Global Water Resources CEO returns 4,501 shares

The President and CEO's reported sequence includes an RSU award, conversion into common shares, and a same-day return of those shares to the issuer.

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) reported that President and CEO Ronnie L. Fleming received 89 restricted stock units on September 30, 2026. On the same date, he converted 4,501 restricted stock units into 4,501 common shares and returned 4,501 common shares to the issuer at $7.95 per share.

Insider Trade Summary

4,501 shares exercised/converted

Exercise 4 txns

Insider Fleming Ronnie L

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3	89	$0.00	$0.00
Exercise	Restricted Stock Units F1, F2, F3	4,501	$0.00	$0.00
Exercise	Common Stock F1	4,501	$0.00	$0.00
Disposition	Common Stock	4,501	$7.95	$36K

Holdings After Transaction: Restricted Stock Units — 23,651 contracts (Direct); Common Stock — 108,987 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
2. F2. The RSUs are exercisable at time of vesting and do not have a set expiration date.
3. F3. The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person.

Key Figures

Restricted stock units awarded: 89 restricted stock units Restricted stock units converted: 4,501 restricted stock units Common shares acquired upon conversion: 4,501 common shares +2 more

5 metrics

Restricted stock units awarded 89 restricted stock units Ronnie L. Fleming; September 30, 2026

Restricted stock units converted 4,501 restricted stock units September 30, 2026

Common shares acquired upon conversion 4,501 common shares September 30, 2026

Common shares returned to issuer 4,501 common shares September 30, 2026

Price per share $7.95 per share Common shares returned to issuer on September 30, 2026

Key Terms

restricted stock unit, vesting, economic equivalent

3 terms

restricted stock unit financial

"Each restricted stock unit ("RSU") is the economic equivalent of one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

vesting financial

"The RSUs are exercisable at time of vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

economic equivalent financial

"Each restricted stock unit ("RSU") is the economic equivalent"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did GWRS President and CEO Ronnie L. Fleming report?

On September 30, 2026, Fleming received 89 restricted stock units, converted 4,501 restricted stock units into 4,501 common shares, and returned 4,501 common shares to the issuer at $7.95 per share.

What did GWRS's restricted stock units represent?

Each restricted stock unit was the economic equivalent of one share of common stock. The RSUs were exercisable at time of vesting and did not have a set expiration date.

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

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Available on EDGAR 10/02/2026 - 07:09 PM Accepted by SEC EDGAR 10/02/2026 - 07:09 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^*

Fleming Ronnie L

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #205

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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	09/30/2026		M		4,501	A	$0(1)	113,488	D
Common Stock	09/30/2026		D		4,501	D	$7.95	108,987	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)	09/30/2026		A		89		(2)	(2)	Common Stock	89	$0	28,152(3)	D
Restricted Stock Units	(1)	09/30/2026		M			4,501	(2)	(2)	Common Stock	4,501	$0	23,651(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 exercisable at time of vesting and 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.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)