Cadiz director gets stock awards for board service

O'Hara David Mark reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

O'Hara David Mark reported acquisition or exercise transactions in this Form 4 filing.

Cadiz Inc director David Mark O'Hara received stock awards instead of cash fees. On April 1, 2026, he was granted 3,267 shares of common stock at an indicated value of $5.74 per share and 3,709 shares at $5.055 per share.

According to the footnotes, these grants were issued under the 2019 Equity Incentive Plan in lieu of cash compensation for his board service during two periods beginning February 3, 2026 and April 1, 2026. After these awards, he directly holds 6,976 shares of Cadiz common stock.

Insider Trade Summary

Grant/Award: 6,976 shares

Grant/Award 2 txns

Insider O'Hara David Mark

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,267	$5.74	$19K
Grant/Award	Common Stock	3,709	$5.055	$19K

Holdings After Transaction: Common Stock — 6,976 shares (Direct)

Footnotes (2)

1. F1. Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer during the 2-month period beginning February 3, 2026.
2. F2. Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer during the 3-month period beginning April 1, 2026.

Key Figures

First stock award: 3,267 shares at $5.74/share Second stock award: 3,709 shares at $5.055/share Total shares after awards: 6,976 shares

3 metrics

First stock award 3,267 shares at $5.74/share Common stock grant on April 1, 2026

Second stock award 3,709 shares at $5.055/share Common stock grant on April 1, 2026

Total shares after awards 6,976 shares Direct holdings following reported transactions

Key Terms

Equity Incentive Plan, in lieu of cash compensation, Common Stock, Grant, award, or other acquisition

4 terms

Equity Incentive Plan financial

"Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

in lieu of cash compensation financial

"in lieu of cash compensation for services rendered by the Reporting Person as a director"

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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What did Cadiz Inc (CDZI) director David Mark O'Hara report in this Form 4?

David Mark O'Hara reported receiving Cadiz Inc common stock as compensation. He was granted two blocks of shares under the 2019 Equity Incentive Plan, recorded as awards rather than open-market purchases, increasing his direct holdings in the company.

How many Cadiz Inc (CDZI) shares did the director receive as stock awards?

O'Hara received a total of 6,976 Cadiz Inc common shares. This came from two grants: 3,267 shares at one value per share and 3,709 shares at another, all recorded as equity compensation in lieu of cash for his board service.

At what implied prices were the Cadiz Inc (CDZI) share awards valued?

The reported grants were valued at two per-share amounts: $5.74 for 3,267 shares and $5.055 for 3,709 shares. These figures reflect the accounting value used for the equity compensation, not an open-market trade price.

Were these Cadiz Inc (CDZI) shares bought on the open market by the director?

No, the shares were not open-market purchases. The filing classifies both transactions as awards under transaction code “A,” reflecting grants of common stock as compensation rather than discretionary buying or selling in the market.

What period of service did the Cadiz Inc (CDZI) stock awards cover for the director?

The footnotes state the stock awards replaced cash fees for two service periods. One covered a two-month period beginning February 3, 2026, and the other a three-month period beginning April 1, 2026, tied to his role as a director.

How many Cadiz Inc (CDZI) shares does the director own after these transactions?

After the reported grants, O'Hara directly holds 6,976 shares of Cadiz Inc common stock. This total reflects the cumulative position following the two equity awards disclosed in the Form 4 filing for April 1, 2026.

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

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Accepted by SEC EDGAR 04/03/2026 - 03:01 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^*

O'Hara David Mark

(Last) (First) (Middle)

47331 FREEDOM STREET

(Street)

DELL RAPIDS SOUTH DAKOTA 57048

(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)
04/01/2026

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	04/01/2026		A		3,267(1)	A	$5.74	3,267	D
Common Stock	04/01/2026		A		3,709(2)	A	$5.055	6,976	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 issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer during the 2-month period beginning February 3, 2026.

2. Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer during the 3-month period beginning April 1, 2026.

	David Mark O'Hara	04/03/2026
	** 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)