Cadiz Inc (CDZI) director awarded stock in lieu of cash fees

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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 two stock grants as part of his board compensation. He was awarded 4,464 shares of common stock at $4.20 per share for services over a five-month period ended June 30, 2026, vesting on January 31, 2027. He also received 3,052 shares at $4.10 per share, issued under the company’s 2019 Equity Incentive Plan in lieu of cash compensation for a three-month period beginning July 1, 2026. Following these awards, he directly holds 125,357 Cadiz Inc common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider O'Hara David Mark

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,464	$4.20	$19K
Grant/Award	Common Stock	3,052	$4.10	$13K

Holdings After Transaction: Common Stock — 125,357 shares (Direct, null)

Footnotes (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 5-month period ended June 30, 2026, which shares will vest on January 31, 2027. 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 July 1, 2026.

Key Figures

Stock grant 1: 4,464 shares at $4.20 Stock grant 2: 3,052 shares at $4.10 Total shares after transactions: 125,357 shares +1 more

4 metrics

Stock grant 1 4,464 shares at $4.20 Award for 5-month period ended June 30, 2026; vests January 31, 2027

Stock grant 2 3,052 shares at $4.10 Issued in lieu of cash compensation for 3-month period beginning July 1, 2026

Total shares after transactions 125,357 shares Common stock directly held after latest reported grant

Award type 2 acquisitions Both coded as A (grant, award, or other acquisition) of common stock

Key Terms

2019 Equity Incentive Plan, in lieu of cash compensation, vest, Grant, award, or other acquisition

4 terms

2019 Equity Incentive Plan financial

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

in lieu of cash compensation financial

"Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation"

vest financial

"which shares will vest on January 31, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:49 PM Accepted by SEC EDGAR 07/02/2026 - 06:48 PM

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		3,052⁽¹⁾	A	$4.1	120,893	D
Common Stock	07/01/2026		A		4,464⁽²⁾	A	$4.2	125,357	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 5-month period ended June 30, 2026, which shares will vest on January 31, 2027.

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 July 1, 2026.

	David Mark O'Hara	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cadiz Inc (CDZI) report for David Mark O'Hara?

Cadiz Inc reported that director David Mark O'Hara received two stock grants as compensation. He was awarded 4,464 shares at $4.20 and 3,052 shares at $4.10, both under the 2019 Equity Incentive Plan, instead of receiving all compensation in cash.

How many Cadiz Inc (CDZI) shares does David Mark O'Hara hold after these grants?

After the reported grants, David Mark O'Hara directly holds 125,357 shares of Cadiz Inc common stock. This total reflects his position following the latest equity award, providing context for the scale of these compensation-related share allocations.

Were the Cadiz Inc (CDZI) insider transactions open-market purchases or compensation grants?

The transactions were compensation-related stock grants, not open-market purchases. Both awards were made under Cadiz Inc’s 2019 Equity Incentive Plan as consideration for O'Hara’s board service, including shares issued in lieu of cash compensation.

When do David Mark O'Hara’s new Cadiz Inc (CDZI) shares vest?

The 4,464-share award for the five-month period ended June 30, 2026 will vest on January 31, 2027. The 3,052 shares issued for the three-month period beginning July 1, 2026 are described as issued in lieu of cash compensation under the plan.

Under which plan were the Cadiz Inc (CDZI) stock awards to David Mark O'Hara granted?

The stock awards were granted under Cadiz Inc’s 2019 Equity Incentive Plan, as amended. This plan provides for equity-based compensation to directors, including shares allocated for service periods and shares issued instead of cash fees.