[Form 4] Global Water Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alexander Richard M, a director of Global Water Resources, Inc. (GWRS), received 50 restricted stock units (RSUs) on 08/29/2025 that are fully vested upon grant. Each RSU represents the economic equivalent of one share of common stock. The RSUs are redeemable only when the reporting person ceases to be a director, per the companys omnibus plans incorporated by reference in its 10-K. After this grant, the reporting person beneficially owns 2,216 shares of common stock on a direct basis. The Form 4 reporting this transaction was signed by an attorney-in-fact on 09/02/2025.

Positive

• RSUs are fully vested upon grant, giving immediate economic interest to the director
• Filing shows direct beneficial ownership of 2,216 shares, improving transparency of insider holdings
• Redemption restriction aligns director incentives with continued service by limiting liquidity until departure

Negative

• None.

Insights

Securities Analyst

TL;DR: A small, fully vested director RSU grant increased direct holdings to 2,216 shares; grant includes post-employment redemption restriction.

The filing documents a routine equity award of 50 RSUs to a company director, exercisable into the economic equivalent of shares and immediately vested. The award is limited by a redemption condition that delays liquidity until the director leaves the board, which aligns incentives with continued service. The added 50 units represent a modest change relative to total holdings and do not indicate dilution or cash compensation changes. This disclosure is standard for director compensation and compliance with Section 16 reporting.

Corporate Governance Expert

TL;DR: Governance practice appears standard: RSUs vested at grant but subject to redemption on departure, tying compensation to tenure.

The RSU structure described is consistent with board-retention incentives: immediate vesting grants economic interest while redemption terms restrict transfer until departure, which may prevent short-term trading by insiders. The filing properly identifies the reporting person as a director and shows direct beneficial ownership of 2,216 shares after the grant. No unusual governance features or material caveats are disclosed in this Form 4.

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^*

Alexander Richard M

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #205

(Street)

PHOENIX AZ 85027

(City) (State) (Zip)

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

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)
08/29/2025

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

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
Restricted Stock Units	(1)	08/29/2025		A		50		(2)	(2)	Common Stock	50	$0	2,216	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

2. The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed within the Omnibus plans incorporated by reference within our latest filed 10-K.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	09/02/2025
	** 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 transaction did GWRS director Alexander Richard M report on Form 4?

He reported receipt of 50 restricted stock units (RSUs) granted on 08/29/2025, fully vested upon grant.

How many GWRS shares does Alexander Richard M beneficially own after the grant?

The Form 4 reports 2,216 shares of common stock beneficially owned following the transaction.

Are the RSUs immediately transferable or redeemable?

The RSUs are only redeemable when the reporting person ceases to be a director, per the omnibus plans referenced in the companys 10-K.

When was the Form 4 filed and who signed it?

The Form 4 reports the transaction date as 08/29/2025 and was signed by an attorney-in-fact on 09/02/2025.

Do the RSUs convert into common stock and at what price?

Each RSU is the economic equivalent of one share of common stock and the reported price is $0 for the grant, indicating no purchase price was paid.