Director at CADIZ INC (NASDAQ: CDZI) receives 6,103-share equity grant as board compensation

Rhea-AI Filing Summary

Polanco Richard Garcia reported acquisition or exercise transactions in this Form 4 filing.

CADIZ INC director Richard Garcia Polanco received a grant of 6,103 shares of Common Stock valued at $4.10 per share. The award was allocated under the 2019 Equity Incentive Plan as compensation for services as a director for the 12-month period ended June 30, 2026. These shares will vest on January 31, 2027, bringing his direct holdings to 28,155 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Polanco Richard Garcia

Role null

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

Holdings After Transaction: Common Stock — 28,155 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 6,103 shares Grant reference price: $4.10 per share Post-transaction holdings: 28,155 shares +2 more

5 metrics

Shares granted 6,103 shares Compensation grant for 12-month period ended June 30, 2026

Grant reference price $4.10 per share Reported price per share for the 6,103-share grant

Post-transaction holdings 28,155 shares Director’s direct ownership after the grant

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

Service period covered 12-month period ended June 30, 2026 Board service period for which shares were allocated

Key Terms

2019 Equity Incentive Plan, Common Stock, 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..."

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.

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 03.07.2026 - 01:27 Accepted by SEC EDGAR 03.07.2026 - 01:27 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^*

Polanco Richard Garcia

(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	28,155	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.

	Richard Garcia Polanco	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 did CADIZ INC (CDZI) director Richard Garcia Polanco report in this Form 4?

Director Richard Garcia Polanco reported receiving 6,103 shares of CADIZ INC Common Stock. The shares were granted as compensation under the 2019 Equity Incentive Plan for his board service over a specified 12‑month period.

Is the CADIZ INC (CDZI) Form 4 transaction a market purchase or a compensation grant?

The Form 4 transaction is a compensation grant, not a market purchase. Polanco received 6,103 shares as a grant or award, classified as a non-derivative acquisition under the company’s 2019 Equity Incentive Plan for director services.

When do the granted CADIZ INC (CDZI) shares to director Polanco vest?

The 6,103 granted shares will vest on January 31, 2027. Until vesting, the award reflects compensation allocated for director services over the 12‑month period that ended June 30, 2026, under the company’s 2019 Equity Incentive Plan.

How many CADIZ INC (CDZI) shares does director Polanco hold after this Form 4 transaction?

After this grant, Polanco directly holds 28,155 shares of CADIZ INC Common Stock. This figure includes the newly awarded 6,103 shares reported in the Form 4, reflecting his updated direct ownership position in the company.

What plan governed the CADIZ INC (CDZI) share grant reported by director Polanco?

The share grant was made under CADIZ INC’s 2019 Equity Incentive Plan. This plan provides equity-based compensation, and the 6,103-share award compensates Polanco for his services as a director over a defined 12‑month period.