Cadiz Inc (CDZI) director granted 927 shares in lieu of cash fees

Rhea-AI Filing Summary

Lloyd Barbara A reported acquisition or exercise transactions in this Form 4 filing.

CADIZ INC director Barbara A. Lloyd received a stock grant as part of her board compensation. She was awarded 927 shares of common stock valued at $5.055 per share under the company’s 2019 Equity Incentive Plan, issued in lieu of cash fees for director services for the three-month period beginning April 1, 2026. Following this grant, she directly holds 22,272 shares of CADIZ INC common stock, reflecting a routine, compensation-related equity award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lloyd Barbara A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	927	$5.055	$5K

Holdings After Transaction: Common Stock — 22,272 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 927 shares Grant price: $5.055 per share Total holdings after grant: 22,272 shares

3 metrics

Shares granted 927 shares Common Stock grant for three-month director service period beginning April 1, 2026

Grant price $5.055 per share Reported value for 927-share stock grant to director

Total holdings after grant 22,272 shares Director Barbara A. Lloyd’s direct CADIZ INC holdings following the award

Key Terms

2019 Equity Incentive Plan, in lieu of cash compensation, Form 4

3 terms

2019 Equity Incentive Plan financial

"Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended"

in lieu of cash compensation financial

"in lieu of cash compensation for services rendered by the Reporting Person as a director"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Lloyd Barbara A

(Last) (First) (Middle)

1290 HOLMBY AVENUE

(Street)

LOS ANGELES CALIFORNIA 90024

(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)
04/01/2026

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	04/01/2026		A		927(1)	A	$5.055	22,272	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 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 April 1, 2026.

	Barbara A. Lloyd	04/03/2026
	** 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 Barbara A. Lloyd report in this Form 4?

Barbara A. Lloyd reported receiving 927 shares of CADIZ INC common stock as a stock grant. The award was given as compensation for her board service, replacing cash fees for a three-month period beginning April 1, 2026.

Was the CADIZ INC (CDZI) Form 4 transaction an open-market purchase or a grant?

The transaction was a grant, not an open-market purchase. Lloyd received 927 shares as a stock award under the 2019 Equity Incentive Plan in lieu of cash compensation for her director services during a specified three-month period.

How many CADIZ INC (CDZI) shares does Barbara A. Lloyd hold after this grant?

After the grant, Barbara A. Lloyd directly holds 22,272 shares of CADIZ INC common stock. This total reflects the addition of the 927 shares granted as director compensation under the company’s 2019 Equity Incentive Plan.

What price per share was used for Barbara A. Lloyd’s CADIZ INC stock grant?

The grant was valued at $5.055 per share for the 927 CADIZ INC common shares awarded. This price is used for reporting purposes and reflects the value assigned to the compensation-related stock grant on the transaction date.

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

The 2019 Equity Incentive Plan allows CADIZ INC to issue stock-based compensation, such as grants to directors. In this case, it was used to grant 927 shares to Barbara A. Lloyd instead of paying cash fees for a three-month service period.

What period of service does Barbara A. Lloyd’s CADIZ INC stock grant cover?

The stock grant compensates Barbara A. Lloyd for services as a CADIZ INC director during the three-month period beginning April 1, 2026. Shares were issued in lieu of cash compensation for that specific timeframe under the equity incentive plan.