Global Water Resources (GWRS) CFO buys 7,000 shares in open market

Rhea-AI Filing Summary

Global Water Resources, Inc. CFO and Corporate Secretary Michael J. Liebman reported open‑market purchases totaling 7,000 shares of Common Stock on May 20, 2026, executed through a Spouse IRA at prices between $6.855 and $6.90 per share. After these transactions, he holds 89,065 shares directly, alongside the indirect IRA position.

Insights

Equity analyst

CFO reported routine open‑market purchases totaling 7,000 shares via a Spouse IRA.

CFO Michael J. Liebman reported three open‑market purchases of Global Water Resources Common Stock on May 20, 2026, totaling 7,000 shares. Trade prices ranged from $6.855 to $6.90 per share, and the transactions were made indirectly through a Spouse IRA.

Form 4 data shows these are net‑buy transactions, with no corresponding sales, gifts, or option exercises. Liebman’s direct holdings stand at 89,065 shares following the filing, so the new 7,000‑share indirect purchase is modest relative to his existing direct position.

The filing lists no remaining derivative positions, suggesting this update relates solely to common stock ownership rather than options or other derivatives. Subsequent company filings may provide additional context if ownership changes further.

Insider Trade Summary

Net Buyer: 7,000 shares ($48,261)

Net Buy 4 txns

Insider Liebman Michael J

Role CFO and Corporate Secretary

Bought 7,000 shs ($48K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	800	$6.89	$6K
Purchase	Common Stock	5,500	$6.90	$38K
Purchase	Common Stock	700	$6.855	$5K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 800 shares (Indirect, Spouse IRA); Common Stock — 89,065 shares (Direct, null)

Footnotes (1)

Key Figures

Total shares purchased: 7,000 shares Purchase lot 1: 700 shares at $6.855 Purchase lot 2: 5,500 shares at $6.90 +2 more

5 metrics

Total shares purchased 7,000 shares Open‑market Common Stock buys on May 20, 2026

Purchase lot 1 700 shares at $6.855 Indirect Spouse IRA transaction on May 20, 2026

Purchase lot 2 5,500 shares at $6.90 Indirect Spouse IRA transaction on May 20, 2026

Purchase lot 3 800 shares at $6.89 Indirect Spouse IRA transaction on May 20, 2026

Direct holdings after filing 89,065 shares Common Stock directly owned following reported transactions

Key Terms

open-market purchase, Spouse IRA, indirect ownership, Common Stock

4 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Spouse IRA financial

"nature_of_ownership: Spouse IRA"

indirect ownership financial

"ownership_type: indirect"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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 #220

(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)
	CFO and Corporate Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		P		800	A	$6.89	800	I	Spouse IRA
Common Stock	05/20/2026		P		5,500	A	$6.9	6,300	I	Spouse IRA
Common Stock	05/20/2026		P		700	A	$6.855	7,000	I	Spouse IRA
Common Stock								89,065	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Suzette Prante, attorney-in-fact	05/22/2026
	** 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)

FAQ

What did Global Water Resources (GWRS) disclose in this Form 4?

Global Water Resources reported that CFO Michael J. Liebman made open‑market purchases of 7,000 shares of Common Stock on May 20, 2026. The trades occurred through a Spouse IRA at prices around $6.86–$6.90 per share, increasing his indirect ownership stake.

How many Global Water Resources (GWRS) shares did the CFO buy?

The CFO reported buying a total of 7,000 Global Water Resources Common shares on May 20, 2026. These consisted of three separate open‑market purchases executed through a Spouse IRA, according to the Form 4 transaction summary data posted for that date.

At what prices were the GWRS shares purchased in the Form 4 filing?

The reported purchases were executed at prices of $6.855, $6.89, and $6.90 per share. Each price corresponds to a separate open‑market transaction on May 20, 2026, totaling 7,000 Global Water Resources Common shares through the Spouse IRA account.

What are Michael J. Liebman’s reported Global Water Resources holdings after these trades?

After these transactions, the filing shows Michael J. Liebman directly owns 89,065 Global Water Resources Common shares. In addition, the Form 4 records an indirect position through a Spouse IRA, which reflects the 7,000 shares purchased in the reported open‑market transactions.

Were any Global Water Resources (GWRS) shares sold or gifted in this Form 4?

No sales or gifts were reported in this Form 4. The transaction summary shows three buy transactions totaling 7,000 shares, with zero sales, gifts, tax withholdings, or derivative exercises disclosed for Global Water Resources Common Stock on the reported date.

Is the CFO’s GWRS purchase considered a direct or indirect holding?

The 7,000 shares purchased are classified as indirect ownership held in a Spouse IRA. Separately, the Form 4 shows Michael J. Liebman with 89,065 Global Water Resources Common shares held directly, giving investors visibility into both his direct and indirect positions.