Director at Consolidated Water (CWCO) gifts 50,080 shares

Rhea-AI Filing Summary

Consolidated Water Co. Ltd. director Clarence B. Flowers reported a bona fide gift of 50,080 shares of Common Stock on May 28, 2025. The gift was recorded at a price of $0.00 per share, reflecting a non-market, no‑consideration transfer.

After the gift, Flowers directly owns 250,396 Common shares and has indirect ownership of 4,174 shares held in his spouse’s individual account. The direct holdings include 100,158 shares in an account with shared ownership with his sibling and 150,238 shares held under an estate of which he is the beneficial owner.

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
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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^*

FLOWERS CLARENCE B.

(Last) (First) (Middle)

REGATTA OFFICE PARK, WINDWARD THREE

4TH FLOOR, WEST BAY ROAD, P.O. 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)
05/28/2025

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	05/28/2025		G		50,080	D	$0	250,396(1)	D(2)
Common Stock								4,174	I	See footnote(3)

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. Includes 100,158 shares that are held in an account where ownership is shared with the sibling of the reporting person.

2. Includes 150,238 shares held under an estate of which the reporting person is the beneficial owner.

3. The shares are held in the individual account of the reporting person's spouse.

	/s/ /s/ Clarence B. Flowers	03/13/2026
	** 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.

FAQ

What insider transaction did CWCO director Clarence B. Flowers report?

CWCO director Clarence B. Flowers reported a bona fide gift of 50,080 shares of Consolidated Water Common Stock. The transfer occurred on May 28, 2025, at a stated price of $0.00 per share, indicating a non-market, no‑consideration transaction.

How many Consolidated Water (CWCO) shares did Clarence B. Flowers retain after the gift?

After the gift, Clarence B. Flowers directly owns 250,396 CWCO Common shares. He also has indirect ownership of 4,174 shares held in his spouse’s individual account, according to the ownership details disclosed in the Form 4 filing.

How is Clarence B. Flowers’ direct ownership in CWCO shares structured?

Flowers’ direct CWCO holdings of 250,396 shares include 100,158 shares in an account with shared ownership with his sibling and 150,238 shares held under an estate where he is the beneficial owner, as described in the Form 4 footnotes.

What type of Form 4 transaction code was used in the CWCO filing?

The CWCO Form 4 lists the transaction under code G, which is described as a bona fide gift. This code confirms the 50,080-share transfer by director Clarence B. Flowers was structured as a gift rather than a market purchase or sale.

Does the CWCO Form 4 show any derivative security transactions for Clarence B. Flowers?

The CWCO Form 4 shows no derivative security transactions for Clarence B. Flowers. The derivative summary is empty, and the only reportable activity is the non-derivative Common Stock gift of 50,080 shares plus updated direct and indirect share balances.