Cadiz Inc SEC Filings

Schedule 13D/A Amendment 10 highlights: Three related investors—Parag Saxena, Vedanta Partners, LLC and Vedanta Associates, L.P.—updated their beneficial ownership in Reviva Pharmaceuticals Holdings, Inc. (RVPH) as of the event date 27 June 2025 and filing date 1 July 2025.

• Parag Saxena now reports 6,259,806 shares, or 8.7 % of RVPH’s 68,003,613 outstanding shares. His stake includes 21,400 vested stock options and a mix of common shares, warrants and pre-funded warrants.
• Vedanta Partners is shown with 5,367,069 shares, equating to 7.5 % of the class.
• Vedanta Associates reports 3,408,401 shares, or 4.8 %. Because the holding fell below 5 %, Item 5(e) states the entity ceased to be a 5 % beneficial owner on 27 June 2025.
• No transactions were effected in the past 60 days; changes arise from share count dynamics and warrant/option calculations. Certain warrants are subject to a 4.99 % blocker that limits exercise to avoid crossing ownership thresholds.

Implications for investors: The overall “Vedanta group” remains a significant insider bloc (>8 %) capable of influencing corporate actions. However, one vehicle dropping below 5 % reduces mandatory reporting frequency for that entity and may signal distribution of ownership or passive dilution. The filing contains no operational, financial or strategic updates from RVPH itself.

Cadiz Inc. (CDZI) – SEC Form 4 filing dated 30 June 2025

Director Richard Garcia Polanco reported the allocation of 8,212 shares of Cadiz common stock under the company’s 2019 Equity Incentive Plan. The award, recorded at an accounting value of $3.0443 per share, represents compensation for board service during the 12-month period ended 30 June 2025 and will vest on 31 January 2026.

Following the grant, Polanco’s direct beneficial ownership rises to 22,052 shares. No shares were sold, and no derivative securities were involved. The transaction is coded “A” (grant/acquisition) and is routine director compensation rather than an open-market purchase.

For shareholders, the filing signals continued equity alignment between the board and investors but has minimal dilution and negligible impact on Cadiz’s capital structure.

Business First Bancshares, Inc. (BFST) – Form 4 insider filing

Director Joseph Vernon Johnson reported his equity position as of 26 June 2025 and disclosed a new equity award.

• Holdings: 183,057 shares of BFST common stock held directly; no shares were bought or sold in the reported period.
• New award: 1,016 time-based restricted stock units (RSUs) granted on 26 June 2025 under the company’s 2024 Equity Incentive Plan. Each RSU converts 1-for-1 into common stock and fully vests on 26 June 2026. Unvested units are forfeitable under certain conditions.
• Filing executed on 30 June 2025 by attorney-in-fact.

No other derivative or non-derivative transactions were reported. The filing primarily updates the director’s ownership table and documents the routine equity incentive grant.

Cadiz Inc. (CDZI) – SEC Form 4 filing dated June 30, 2025

Director Winston H. Hickox reported the acquisition of 8,212 shares of common stock at an accounting value of $3.0443 per share. The shares were granted under the company’s 2019 Equity Incentive Plan as compensation for board services rendered during the 12-month period ended June 30, 2025 and will vest on January 31, 2026.

• Post-transaction ownership: 193,071 shares held directly.
• Indirect holdings: 70,759 shares held by spouse.
• Insider status: Hickox files as a Director and sole reporting person; no 10b5-1 plan is indicated.

The transaction is a routine equity grant rather than an open-market purchase or sale, and it modestly increases insider alignment without immediately affecting cash flow or share count.

Cadiz Inc. (CDZI) – Form 4 insider transaction

The filing discloses that director Stephen E. Courter received 8,212 shares of Cadiz Inc. common stock on 30 June 2025. The shares were issued under the company’s 2019 Equity Incentive Plan as compensation for Courter’s board service during the 12-month period ended 30 June 2025 and will vest on 31 January 2026. The transaction is coded “A” (acquisition) and priced at $3.0443 per share, indicating the grant-date fair value used for accounting rather than an open-market purchase price.

After the award, Courter’s total direct beneficial ownership rises to 75,489 shares. No derivative securities were reported. The filing is made by a single reporting person and does not involve Rule 10b5-1 trading plans or amendments to prior reports.

Because the shares are a routine, plan-based equity grant to a non-executive director rather than a discretionary market purchase, the information is generally viewed as neutral to slightly positive for governance alignment but immaterial from a valuation or liquidity standpoint.

Cadiz Inc. (CDZI) – Form 4 insider filing: Director Maria Echaveste reported the allocation of 8,212 shares of common stock on 06/30/2025 under the company’s 2019 Equity Incentive Plan. The shares, valued for reporting purposes at $3.0443 each, represent compensation for board service during the 12-month period ended 06/30/2025 and will vest on 01/31/2026. Following the grant, Echaveste’s direct beneficial ownership rises to 39,627 shares, an increase of roughly 26% from her pre-grant holdings. No derivative securities were involved and there were no dispositions. The filing was made by a single reporting person and confirms that Echaveste remains a director of the issuer.

Cadiz Inc. (NASDAQ: CDZI / CDZIP) disclosed in an 8-K that, on 17 June 2025, it signed a non-binding three-year Memorandum of Understanding (MOU) with UK-based Hoku Energy Limited to develop a large-scale clean-energy and digital-infrastructure project on up to 10,000 of Cadiz’s 35,000 Mojave-Desert acres.

Key commercial terms include: (1) exclusive option payment of $50,000 per year to Cadiz during the option period; (2) upon exercise, a long-term lease at up to $1,000 per acre (2025 dollars) equating to an initial $7.2 million annual rent for a full 10,000-acre lease, CPI-adjusted; (3) Cadiz to supply 2,000-4,000 acre-feet of water annually for green-hydrogen production at up to $900 per acre-foot, or $1.8-3.4 million in first-year water revenue; and (4) rights for Hoku to use existing pipeline corridors, subject to added rent and approvals.

The project would combine zero-carbon renewable power, low-carbon thermal generation and a potential high-performance-computing data-centre. Hoku will fund permitting, feasibility, capital raising and must meet non-binding milestones to convert the option to a lease. The MOU excludes Cadiz’s separate green-hydrogen and solar arrangements and grants Hoku a right of first refusal to power any 400-acre commercial data-centre Cadiz may develop.

Because the MOU is non-binding, revenue visibility hinges on successful negotiations, regulatory approvals and demand conditions. The filing contains customary forward-looking-statement disclaimers.