What are the terms of Maria S. Dreyfus’s 4,464-share Cadiz Inc. award?

The 4,464-share award at $4.20 per share was allocated for director services over the 12 months ended June 30, 2026. These shares were granted under the 2019 Equity Incentive Plan and will vest on January 31, 2027, subject to the plan’s conditions.

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

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Dreyfus Maria S. reported acquisition or exercise transactions in this Form 4 filing.

Cadiz Inc. director Maria S. Dreyfus reported stock-based compensation awards, not open-market purchases. She received 4,464 shares of common stock at $4.20 per share for board service over the 12-month period ended June 30, 2026; these shares vest on January 31, 2027. She also received 6,103 shares at $4.10 per share issued under the company’s 2019 Equity Incentive Plan in lieu of cash compensation for director services during the three-month period beginning July 1, 2026. Following these awards, she directly holds 196,570 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Dreyfus Maria S.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,464	$4.20	$19K
Grant/Award	Common Stock	6,103	$4.10	$25K

Holdings After Transaction: Common Stock — 196,570 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 12-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

Award 1 shares: 4,464 shares Award 1 price: $4.20/share Award 2 shares: 6,103 shares +2 more

5 metrics

Award 1 shares 4,464 shares Common stock grant at $4.20 per share for 12-month period ended June 30, 2026

Award 1 price $4.20/share Allocation under 2019 Equity Incentive Plan

Award 2 shares 6,103 shares Common stock grant at $4.10 per share for 3-month period beginning July 1, 2026

Award 2 price $4.10/share Issued in lieu of cash compensation

Post-transaction holdings 196,570 shares Direct Cadiz Inc. common stock held after reported grants

Key Terms

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

"transaction_action: grant/award acquisition"

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

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:34 PM Accepted by SEC EDGAR 07/02/2026 - 06:33 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^*

Dreyfus Maria S.

(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		6,103⁽¹⁾	A	$4.1	192,106	D
Common Stock	07/01/2026		A		4,464⁽²⁾	A	$4.2	196,570	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 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.

	Maria S. Dreyfus	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 activity did Cadiz Inc. (CDZI) report for Maria S. Dreyfus?

Cadiz Inc. reported that director Maria S. Dreyfus received stock awards totaling 10,567 common shares as compensation. These awards were granted under the 2019 Equity Incentive Plan for past and upcoming board service, rather than representing open-market stock purchases or sales.

How many Cadiz Inc. (CDZI) shares does Maria S. Dreyfus hold after these grants?

After the reported grants, Maria S. Dreyfus directly holds 196,570 Cadiz Inc. common shares. This reflects her updated ownership position including the new stock-based compensation awards disclosed, giving investors a snapshot of her current equity stake as a board member.

Why did Cadiz Inc. grant 6,103 shares to Maria S. Dreyfus?

Cadiz Inc. granted 6,103 common shares at $4.10 per share to Maria S. Dreyfus in lieu of cash compensation. The shares cover her services as a director during the three-month period beginning July 1, 2026, under the company’s amended 2019 Equity Incentive Plan.

Are Maria S. Dreyfus’s Cadiz Inc. stock awards open-market transactions?

The reported transactions are stock awards, not open-market trades. Both grants were issued under Cadiz Inc.’s 2019 Equity Incentive Plan as compensation for board service, replacing or supplementing cash fees rather than reflecting discretionary buying or selling in the market.