Shares granted 6,103 shares Director equity award, transaction date June 30, 2026

Reference price per share $4.10 per share Value used for the stock grant

Total shares after grant 45,730 shares Director’s direct holdings following the transaction

Service period covered 12 months Period ended June 30, 2026 for which shares were allocated

Vesting date January 31, 2027 Date when granted shares are scheduled to vest

Key Terms

2019 Equity Incentive Plan, Grant, award, or other acquisition, vesting, Common Stock

4 terms

2019 Equity Incentive Plan financial

"Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan for services rendered"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

vesting financial

"which shares will vest on January 31, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:16 PM Accepted by SEC EDGAR 07/02/2026 - 06:16 PM 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^*

Echaveste Maria

(Last) (First) (Middle)

C/O CADIZ INC.

550 S. HOPE ST., 2850

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CADIZ INC [ CDZI ]

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)
06/30/2026

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 Stock	06/30/2026		A		6,103(1)	A	$4.1	45,730	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. Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2026, which shares will vest on January 31, 2027.

	Maria Echaveste	07/02/2026
	** 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)

FAQ

What did Cadiz Inc (CDZI) director Maria Echaveste report in this Form 4?

Maria Echaveste reported receiving a grant of 6,103 Cadiz Inc common shares as director compensation. The award was made under the 2019 Equity Incentive Plan for services over a 12‑month period and increased her direct holdings to 45,730 shares.

Is the Cadiz Inc (CDZI) Form 4 transaction an open-market purchase or a stock grant?

The Form 4 shows a stock grant, not an open‑market purchase. Code “A” indicates a grant, award, or other acquisition, and the footnote explains the shares were allocated as director compensation under the 2019 Equity Incentive Plan.

How many Cadiz Inc (CDZI) shares does Maria Echaveste hold after this Form 4 transaction?

After this equity award, Maria Echaveste directly holds 45,730 shares of Cadiz Inc common stock. This reflects the addition of 6,103 granted shares to her prior position, as disclosed in the total shares following the reported transaction.

When do the Cadiz Inc (CDZI) shares granted to Maria Echaveste vest?

The 6,103 Cadiz Inc shares granted to Maria Echaveste are scheduled to vest on January 31, 2027. Vesting means the shares become fully earned and are no longer subject to forfeiture, assuming applicable service conditions are satisfied.

What period of service does the Cadiz Inc (CDZI) stock grant to Maria Echaveste cover?

The stock grant covers services as a director for the 12‑month period ended June 30, 2026. The footnote specifies that the shares were allocated for this service period under the 2019 Equity Incentive Plan and will vest in early 2027.