Global Water Resources (GWRS) insider RSU grant, exercise and share sale

Rhea-AI Filing Summary

Global Water Resources, Inc. reported insider equity activity by its President, CEO, and Director. On 12/30/2025, the executive received 57 restricted stock units (RSUs), each equal to one share of common stock, which were fully vested and immediately exercisable. On 12/31/2025, 3,756 RSUs were exercised into the same number of common shares at a price of $0, and those 3,756 common shares were then sold at $8.45 per share. After these transactions, the executive directly beneficially owned 102,643 shares of common stock and 15,456 RSUs, which reflect previous grants with varying vesting and expiration terms.

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

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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^*

Fleming Ronnie L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

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
Common Stock	12/31/2025		M		3,756	A	$0(1)	106,399	D
Common Stock	12/31/2025		D		3,756	D	$8.45	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	12/30/2025		A		57		(2)	(2)	Common Stock	57	$0	19,212(3)	D
Restricted Stock Units	(1)	12/31/2025		M			3,756	(4)	(4)	Common Stock	3,756	$0	15,456(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	01/02/2026
	** 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.

FAQ

What insider transactions did GWRS report for its President and CEO?

The President, CEO, and Director of Global Water Resources, Inc. (GWRS) reported a grant of 57 RSUs on 12/30/2025, the exercise of 3,756 RSUs into common stock at $0 on 12/31/2025, and a same-day sale of 3,756 common shares at $8.45 per share.

How many GWRS shares did the insider sell in this Form 4 filing?

The insider sold 3,756 shares of Global Water Resources common stock on 12/31/2025 at a price of $8.45 per share.

What RSU activity did Global Water Resources (GWRS) disclose for the insider?

The filing shows a grant of 57 RSUs on 12/30/2025, each equal to one share of common stock. It also reports the exercise of 3,756 RSUs into common stock on 12/31/2025 at an exercise price of $0.

How many Global Water Resources shares does the insider own after these transactions?

Following the reported transactions, the insider directly beneficially owned 102,643 shares of Global Water Resources common stock.

How many RSUs does the GWRS insider hold after the reported Form 4 transactions?

After the RSU grant and subsequent exercise, the insider beneficially owned 15,456 RSUs, which include prior grants with different vesting and expiration terms.

Are the Global Water Resources RSUs subject to vesting or expiration conditions?

The filing states that the 57 RSUs granted on 12/30/2025 were fully vested upon grant and immediately exercisable, and that the RSUs reported do not have a set expiration date.