Cadiz (NASDAQ: CDZI) director receives 6,103-share equity grant as board pay

Rhea-AI Filing Summary

Lombard Kenneth T reported acquisition or exercise transactions in this Form 4 filing.

CADIZ INC director Kenneth T. Lombard received a stock award of 6,103 shares of Common Stock, valued at $4.10 per share. This grant compensates him for services as a director for the 12‑month period ended June 30, 2026, under the 2019 Equity Incentive Plan.

The shares will vest on January 31, 2027, meaning he must remain eligible through that date to fully earn them. After this award, Lombard directly holds a total of 30,990 shares of CADIZ INC common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lombard Kenneth T

Role null

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

Holdings After Transaction: Common Stock — 30,990 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock award size: 6,103 shares Grant price per share: $4.10 per share Post-grant holdings: 30,990 shares +2 more

5 metrics

Stock award size 6,103 shares Common Stock grant to director on June 30, 2026

Grant price per share $4.10 per share Valuation used for the 6,103-share award

Post-grant holdings 30,990 shares Total Common Stock held directly after the transaction

Vesting date January 31, 2027 Date when the 6,103 granted shares vest

Service period covered 12 months Director services for period ended June 30, 2026

Key Terms

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

4 terms

2019 Equity Incentive Plan financial

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

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"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:21 PM Accepted by SEC EDGAR 07/02/2026 - 06:21 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^*

Lombard Kenneth T

(Last) (First) (Middle)

550 SOUTH HOPE STREET

SUITE 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	30,990	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.

	Kenneth T. Lombard	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 insider transaction did CADIZ INC (CDZI) report for Kenneth T. Lombard?

CADIZ INC reported that director Kenneth T. Lombard received a grant of 6,103 shares of Common Stock. The shares were awarded as director compensation under the company’s 2019 Equity Incentive Plan, rather than purchased on the open market.

At what price were the CADIZ INC (CDZI) shares granted to Kenneth T. Lombard valued?

The 6,103 CADIZ INC shares granted to Kenneth T. Lombard were valued at $4.10 per share. This value reflects the grant price used for the stock award under the company’s 2019 Equity Incentive Plan.

When do Kenneth T. Lombard’s CADIZ INC (CDZI) stock awards vest?

The 6,103 CADIZ INC shares granted to Kenneth T. Lombard will vest on January 31, 2027. Vesting means he must satisfy continued service or other plan conditions through that date to fully earn the award.

How many CADIZ INC (CDZI) shares does Kenneth T. Lombard hold after this grant?

Following the stock award, Kenneth T. Lombard directly holds 30,990 shares of CADIZ INC Common Stock. This total includes the newly granted 6,103 shares reported in the Form 4 filing for the June 30, 2026 transaction date.

What is the purpose of the CADIZ INC 2019 Equity Incentive Plan in this Form 4?

The 2019 Equity Incentive Plan provided the framework for granting 6,103 CADIZ INC shares to director Kenneth T. Lombard. It compensates him for board service during the 12‑month period ended June 30, 2026, using equity instead of only cash.