GWRS CEO Ronnie L. Fleming exercises RSUs, returns 4,446 shares to issuer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Global Water Resources, Inc. President and CEO Ronnie L. Fleming reported a mix of equity compensation and routine share movements. He received 122 restricted stock units (RSUs), each economically equivalent to one share of common stock. On the same date, he exercised 4,446 RSUs into 4,446 shares of common stock at no exercise price.

He then disposed of 4,446 common shares back to the issuer at $7.59 per share. Following these transactions, he directly holds 102,643 shares of common stock and 32,123 RSUs, which are fully vested or become exercisable at vesting and do not have a set expiration date.

Insider Trade Summary

4,446 shares exercised/converted

Mixed 4 txns

Insider Fleming Ronnie L

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	122	$0.00	--
Exercise	Restricted Stock Units	4,446	$0.00	--
Exercise	Common Stock	4,446	$0.00	--
Disposition	Common Stock	4,446	$7.59	$34K

Holdings After Transaction: Restricted Stock Units — 36,569 shares (Direct); Common Stock — 107,089 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

RSUs granted: 122 units RSUs exercised: 4,446 units Disposition price: $7.59 per share +2 more

5 metrics

RSUs granted 122 units Restricted Stock Units granted on March 31, 2026

RSUs exercised 4,446 units RSUs exercised into common stock on March 31, 2026

Disposition price $7.59 per share Price for 4,446 common shares disposed to issuer

Common shares held 102,643 shares Direct common stock holdings after transactions

RSUs held 32,123 units Total RSUs held after derivative transactions

Key Terms

Restricted Stock Units, Exercise or conversion of 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.

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"

fully vested upon grant financial

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

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 07:13 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^*

Fleming Ronnie L

(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)

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

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		4,446	A	$0⁽¹⁾	107,089	D
Common Stock	03/31/2026		D		4,446	D	$7.59	102,643	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		122		⁽²⁾	⁽²⁾	Common Stock	122	$0	36,569⁽³⁾	D
Restricted Stock Units	⁽¹⁾	03/31/2026		M			4,446	⁽⁴⁾	⁽⁴⁾	Common Stock	4,446	$0	32,123⁽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 CEO Ronnie L. Fleming report on March 31, 2026?

Ronnie L. Fleming reported a grant of 122 restricted stock units, the exercise of 4,446 RSUs into common stock, and the disposition of 4,446 common shares back to Global Water Resources, Inc. at $7.59 per share, all on March 31, 2026.

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

After the reported transactions, Ronnie L. Fleming directly holds 102,643 shares of Global Water Resources, Inc. common stock and 32,123 restricted stock units, reflecting his ongoing equity stake in the company through both outright share ownership and RSU-based compensation.

What type of equity compensation did the GWRS CEO receive in this filing?

Ronnie L. Fleming received 122 restricted stock units, each economically equivalent to one share of Global Water Resources, Inc. common stock. These RSUs are fully vested upon grant or become exercisable at vesting, and the company states they do not have a set expiration date.

Did the GWRS CEO conduct an open-market sale of shares in this Form 4?

No open-market sale was reported. Instead, Ronnie L. Fleming disposed of 4,446 shares of Global Water Resources, Inc. common stock to the issuer itself at $7.59 per share, classified as a disposition to the issuer rather than a market transaction.

What does the RSU exercise in the GWRS Form 4 mean for the CEO’s holdings?

Exercising 4,446 RSUs converted those units into 4,446 shares of Global Water Resources, Inc. common stock at a $0.00 exercise price. This shifted a portion of Ronnie L. Fleming’s compensation from derivative RSU form into directly held common shares before the shares were disposed to the issuer.