Global Water Resources (GWRS) Director Receives 4 RSUs; Ownership Now 1,682 Shares

Rhea-AI Filing Summary

Andrew M. Cohn, a director of Global Water Resources, Inc. (GWRS), received 4 restricted stock units (RSUs) on 08/29/2025 that are fully vested upon grant and reported on Form 4. Each RSU equals one share of common stock and the reported grant increased Mr. Cohn's beneficial ownership to 1,682 shares as of the transaction. The RSUs carry a reported price of $0 at grant and, per the filing, may only be redeemed when the reporting person ceases to be a director, with redemption terms incorporated by reference to the company’s omnibus plans.

Positive

• Director received fully vested RSUs, showing immediate alignment with company equity without deferred vesting conditions listed in the grant
• Beneficial ownership increased to 1,682 shares, disclosed transparently on Form 4

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received a small, fully vested RSU grant that increases reported ownership modestly and is subject to company omnibus redemption terms.

The Form 4 documents a routine equity grant to a director: 4 RSUs granted and immediately vested on 08/29/2025, increasing reported beneficial ownership to 1,682 shares. The RSUs are economically equivalent to common shares and carry a $0 grant price in this filing, which is typical when awards are issued without cash consideration. Redemption is restricted until the director leaves service, with exact conditions referenced to the omnibus plans. This appears to be a standard director compensation disclosure rather than a material corporate governance event.

Securities Analyst

TL;DR: Transaction is minor in size and likely immaterial to GWRS valuation; it simply reports a small vested equity grant to a director.

The Form 4 shows a 4-RSU award (each RSU equals one common share) granted and vested on 08/29/2025, resulting in 1,682 shares beneficially owned by the reporting person. The filing lists the grant price as $0 and notes redemption conditions tied to cessation of directorship, as described in the company’s omnibus plans. Given the small quantity relative to typical public-company float, this disclosure is informational and does not indicate a material change in ownership or control.

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^*

Cohn Andrew M.

(Last) (First) (Middle)

2801 EAST CAMELBACK ROAD, #450

(Street)

PHOENIX AZ 85016

(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)
08/29/2025

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

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)	08/29/2025		A		4		(2)	(2)	Common Stock	4	$0	1,682	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. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed within the Omnibus plans incorporated by reference within our latest filed 10-K.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	09/02/2025
	** 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 did GWRS director Andrew M. Cohn report on Form 4?

The filing reports a grant of 4 restricted stock units (RSUs) on 08/29/2025, which are fully vested and increase his beneficial ownership to 1,682 shares.

Are the RSUs convertible to common stock for GWRS (ticker GWRS)?

Yes; the filing states each RSU is the economic equivalent of one share of GWRS common stock.

What price was reported for the RSU grant on the Form 4?

The Form 4 lists the reported price as $0 for the RSU grant.

When can the RSUs be redeemed according to the filing?

The RSUs are permitted to be redeemed only upon the reporting person ceasing to be a director, with redemption details in the company’s omnibus plans.

Who signed the Form 4 and when was it dated?

The form was signed by /s/ Suzette Prante, attorney-in-fact and dated 09/02/2025.