Cadiz director receives stock grants as compensation

Lloyd Barbara A reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lloyd Barbara A reported acquisition or exercise transactions in this Form 4 filing.

Cadiz Inc director Barbara A. Lloyd reported two stock-based compensation awards of common stock. One award covered 1,116 shares at $4.20 per share, and another covered 6,103 shares at $4.10 per share, both classified as grants or awards rather than open-market purchases.

The footnotes state these shares were allocated under Cadiz’s 2019 Equity Incentive Plan for services as a director, including shares vesting on January 31, 2027 and shares issued in lieu of cash compensation for a three-month service period beginning July 1, 2026. After these grants, Lloyd directly holds 29,491 common shares.

Insider Trade Summary

Grant/Award: 7,219 shares

Grant/Award 2 txns

Insider Lloyd Barbara A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,116	$4.20	$5K
Grant/Award	Common Stock	6,103	$4.10	$25K

Holdings After Transaction: Common Stock — 29,491 shares (Direct)

Footnotes (2)

1. F1. Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan, as amended, 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.
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 July 1, 2026.

Key Figures

Stock grant 1: 1,116 shares at $4.20 Stock grant 2: 6,103 shares at $4.10 Post-transaction holdings: 29,491 shares +2 more

5 metrics

Stock grant 1 1,116 shares at $4.20 Common Stock award coded as grant/award acquisition

Stock grant 2 6,103 shares at $4.10 Common Stock award coded as grant/award acquisition

Post-transaction holdings 29,491 shares Common Stock directly owned after reported grants

Award vesting date January 31, 2027 Vesting date for shares allocated for 12-month period ended June 30, 2026

Service period for cash-in-lieu award 3 months beginning July 1, 2026 Period covered by shares issued instead of cash compensation

Key Terms

2019 Equity Incentive Plan, vest, in lieu of cash compensation, grant/award acquisition

4 terms

2019 Equity Incentive Plan financial

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

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.

in lieu of cash compensation financial

"Shares issued to the Reporting Person ... in lieu of cash compensation for services rendered"

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

FAQ

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

What insider transactions did Cadiz Inc (CDZI) director Barbara A. Lloyd report?

Barbara A. Lloyd reported two acquisitions of Cadiz Inc common stock as stock-based compensation. One grant was 1,116 shares at $4.20 per share and another was 6,103 shares at $4.10 per share, both classified as awards rather than open-market purchases.

How many Cadiz Inc (CDZI) shares does Barbara A. Lloyd hold after these Form 4 transactions?

After the reported grants, Barbara A. Lloyd holds 29,491 Cadiz Inc common shares directly. This total reflects her updated ownership position following the two stock awards disclosed on the Form 4 as compensation for her service on the company’s board of directors.

What is the purpose of the Cadiz Inc 2019 Equity Incentive Plan mentioned in the Form 4?

The 2019 Equity Incentive Plan, as amended, provides stock-based compensation to Cadiz Inc participants. In this filing, shares were allocated to director Barbara A. Lloyd under the plan for board service, including awards that vest later and shares issued instead of cash compensation for a defined service period.

How are the new Cadiz Inc (CDZI) stock awards to Barbara A. Lloyd structured over time?

One stock award covers services for the 12-month period ended June 30, 2026 and vests on January 31, 2027. Another award is issued in lieu of cash compensation for services during the three-month period beginning July 1, 2026, aligning equity delivery with specific board service periods.

Were Barbara A. Lloyd’s Cadiz Inc (CDZI) stock awards open-market purchases or compensation grants?

The transactions were compensation-related grants, not open-market purchases. Both are coded as “A” for grant, award, or other acquisition and are described in the footnotes as shares allocated or issued under Cadiz’s 2019 Equity Incentive Plan for her services as a director.

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

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Accepted by SEC EDGAR 07/02/2026 - 06:55 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^*

Lloyd Barbara A

(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	28,375	D
Common Stock	07/01/2026		A		1,116(2)	A	$4.2	29,491	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, as amended, 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.

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.

	Barbara A. Lloyd	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)