[Form 4] Global Water Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) reported an insider grant of 6 restricted stock units (RSUs) to John Carroll Lenderking, the company's Senior Vice President, Water Resources, recorded with an 08/29/2025 transaction date. Each RSU is the economic equivalent of one share of common stock, the RSUs are fully vested upon grant and immediately exercisable, and they carry no set expiration date. After the grant Mr. Lenderking beneficially owns 2,364 shares of common stock directly. The disclosure was submitted via Form 4 and executed by an attorney-in-fact.

Positive

• RSUs are fully vested and immediately exercisable, giving the officer immediate alignment with shareholder outcomes
• Disclosure is timely and compliant via Form 4, showing governance transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A small, fully vested equity grant to a senior officer signals compensation alignment without material shareholder dilution.

The grant of 6 RSUs to a senior officer is routine and appears aimed at aligning executive incentives with shareholder interests. Because the RSUs vest immediately and are exercisable with no expiration, the recipient gains immediate economic exposure to company stock. However, the size—6 RSUs—is immaterial relative to total outstanding shares, suggesting no meaningful dilution or corporate governance shift. Disclosure via Form 4 follows required insider reporting practices.

Securities Analyst

TL;DR: The transaction is immaterial to GWRS financials or share count; it provides modest insider exposure to the stock.

From a market-impact perspective, a 6-RSU grant will not affect earnings, cash flow, or capital structure. The immediate vesting gives the officer direct downside and upside exposure, which may modestly increase alignment with shareholders but is too small to move valuation metrics. No derivative instruments, price paid, or expiration timeline introduce additional complexity.

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^*

Lenderking John Carroll

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N. 19TH AVENUE, 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Water Resources

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		6		(2)	(2)	Common Stock	6	$0	2,364	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 did GWRS insider John Carroll Lenderking receive?

He received 6 restricted stock units (RSUs), each equivalent to one share of common stock.

Are the RSUs vested or restricted for GWRS (ticker: GWRS)?

The RSUs are fully vested upon grant and immediately exercisable.

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

The reporting person beneficially owns 2,364 shares of common stock following the reported transaction.

Do the RSUs for GWRS have an expiration date or exercise price?

The RSUs have no set expiration date and the reported price is $0 (grant).

Was this Form 4 filed jointly or by one reporting person for GWRS?

The form was filed by one reporting person.