Global Water VP vests 1,666 shares at $8.92

Global Water Resources, Inc. (GWRS) reported that Vice President and Controller Kyle Upchurch had 1,666 restricted shares of common stock vest on September 3, 2026.

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) reported that Vice President and Controller Kyle Upchurch had 1,666 restricted shares of common stock vest on September 3, 2026. Of these, 371 shares were withheld to satisfy tax withholding obligations related to the vesting. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Upchurch Kyle

Role Vice President and Controller

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,666	$8.92	$15K
Tax Withholding	Common Stock F2	371	$8.92	$3K

Holdings After Transaction: Common Stock — 2,479 shares (Direct)

Footnotes (2)

1. F1. Shares represent restricted shares that vested on September 3, 2026.
2. F2. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 1,666 restricted shares.

Key Figures

Restricted shares vested: 1,666 shares Shares withheld for taxes: 371 shares Reference share price: $8.92 per share +2 more

5 metrics

Restricted shares vested 1,666 shares Restricted common shares vested for Kyle Upchurch on September 3, 2026

Shares withheld for taxes 371 shares Shares withheld to satisfy tax withholding obligation on vesting of 1,666 restricted shares

Reference share price $8.92 per share Price figure associated with both the vesting and tax-withholding entries

Transactions reported 2 transactions One grant/award acquisition and one tax-withholding disposition on September 3, 2026

Shares applied to tax liability 371 shares Code F transaction for payment of tax withholding obligation

Key Terms

restricted shares, tax withholding obligation, Rule 10b5-1, Form 4

4 terms

restricted shares financial

"Shares represent restricted shares that vested on September 3, 2026"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

tax withholding obligation financial

"Shares withheld to satisfy tax withholding obligation applicable to the vesting"

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Form 4 regulatory

"The Form 4 reports an A code transaction"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider equity award did GWRS officer Kyle Upchurch report?

Kyle Upchurch reported 1,666 restricted shares of Global Water Resources (GWRS) common stock that vested on September 3, 2026. This reflects the delivery of previously granted restricted stock as it met its vesting conditions.

How many GWRS shares were withheld for taxes in this Form 4?

The Form 4 states that 371 shares of Global Water Resources (GWRS) common stock were withheld to satisfy tax withholding obligations arising from the vesting of 1,666 restricted shares.

Was a Rule 10b5-1 trading plan involved in the GWRS Form 4 transactions?

No. The filing indicates the Rule 10b5-1 checkbox is not selected, meaning these transactions were not reported as made under a Rule 10b5-1 trading plan.

What transaction codes appear in Kyle Upchurch’s GWRS Form 4?

The Form 4 reports an A code transaction for the grant/award acquisition of 1,666 vested restricted shares and an F code transaction for the withholding of 371 shares to cover tax liabilities.

What was the reported value per share for the GWRS Form 4 transactions?

Both the vesting and tax-withholding transactions reference a price of $8.92 per share for Global Water Resources (GWRS) common stock in the Form 4 data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 06:22 PM Accepted by SEC EDGAR 09/08/2026 - 06:21 PM Learn about SEC filing dates

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^*

Upchurch Kyle

(Last) (First) (Middle)

21410 N 19TH AVE

SUITE 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)
	Vice President and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

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	09/03/2026		A		1,666(1)	A	$8.92	2,850	D
Common Stock	09/03/2026		F		371(2)	D	$8.92	2,479	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 shares that vested on September 3, 2026.

2. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 1,666 restricted shares.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	09/08/2026
	** 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)