Consolidated Water (CWCO) Director Reports Sale of 4,755 Shares

Rhea-AI Filing Summary

Raymond Whittaker, a director of Consolidated Water Co. Ltd. (CWCO), reported an insider sale on 08/22/2025. He disposed of 4,755 shares of the company’s common stock in multiple trades at a weighted-average sale price of $33.35, with trade prices ranging from $33.26 to $33.52. Following the transaction, the reporting person beneficially owns 1,000 shares, held directly. The Form 4 was signed and filed on 08/25/2025 and includes an undertaking to provide detailed trade-by-trade information on request.

Positive

• None.

Negative

• Director sold a majority of reported holdings, decreasing beneficial ownership from 5,755 implied to 1,000 shares after the sale
• No 10b5-1 plan indicated in the filing, so the sale appears to be an open-market transaction without plan documentation

Insights

Financial Analyst

TL;DR: Routine director stock sale; transaction disclosed transparently with weighted-average price and remaining holdings.

The filing shows a single reporting person, Director Raymond Whittaker, executing a sale of 4,755 shares on 08/22/2025 at a weighted-average price of $33.35, leaving 1,000 shares beneficially owned. The disclosure notes multiple trades with prices between $33.26 and $33.52 and offers to provide detailed trade data on request. From a market-impact perspective, this appears to be a routine insider sale without additional context on intent, and the size relative to outstanding shares or director stake is not provided in the filing.

Corporate Governance Expert

TL;DR: Proper Form 4 reporting of a director sale; documentation meets Rule 16 reporting requirements.

The Form 4 is completed with required fields: reporting person identification, relationship to issuer (Director), transaction date, code (S for sale), number of shares sold, weighted-average price, and post-transaction beneficial ownership. The explanatory note documents execution across multiple trades and commits to furnish trade-level details on request, which supports transparency and compliance. The filing does not include any plan (e.g., 10b5-1) notation, so the sale appears to be an open-market disposition reported under Section 16.

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^*

Whittaker Raymond

(Last) (First) (Middle)

PO BOX 1114

(Street)

GRAND CAYMAN E9 KY1-1102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Consolidated Water Co. Ltd. [ CWCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/22/2025		S		4,755	D	$33.35(1)	1,000	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. This transaction was executed in multiple trades at prices ranging from $33.26 to $33.52. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.

	/s/ Raymond Whittaker	08/25/2025
	** 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.

FAQ

What did CWCO director Raymond Whittaker report on Form 4?

The Form 4 reports that Raymond Whittaker sold 4,755 shares of Consolidated Water Co. Ltd. common stock on 08/22/2025.

At what price were the CWCO shares sold by the director?

The sale was executed in multiple trades at prices ranging from $33.26 to $33.52, with a reported weighted-average sale price of $33.35.

How many CWCO shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 1,000 shares held directly.

Was the sale part of a 10b5-1 trading plan according to the filing?

No 10b5-1 plan box or plan reference is indicated in the Form 4; the filing does not state that the transaction was executed under a 10b5-1 plan.

When was the Form 4 signed and filed?

The signature block shows the Form 4 was signed by Raymond Whittaker on 08/25/2025.