Global Water Resources director acquires 1,064 shares at $9.70

Rhea-AI Filing Summary

David Rousseau, a director of Global Water Resources, Inc. (GWRS), acquired 1,064 shares of the company's common stock on 08/20/2025 at a reported price of $9.70 per share. After the transaction, Mr. Rousseau beneficially owned 5,508 shares. The filing states these shares are restricted stock that are fully vested when granted.

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/22/2025. The disclosure is a routine insider purchase by a director and does not include derivative transactions or other changes in ownership classes.

Positive

• Director purchase disclosed: David Rousseau acquired 1,064 shares at $9.70, showing insider activity
• Shares fully vested when granted: The filing states the restricted stock is fully vested at grant

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director purchased a modest number of fully vested restricted shares, routine governance disclosure with limited material impact.

The Form 4 shows a small equity purchase by an independent director, disclosed under Section 16. The shares are restricted but fully vested at grant, which implies no ongoing vesting conditions reported here. As a governance signal, insider buying can indicate confidence, but the size (1,064 shares) and post-transaction holding (5,508 shares) are modest and likely immaterial to control or board alignment.

Securities Analyst

TL;DR: Transaction is a straightforward acquisition of common stock at $9.70; no derivatives or large shifts in ownership reported.

Details are limited to a single non-derivative acquisition. The absence of additional transactions, dispositions, or option exercises reduces the filing's market-significance. For investors, notable facts are the price paid and the fully vested nature of the restricted shares; there is no evidence here of material dilution, debt-equity changes, or sizeable insider accumulation.

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^*

Rousseau David

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVE, SUITE #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)
08/20/2025

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		1,064(1)	A	$9.7	5,508	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

Explanation of Responses:

1. Shares represent restricted stock awarded which are fully vested when granted.

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 transaction did GWRS director David Rousseau report on Form 4?

The Form 4 reports that David Rousseau acquired 1,064 shares of Global Water Resources common stock on 08/20/2025 at $9.70 per share.

How many GWRS shares does David Rousseau beneficially own after the reported transaction?

Following the transaction, Mr. Rousseau beneficially owned 5,508 shares of GWRS common stock.

Were the shares reported on the GWRS Form 4 vested or subject to vesting?

The filing explains the shares represent restricted stock that are fully vested when granted.

Did the GWRS Form 4 disclose any derivative transactions or dispositions?

No. The filing lists only a non-derivative acquisition of common stock and does not report derivative transactions or dispositions.

Who signed the GWRS Form 4 and when was it signed?

The Form 4 was signed by Suzette Prante, attorney-in-fact on 08/22/2025.