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  4. [Form 4] Global Water Resources, Inc. Insider Trading Activity

Entity tied to Global Water (NASDAQ: GWRS) receives vested stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Levine Jonathan L reported acquisition or exercise transactions in this Form 4 filing.

Global Water Resources, Inc. reported an insider equity award connected to director Jonathan L. Levine. An entity associated with him, Levine Investments Limited Partnership, received a grant of 1,023 shares of restricted common stock at $6.97 per share, which the footnotes state are fully vested when granted. After this award, the partnership holds 12,130,916 shares of Global Water Resources common stock. Separately, 50,000 shares are held indirectly through the Levine Family Trust "A", for which Levine serves as trustee.

Positive

  • None.

Negative

  • None.
Insider Levine Jonathan L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,023 $6.97 $7K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 12,130,916 shares (Indirect, By Levine Investments Limited Partnership)
Footnotes (1)
  1. Shares represent restricted stock awarded which are fully vested when granted. Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee.
Restricted shares granted 1,023 shares Restricted stock award to Levine Investments Limited Partnership
Grant price $6.97 per share Price per share for the 1,023-share restricted stock grant
Partnership holdings after grant 12,130,916 shares Global Water common stock held by Levine Investments Limited Partnership after award
Trust holdings 50,000 shares Global Water common stock held by Levine Family Trust "A"
restricted stock financial
"Shares represent restricted stock awarded which are fully vested when granted."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Levine Investments Limited Partnership financial
"Shares are held by a limited partnership for which the reporting person serves as general partner."
Levine Family Trust "A" financial
"Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee."
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
grant/award acquisition financial
"transaction_action: grant/award acquisition"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Levine Jonathan L
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/20/2026A1,023(1)A$6.9712,130,916IBy Levine Investments Limited Partnership(2)
Common Stock50,000IBy Levine Family Trust "A"(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares represent restricted stock awarded which are fully vested when granted.
2. Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
3. Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee.
Remarks:
/s/ Suzette Prante, attorney-in-fact05/22/2026
** Signature of Reporting PersonDate
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 transaction did Global Water Resources (GWRS) disclose for Jonathan L. Levine?

Global Water Resources disclosed that an entity associated with director Jonathan L. Levine received 1,023 shares of restricted common stock as a fully vested award. The shares were acquired indirectly through Levine Investments Limited Partnership, where he serves as general partner.

How many Global Water Resources (GWRS) shares were granted and at what price?

The filing shows a grant of 1,023 shares of Global Water Resources common stock at $6.97 per share. Footnotes state these are restricted shares that are fully vested on the grant date, making them immediately owned by the receiving partnership entity.

What are the total Global Water Resources (GWRS) shares held by Levine Investments Limited Partnership after this grant?

After the grant, Levine Investments Limited Partnership holds 12,130,916 shares of Global Water Resources common stock. Jonathan L. Levine is the general partner of this limited partnership and disclaims beneficial ownership except to the extent of his pecuniary interest.

How are Jonathan L. Levine’s Global Water Resources (GWRS) holdings structured?

Holdings are indirect through entities. Levine Investments Limited Partnership holds 12,130,916 shares, and Levine Family Trust "A" holds 50,000 shares. Levine is general partner of the partnership and trustee of the trust, with beneficial ownership limited to his pecuniary interest.

What does “restricted stock fully vested when granted” mean in the GWRS filing?

It means the 1,023 restricted shares awarded are subject to the restricted stock designation but have no vesting schedule; they are fully vested immediately at grant. The recipient entity can treat them as fully owned shares without waiting for future vesting dates.

Are the Global Water Resources (GWRS) shares in this Form 4 held directly by Jonathan L. Levine?

No, the shares are held indirectly through Levine Investments Limited Partnership and Levine Family Trust "A". The filing notes Levine’s roles in these entities and that he disclaims beneficial ownership beyond his economic, or pecuniary, interest in their holdings.