Global Water Resources insider award: 1,370 vested shares; 703 withheld

Rhea-AI Filing Summary

Alexander Richard M, a director of Global Water Resources, Inc. (GWRS), reported transactions on 08/20/2025 related to the company’s common stock. He was awarded 1,370 restricted shares that are described as fully vested when granted, recorded at a transaction price of $9.70 per share, which increased his beneficial ownership to 47,582 shares. Separately, 703 shares were withheld to satisfy tax withholding obligations tied to the vesting and board cash compensation, leaving reported beneficial ownership of 46,879 shares after the withholding. The Form 4 was signed by an attorney-in-fact, Suzette Prante, on 08/22/2025.

Positive

• 1,370 restricted shares were awarded and are described as fully vested when granted
• Director maintains meaningful ownership with reported beneficial ownership of 47,582 shares prior to withholding

Negative

• 703 shares were withheld to satisfy tax obligations, reducing reported holdings to 46,879
• No cash purchase activity reported, so the filing does not reflect additional insider investment

Insights

Financial Analyst

TL;DR: Routine insider award and tax withholding with no new cash purchase or sale; modest change in share count.

The filing discloses a grant of 1,370 restricted shares that vested immediately and a concurrent withholding of 703 shares to satisfy tax obligations, both at a recorded price of $9.70 per share. This is a standard director compensation event rather than an open-market trade, resulting in reported beneficial ownership moving between 47,582 and 46,879 shares. There is no indication of additional derivative activity or cash proceeds reported in this Form 4.

Corporate Governance Expert

TL;DR: Typical equity-based director compensation; documentation and signature comply with Form 4 requirements.

The disclosure identifies the reporting person as a director and shows restricted stock awarded and shares withheld for taxes, a common practice for board compensation. The form indicates the awards were fully vested upon grant per the explanatory note. The signature by an attorney-in-fact is provided with a date, satisfying execution formalities. No governance concerns or departures are evident from the disclosed items alone.

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^*

Alexander Richard M

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		A		1,370(1)	A	$9.7	47,582	D
Common Stock	08/20/2025		F		703(2)	D	$9.7	46,879	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:

1. Shares represent restricted stock awarded which are fully vested when granted.

2. Shares withheld to satisfy tax withholding obligations applicable to the vesting of 1,370 restricted stock shares and cash compensation for board services.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	08/22/2025
	** 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

What transactions did GWRS director Alexander Richard M report on Form 4?

He reported an award of 1,370 restricted shares (fully vested at grant) and the withholding of 703 shares for taxes, both dated 08/20/2025.

How did the reported transactions affect Alexander Richard M’s beneficial ownership of GWRS?

Beneficial ownership is reported as 47,582 shares after the award and 46,879 shares after 703 shares were withheld for taxes.

At what price were the shares reported on the Form 4 for GWRS?

The Form 4 shows a transaction price of $9.70 per share for the reported share award and withholding.

When was the Form 4 signed and by whom?

The Form 4 was signed by attorney-in-fact Suzette Prante on 08/22/2025.

Does the Form 4 show any option exercises or derivative transactions for GWRS?

No; Table II (derivative securities) contains no reported option, warrant, or convertible security transactions in this filing.