Global Water Resources insider grant: 3 RSUs to VP/Director Corwin adds to holdings

Rhea-AI Filing Summary

Jonathan C. Corwin, Vice President and Director of Global Water Resources, Inc. (GWRS), received a grant of 3 restricted stock units (RSUs) on 08/29/2025. Each RSU represents one share of the company’s common stock and the grant is fully vested and immediately exercisable. The RSUs have no set expiration date and were granted at a reported price of $0. Following the transaction Mr. Corwin beneficially owns 1,165 shares of GWRS common stock. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Positive

• RSUs are fully vested and immediately exercisable, giving the reporting person immediate economic ownership rights.
• Transaction increases disclosed beneficial ownership to 1,165 shares, as reported on the Form 4.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Small, fully vested RSU grant to an officer/director; routine insider reporting with immediate ownership increase.

The filing documents a minor equity grant of 3 restricted stock units to a named officer and director that are fully vested upon grant. Because the RSUs are immediately exercisable and have no expiration date, the reporting person gains immediate economic exposure to the company’s common stock. The transaction size is immaterial relative to the total beneficial ownership disclosed (1,165 shares) and to typical market-movement thresholds, so it is unlikely to have governance or market-significant implications on its own.

Securities Analyst

TL;DR: Routine insider equity award; negligible impact on share count or valuation.

The Form 4 reports an award of 3 RSUs with a $0 reported price, which is the common reporting convention for stock-unit grants rather than open-market purchases. The small quantity and the post-transaction beneficial ownership of 1,165 shares indicate this is a personal compensation or retention item rather than a signal of large-scale buying or selling. There are no derivative transactions or disposals disclosed in this filing.

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^*

Corwin Jonathan C.

(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)

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

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		3		(2)	(2)	Common Stock	3	$0	1,165	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 and immediately exercisable. The RSUs do not have a set expiration date.

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 Jonathan C. Corwin report on Form 4 for GWRS?

He reported a grant of 3 restricted stock units (RSUs) on 08/29/2025, each representing one share of GWRS common stock.

Are the RSUs in the GWRS Form 4 vested or restricted?

The RSUs are fully vested upon grant and are immediately exercisable according to the filing.

How many GWRS shares does the reporting person own after the transaction?

The Form 4 reports 1,165 shares beneficially owned by the reporting person following the transaction.

Did the Form 4 report any sales or disposals of GWRS stock?

No. The filing discloses an acquisition (grant) of RSUs and no disposals or derivative sales.

Was any cash price reported for the RSU grant in the GWRS Form 4?

The filing shows a reported price of $0, consistent with the reporting of RSU grants rather than cash purchases.