Global Water Resources officer reports 1,184 shares

Global Water Resources, Inc. reported the initial equity holdings of officer Kyle Upchurch, Vice President and Controller.

Rhea-AI Filing Summary

Global Water Resources, Inc. reported the initial equity holdings of officer Kyle Upchurch, Vice President and Controller. The filing lists direct ownership of 1,184 shares of common stock. A footnote explains these shares arise from 1,666 shares of restricted stock previously awarded and vested, with 482 shares retained by the company for payroll tax purposes.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Upchurch Kyle

Role Vice President and Controller

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,184 shares (Direct)

Footnotes (1)

1. F1. Shares represent 1,666 shares of restricted stock previously awarded and vested, of which 482 shares were retained by the Company for payroll tax purposes.

Key Figures

Direct common shares held: 1,184 shares Restricted stock previously awarded and vested: 1,666 shares Shares retained for payroll tax: 482 shares

3 metrics

Direct common shares held 1,184 shares Direct ownership reported by officer Kyle Upchurch in Form 3

Restricted stock previously awarded and vested 1,666 shares Underlying restricted stock award referenced in the footnote

Shares retained for payroll tax 482 shares Portion of vested restricted stock retained by the company for payroll tax purposes

Key Terms

restricted stock, payroll tax, beneficial ownership

3 terms

restricted stock financial

"Shares represent 1,666 shares of restricted stock previously awarded and vested"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

payroll tax financial

"482 shares were retained by the Company for payroll tax purposes"

A payroll tax is a government-required charge on wages and salaries, typically withheld from employees’ paychecks and often matched or paid by employers; the money funds specific public programs such as retirement and health insurance systems. It matters to investors because payroll taxes affect companies’ labor costs and workers’ take-home pay, which in turn can influence corporate profitability and consumer spending—like a recurring fee tied directly to payroll.

beneficial ownership financial

"represents the reporting person’s beneficial ownership of common stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filing by GWRS officer Kyle Upchurch report?

The Form 3 for Global Water Resources, Inc. (GWRS) reports that officer Kyle Upchurch directly owns 1,184 shares of common stock, reflecting his initial equity position as an insider.

How many GWRS shares does Kyle Upchurch directly hold according to this Form 3?

According to the filing, Kyle Upchurch directly holds 1,184 shares of Global Water Resources common stock. This is his reported beneficial ownership as of the reported date.

What is the significance of the 1,666 restricted GWRS shares mentioned in the footnote?

The footnote states that the 1,184 shares held represent 1,666 shares of restricted stock previously awarded and vested, with part of that award reduced for payroll tax withholding.

Why were 482 GWRS shares retained by the company in Kyle Upchurch’s Form 3?

The footnote explains that 482 shares from the vested restricted stock award were retained by the company to cover payroll tax obligations associated with the vesting.

What insider role does Kyle Upchurch hold at Global Water Resources (GWRS)?

Kyle Upchurch is reported as an officer of Global Water Resources, Inc., serving as Vice President and Controller, and his equity holdings are disclosed in this Form 3.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/09/2026 - 08:10 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Upchurch Kyle

(Last) (First) (Middle)

21410 N 19TH AVE

SUITE 220

(Street)

PHOENIX ARIZONA 85027

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2026

3. Issuer Name and Ticker or Trading Symbol
Global Water Resources, Inc. [ GWRS ]

3a. Foreign Trading Symbol

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and Controller

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,184(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares represent 1,666 shares of restricted stock previously awarded and vested, of which 482 shares were retained by the Company for payroll tax purposes.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	07/09/2026
	** 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 5 (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 3: SEC 1473 (03-26)