Global Water Resources insider updates holdings after RSU withholdings

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) – Form 4 filing: Chief Operating Officer Christopher D. Krygier reported three previously unreported share dispositions that occurred on 6/28/24, 9/30/24 and 12/30/24.

• Dispositions: 870 shares at $12.09, 863 shares at $12.59, and 860 shares at $11.50, totaling 2,593 common shares surrendered to the issuer for cash-settlement of vested RSUs.
• Holdings after transactions: 28,769 shares held directly and 5,095.844 shares held indirectly through The CKTJ Living Trust.
• Purpose: Transactions represent share withholding for tax/cash settlement of previously vested restricted stock units; no open-market selling occurred.
• Late reporting: Filing notes the dispositions were “inadvertently” omitted and are now being reported; signature date 6/20/2025.

Given the small size of the dispositions relative to Krygier’s remaining ownership and GWRS’s total float, the filing is routine and is unlikely to have a material impact on the company’s valuation or trading dynamics.

Insights

Financial Analyst

TL;DR: Small insider tax-related share withholding; immaterial to GWRS value.

The total of 2,593 shares surrendered equals roughly 0.03% of GWRS’s 8.4 million share float, a negligible level. Because the stock was transferred back to the company rather than sold in the market, there is no incremental selling pressure. Krygier retains a sizable direct stake (≈28.8 k shares) and an indirect trust position. The delayed filing indicates internal reporting oversight but no financial consequence. Overall, the transaction does not alter earnings, cash flow, or strategic outlook and therefore is neutral for investors.

Corporate Governance Expert

TL;DR: Late Form 4 filing reflects minor compliance lapse; governance risk low.

The company’s acknowledgment of an "inadvertent" omission signals adequate remediation. While repeated late filings could raise red flags, a single delayed report of routine RSU settlements is generally viewed as low-risk. The COO continues to hold equity, maintaining alignment with shareholders. From a governance standpoint, this event is neutral unless a pattern emerges.

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^*

Krygier Christopher D

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2024

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	06/28/2024		D		870(1)	D	$12.09	30,492(1)	D
Common Stock	09/30/2024		D		863(1)	D	$12.59	29,629(1)	D
Common Stock	12/30/2024		D		860(1)	D	$11.5	28,769(1)	D
Common Stock								5,095.844	I	By self as Trustee for The CKTJ Living Trust

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. This Form 4 is being filed to report the dispositions of common stock to the issuer in connection with the cash-settlement of previously reported vesting of restricted share units ("RSUs") on each of June 28, 2024, September 30, 2024, and December 30, 2024, which the reporting person inadvertently failed to report on Form 4. The number of shares of common stock reported in Table I, Column 5 is the number of shares beneficially owned as of the date of this filing and takes into account transactions reported on Form 4 since the date of the transactions reported herein.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	06/20/2025
	** 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

How many Global Water Resources (GWRS) shares did COO Christopher Krygier dispose of?

He surrendered a total of 2,593 common shares (870 + 863 + 860) back to the issuer.

Were the GWRS insider transactions open-market sales?

No. The shares were cash-settled for RSU vesting and delivered to the issuer, not sold on the open market.

What is Krygier’s remaining GWRS ownership after these transactions?

He now holds 28,769 shares directly and 5,095.844 shares indirectly via a trust.

Why was the Form 4 filed on 6/20/2025 for 2024 transactions?

The filing states the prior dispositions were inadvertently omitted; the Form 4 corrects this oversight.

Does this Form 4 signal bearish sentiment from GWRS management?

Unlikely. The dispositions were for tax settlement of RSUs and do not constitute discretionary selling.