Cadiz director granted 6,103 shares as equity pay

Hickox Winston H reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hickox Winston H reported acquisition or exercise transactions in this Form 4 filing.

CADIZ INC director Winston H. Hickox received an equity grant of 6,103 shares of Common Stock at $4.10 per share. The shares were allocated under the 2019 Equity Incentive Plan for his board service for the 12 months ended June 30, 2026 and will vest on January 31, 2027. After this grant, he directly holds 199,174 shares, while his spouse holds 70,759 shares indirectly.

Insider Trade Summary

Grant/Award: 6,103 shares

Grant/Award 2 txns

Insider Hickox Winston H

Role Director

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

Holdings After Transaction: Common Stock — 199,174 shares (Direct); Common Stock — 70,759 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. 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.

Key Figures

Equity grant size: 6,103 shares Grant price: $4.10 per share Direct holdings after grant: 199,174 shares +3 more

6 metrics

Equity grant size 6,103 shares Director grant of Common Stock on June 30, 2026

Grant price $4.10 per share Price used for 6,103-share director award

Direct holdings after grant 199,174 shares Common Stock directly owned by Hickox after transaction

Indirect spouse holdings 70,759 shares Common Stock held indirectly by spouse

Service period covered 12 months Board service period ended June 30, 2026

Vesting date January 31, 2027 Scheduled vesting of 6,103-share grant

Key Terms

2019 Equity Incentive Plan, grant, award, or other acquisition, non-derivative, indirect ownership, +1 more

5 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"

non-derivative financial

"transaction_type: non-derivative"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: By Spouse"

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.

FAQ

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

What did CADIZ INC (CDZI) director Winston H. Hickox report in this Form 4?

Winston H. Hickox reported receiving 6,103 shares of CADIZ INC Common Stock as an equity grant. The award compensates him for board service for the 12 months ended June 30, 2026 and is scheduled to vest on January 31, 2027.

How many CADIZ INC shares did Winston H. Hickox acquire and at what price?

He was granted 6,103 shares of CADIZ INC Common Stock at $4.10 per share. This was a compensation-related award under the 2019 Equity Incentive Plan, not an open-market purchase, and reflects routine director equity compensation.

When will Winston H. Hickox’s new CADIZ INC share grant vest?

The 6,103-share equity grant to Winston H. Hickox will vest on January 31, 2027. The filing states the award covers services as a director for the 12-month period ended June 30, 2026 under the 2019 Equity Incentive Plan.

What are Winston H. Hickox’s CADIZ INC share holdings after this Form 4?

After the reported grant, Winston H. Hickox directly holds 199,174 shares of CADIZ INC Common Stock. In addition, 70,759 shares are held indirectly by his spouse, giving a fuller picture of his direct and family-related exposure.

Is the CADIZ INC Form 4 transaction a market buy or sell?

The transaction is not a market buy or sell. It is classified as a grant or award acquisition, where Hickox received 6,103 shares as director compensation, rather than purchasing or selling shares on the open market.

What plan governs Winston H. Hickox’s CADIZ INC equity award?

The award was made under CADIZ INC’s 2019 Equity Incentive Plan. The filing explains that the 6,103 shares were allocated for services rendered as a director during the 12-month period ended June 30, 2026 and will vest in early 2027.

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

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Accepted by SEC EDGAR 07/02/2026 - 05:52 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^*

Hickox Winston H

(Last) (First) (Middle)

C/O CADIZ INC.

550 SOUTH HOPE STREET, SUIE 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	199,174	D
Common Stock								70,759	I	By Spouse

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.

	Winston H. Hickox	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)