Global Water (GWRS) SVP exercises RSUs and returns 275 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Global Water Resources, Inc. senior vice president of water resources John Carroll Lenderking reported routine equity compensation activity. He received a grant of 5 restricted stock units, exercised 275 RSUs into 275 shares of common stock, and returned 275 shares to the company at $7.59 per share. After these transactions, he directly holds 7,379 shares of common stock and 1,347 RSUs.

Insider Trade Summary

275 shares exercised/converted

Mixed 4 txns

Insider Lenderking John Carroll

Role SVP, Water Resources

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5	$0.00	--
Exercise	Restricted Stock Units	275	$0.00	--
Exercise	Common Stock	275	$0.00	--
Disposition	Common Stock	275	$7.59	$2K

Holdings After Transaction: Restricted Stock Units — 1,622 shares (Direct); Common Stock — 7,654 shares (Direct)

Footnotes (1)

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

Key Figures

RSU grant: 5 RSUs RSUs exercised: 275 RSUs Shares returned to issuer: 275 shares at $7.59 +2 more

5 metrics

RSU grant 5 RSUs Granted March 31, 2026; each equals one common share

RSUs exercised 275 RSUs Exercised March 31, 2026 into 275 common shares

Shares returned to issuer 275 shares at $7.59 Disposition to issuer on March 31, 2026

Common shares held 7,379 shares Direct ownership after transactions

RSUs held 1,347 RSUs Direct RSU holdings after transactions

Key Terms

Restricted Stock Units, Exercise or conversion of derivative security, Disposition to issuer, economic equivalent

4 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.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

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"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 07:12 PM

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^*

Lenderking John Carroll

(Last)

(First)

(Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N. 19TH AVENUE, SUITE 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)
	SVP, Water Resources

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		M		275	A	$0⁽¹⁾	7,654	D
Common Stock	03/31/2026		D		275	D	$7.59	7,379	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/31/2026		A		5		⁽²⁾	⁽²⁾	Common Stock	5	$0	1,622⁽³⁾	D
Restricted Stock Units	⁽¹⁾	03/31/2026		M			275	⁽⁴⁾	⁽⁴⁾	Common Stock	275	$0	1,347⁽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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did GWRS executive John Carroll Lenderking report?

John Carroll Lenderking reported routine equity compensation transactions, including a grant of 5 restricted stock units, exercising 275 RSUs into 275 common shares, and returning 275 common shares to Global Water Resources, Inc. at $7.59 per share.

How many Global Water Resources (GWRS) shares does the SVP hold after this Form 4?

After the reported transactions, John Carroll Lenderking directly holds 7,379 shares of Global Water Resources, Inc. common stock and 1,347 restricted stock units, according to the Form 4 filing covering his March 31, 2026 equity compensation activity.

What type of equity award did the GWRS SVP receive on March 31, 2026?

On March 31, 2026, John Carroll Lenderking received a grant of 5 restricted stock units, each economically equivalent to one share of Global Water Resources, Inc. common stock, with the units fully vested upon grant and immediately exercisable according to the filing footnotes.

Did the GWRS executive sell any shares on the open market in this Form 4?

The filing shows a disposition of 275 common shares coded as a disposition to the issuer at $7.59 per share, rather than an open-market sale, indicating the shares were returned directly to Global Water Resources, Inc., not sold through public trading.

What do the RSU terms mean for GWRS SVP John Carroll Lenderking?

The restricted stock units are fully vested upon grant or at vesting and immediately exercisable, with each RSU equal to one GWRS common share and no set expiration date, providing ongoing flexibility in when they can be converted into common stock.