Global Water director buys 651K shares at $8.85

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) director Jonathan L. Levine reported purchasing 651,618 shares of Common Stock on August 20, 2026 at $8.85 per share through Levine Investments Limited Partnership, where he is general partner and disclaims beneficial ownership except for his pecuniary interest; that partnership now holds 12,777,908 shares. On August 19, 2026 he also received an award of 800 fully vested restricted shares directly, bringing his direct holdings to 5,426 shares, and a separate holding line reports 50,000 shares held indirectly by Levine Family Trust "A", where he serves as trustee.

Insider Trade Summary

Net Buyer: 651,618 shares

Net Buy 3 txns

Insider Levine Jonathan L

Role Director

Bought 651,618 shs ($5.77M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F2	651,618	$8.85	$5.77M
Grant/Award	Common Stock F1	800	$8.91	$7K
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 5,426 shares (Direct); Common Stock — 12,777,908 shares (Indirect, By Levine Investments Limited Partnership); Common Stock — 50,000 shares (Indirect, By Levine Family Trust "A")

Footnotes (3)

1. F1. Shares represent restricted stock awarded which are fully vested when granted.
2. F2. Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
3. F3. Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee.

Key Figures

Common shares purchased: 651,618 shares Purchase price per share: $8.85 per share Partnership holdings after purchase: 12,777,908 shares +4 more

7 metrics

Common shares purchased 651,618 shares Open-market or private purchase on August 20, 2026

Purchase price per share $8.85 per share Common Stock purchase on August 20, 2026

Partnership holdings after purchase 12,777,908 shares Indirectly held by Levine Investments Limited Partnership after August 20, 2026 transaction

Restricted stock award 800 shares Fully vested restricted stock granted on August 19, 2026

Direct holdings after award 5,426 shares Jonathan L. Levine’s direct ownership after August 19, 2026 award

Trust holdings 50,000 shares Indirectly held by Levine Family Trust "A" as reported

Net common shares bought 651,618 shares Net buy across reported non-derivative transactions

Key Terms

restricted stock, beneficial ownership, pecuniary interest, indirect ownership

4 terms

restricted stock financial

"Shares represent restricted stock awarded which are fully vested when granted"

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.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these securities except"

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.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By Levine Investments Limited Partnership"

FAQ

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

What insider transactions did GWRS director Jonathan L. Levine report in this Form 4?

He reported a purchase of 651,618 GWRS common shares at $8.85 per share on August 20, 2026 via a limited partnership, and an award of 800 fully vested restricted shares directly on August 19, 2026.

How many GWRS shares did the limited partnership hold after the August 20, 2026 purchase?

After the August 20, 2026 purchase, Levine Investments Limited Partnership held 12,777,908 shares of Global Water Resources, Inc. common stock, with Jonathan L. Levine serving as general partner and disclaiming beneficial ownership except for his pecuniary interest.

What are Jonathan L. Levine’s direct holdings of GWRS stock after these transactions?

Following the August 19, 2026 award of 800 fully vested restricted shares, Jonathan L. Levine directly holds 5,426 shares of Global Water Resources, Inc. common stock.

How many GWRS shares are reported as held by the Levine Family Trust "A"?

The filing reports a holding of 50,000 shares of Global Water Resources, Inc. common stock held indirectly by the Levine Family Trust "A", for which Jonathan L. Levine serves as a trustee.

Were the GWRS insider transactions made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not checked, and no footnote indicates a trading plan, so the reported Global Water Resources, Inc. transactions were not affirmed as being made under a Rule 10b5-1 plan.

What type of equity award did Jonathan L. Levine receive from GWRS?

He received 800 shares of restricted stock of Global Water Resources, Inc., described as restricted stock awarded which are fully vested when granted, increasing his direct holdings to 5,426 shares.

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

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Available on EDGAR 08/21/2026 - 07:27 PM EDT Accepted by SEC EDGAR 08/21/2026 - 07:27 PM EDT Learn about SEC filing dates

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^*

Levine Jonathan L

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #220

(Street)

PHOENIX ARIZONA 85027

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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

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

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

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	08/19/2026		A		800(1)	A	$8.91	5,426	D
Common Stock	08/20/2026		P		651,618	A	$8.85	12,777,908	I	By Levine Investments Limited Partnership(2)
Common Stock								50,000	I	By Levine Family Trust "A"(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. Shares represent restricted stock awarded which are fully vested when granted.

2. Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

3. Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	08/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)