Global Water VP exercises and returns 133 shares

Global Water Resources Vice President Jonathan C. Corwin reported routine equity compensation activity involving restricted stock units (RSUs) and common stock.

Rhea-AI Filing Summary

Global Water Resources Vice President Jonathan C. Corwin reported routine equity compensation activity involving restricted stock units (RSUs) and common stock. On March 31, 2026, he received a grant of 3 RSUs, each economically equivalent to one share of common stock. He also exercised 133 RSUs, receiving 133 shares of common stock at an exercise price of $0.00 per share, then returned 133 common shares to the company in a disposition to the issuer at $7.59 per share. Following these transactions, he directly holds 12,529 shares of common stock and 674 RSUs, which are fully vested or exercisable as described in prior and current grants.

Insider Trade Summary

133 shares exercised/converted

Exercise 4 txns

Insider Corwin Jonathan C.

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3	$0.00	$0.00
Exercise	Restricted Stock Units	133	$0.00	$0.00
Exercise	Common Stock	133	$0.00	$0.00
Disposition	Common Stock	133	$7.59	$1K

Holdings After Transaction: Restricted Stock Units — 674 contracts (Direct); Common Stock — 12,529 shares (Direct)

Footnotes (4)

1. F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
2. F2. The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.
3. F3. The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.
4. F4. The RSUs are exercisable at time of vesting and do not have a set expiration date.

Key Figures

RSU grant: 3 RSUs RSUs exercised: 133 RSUs Exercise price: $0.00 per share +4 more

7 metrics

RSU grant 3 RSUs Grant on March 31, 2026

RSUs exercised 133 RSUs Exercised into common stock on March 31, 2026

Exercise price $0.00 per share RSU-to-common stock conversion

Shares disposed to issuer 133 shares Disposition to issuer at $7.59 per share

Disposition price $7.59 per share Common stock returned to issuer

Common shares held 12,529 shares Direct holdings after transactions

RSUs held 674 RSUs RSU balance after grant and exercise

Key Terms

Restricted Stock Units, derivative security, disposition to issuer, economic equivalent, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

economic equivalent financial

"Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock"

fully vested upon grant financial

"The RSUs are fully vested upon grant and immediately exercisable."

FAQ

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

What did GWRS Vice President Jonathan C. Corwin report in this Form 4?

He reported routine equity compensation activity, including a grant of 3 restricted stock units, the exercise of 133 RSUs into common stock, and the disposition of 133 common shares back to Global Water Resources, Inc. at $7.59 per share.

How many Global Water Resources (GWRS) shares does the vice president hold after these transactions?

After these transactions, Jonathan C. Corwin directly holds 12,529 shares of Global Water Resources common stock. This share count reflects his position following the exercise of 133 RSUs and the disposition of 133 shares back to the issuer on March 31, 2026.

What restricted stock unit (RSU) activity did GWRS report for its vice president?

He received a grant of 3 RSUs and exercised 133 existing RSUs. Each RSU represents the economic equivalent of one share of Global Water Resources common stock, and the RSUs involved in these transactions were fully vested or immediately exercisable under the company’s equity plans.

At what price were Global Water Resources (GWRS) shares disposed to the issuer?

133 shares of Global Water Resources common stock were disposed to the issuer at $7.59 per share. This transaction is coded as a disposition to the issuer and follows the exercise of 133 RSUs that converted into an equal number of common shares.

Does the GWRS vice president still hold restricted stock units after these Form 4 transactions?

Yes. After the reported RSU grant and exercise, Jonathan C. Corwin holds 674 restricted stock units. These RSUs represent the economic equivalent of 674 shares of Global Water Resources common stock and include prior grants with varying vesting and previously reported terms.

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

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Accepted by SEC EDGAR 04/02/2026 - 07:13 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^*

Corwin Jonathan C.

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #205

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		M		133	A	$0(1)	12,662	D
Common Stock	03/31/2026		D		133	D	$7.59	12,529	D

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)	03/31/2026		A		3		(2)	(2)	Common Stock	3	$0	807(3)	D
Restricted Stock Units	(1)	03/31/2026		M			133	(4)	(4)	Common Stock	133	$0	674(3)	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.

3. The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.

4. The RSUs are exercisable at time of vesting and do not have a set expiration date.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	04/02/2026
	** 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)