Global Water Resources insider Andrew Cohn reports 735-share award

Rhea-AI Filing Summary

Andrew M. Cohn, a director of Global Water Resources, Inc. (GWRS), reported an acquisition of 735 shares of the issuer's common stock on 08/20/2025 at a reported price of $9.70 per share. The filing states these shares are restricted stock awarded which are fully vested when granted. After the transaction the reporting person is shown as beneficially owning 2,386,882.437 shares directly and 42,150 shares indirectly through shared voting and dispositive power with his children. The Form 4 was signed by an attorney-in-fact on 08/22/2025. The filing discloses no derivative transactions or other disposals.

Positive

• Shares fully vested at grant, meaning the reporting person gained immediate ownership rights.
• Clear disclosure of direct and indirect holdings, including description of family relationship for indirect shares.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received fully vested restricted shares, modest direct purchase relative to total reported holdings.

The Form 4 documents a routine insider share award and acquisition by a company director. The filing explicitly states the 735 shares are restricted stock that vest immediately, which is important for understanding timing of beneficial ownership and potential sale eligibility. The report also clarifies indirect holdings of 42,150 shares via family relationship, indicating shared control over a separate block of shares. No derivative instruments or dispositions are reported, and the disclosure appears complete for the transactions listed.

Securities Analyst

TL;DR: Transaction is an awarded, vested equity grant; impact appears routine and non-dilutive to holders based on the filing.

The reported acquisition at $9.70 per share and the statement that shares are fully vested when granted suggest this was an equity compensation award rather than a market purchase. The Form 4 lists total direct beneficial ownership of 2,386,882.437 shares after the award. There are no sales or option exercises disclosed, and no derivative positions reported. From a disclosure perspective, the filing furnishes the standard items investors track for insider activity.

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
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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^*

Cohn Andrew M.

(Last) (First) (Middle)

2801 EAST CAMELBACK ROAD, #450

(Street)

PHOENIX AZ 85016

(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)
08/20/2025

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	08/20/2025		A		735(1)	A	$9.7	2,386,882.437	D
Common Stock								42,150	I	By family relationship(2)

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 represent restricted stock awarded which are fully vested when granted.

2. The reporting person has shared voting and dispositive power of the shares owned by his children.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	08/22/2025
	** 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 insider transaction did GWRS director Andrew M. Cohn report on Form 4?

He reported acquiring 735 shares of GWRS common stock on 08/20/2025 at $9.70 per share.

Are the 735 shares reported by Andrew M. Cohn restricted or unrestricted?

The filing states the 735 shares are restricted stock awarded which are fully vested when granted.

How many GWRS shares does Andrew M. Cohn beneficially own after the reported transaction?

The Form 4 shows 2,386,882.437 shares beneficially owned directly after the transaction and 42,150 shares indirectly via family relationship.

Did the Form 4 disclose any derivative transactions or sales by Andrew M. Cohn?

No. The filing shows no derivative securities and lists only the acquisition of common stock.

When was the Form 4 signed and filed?

The signature block indicates the form was signed by an attorney-in-fact on 08/22/2025.