Global Water CFO awarded 27 restricted stock units

Global Water Resources, Inc. reported that CFO and Corporate Secretary Michael J. Liebman acquired 27 restricted stock units as a grant.

Rhea-AI Filing Summary

Global Water Resources, Inc. reported that CFO and Corporate Secretary Michael J. Liebman acquired 27 restricted stock units as a grant. Each RSU is the economic equivalent of one share of common stock and is fully vested and immediately exercisable with no expiration date. Following this award, he directly holds 9,947 RSUs.

Insider Trade Summary

Grant/Award: 27 shares

Grant/Award 1 txn

Insider Liebman Michael J

Role CFO and Corporate Secretary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	27	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 9,947 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
2. F2. The RSUs are fully vested upon grant and immediately exercisable. The RSUs do not have a set expiration date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Global Water Resources (GWRS) disclose for Michael J. Liebman?

Michael J. Liebman received a grant of 27 restricted stock units. These units are fully vested and immediately exercisable, increasing his directly held RSUs to 9,947, each economically equivalent to one share of Global Water Resources common stock.

What role does Michael J. Liebman hold at Global Water Resources (GWRS)?

Michael J. Liebman serves as CFO and Corporate Secretary of Global Water Resources, Inc. In this capacity, he received a grant of 27 restricted stock units, which are fully vested, immediately exercisable, and economically equivalent to common stock.

How many restricted stock units does Michael J. Liebman own after the latest GWRS grant?

After the latest grant, Michael J. Liebman directly holds 9,947 restricted stock units. The grant added 27 RSUs, each treated as the economic equivalent of one Global Water Resources common share and fully vested upon grant without an expiration date.

What are the key terms of the restricted stock units granted by GWRS?

Each restricted stock unit is the economic equivalent of one Global Water Resources common share. The units granted to Michael J. Liebman are fully vested upon grant, immediately exercisable, and do not have a set expiration date, providing ongoing potential conversion into shares.

Is the recent GWRS insider transaction a purchase or a grant of securities?

The transaction is a grant or award of securities, not an open-market purchase. Michael J. Liebman acquired 27 restricted stock units as compensation, fully vested and immediately exercisable, bringing his directly held RSUs to a total of 9,947 units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 06:57 PM EST Learn about SEC filing dates

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^*

Liebman Michael J

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #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)
	CFO and Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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)	02/27/2026		A		27		(2)	(2)	Common Stock	27	$0	9,947	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	03/03/2026
	** 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.