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

Rhea-AI Filing Summary

Global Water Resources, Inc. (GWRS) reporting person Debra Coy, a company director, received 6 restricted stock units (RSUs) on 08/29/2025. The RSUs are fully vested upon grant and are described as the economic equivalent of one share of common stock each.

Following the grant, the reporting person beneficially owns 287 shares of common stock. The RSUs carry a redemption restriction: they may only be redeemed if the reporting person ceases to be a director. The Form 4 was signed on 09/02/2025 by Suzette Prante as attorney-in-fact.

Positive

• RSUs are fully vested upon grant, providing immediate economic equivalence to six shares of common stock
• Disclosure is clear: transaction date (08/29/2025), number of RSUs (6), and resulting beneficial ownership (287 shares) are explicitly reported
• Form 4 filed and signed by attorney-in-fact (Suzette Prante) on 09/02/2025, meeting Section 16 reporting requirements

Negative

• Redemption restricted: the RSUs may only be redeemed upon the reporting person ceasing to be a director, limiting liquidity of the award

Insights

Corporate Governance Expert

TL;DR: Small, vested equity award to a director with a post-tenure redemption restriction; routine governance disclosure.

The Form 4 documents a routine director equity grant: 6 RSUs that are fully vested on grant and count as the economic equivalent of six common shares. The award increases the director's beneficial ownership to 287 shares and includes a redemption condition that limits access to the units until the director leaves the board. The disclosure and attorney-in-fact signature are standard for Section 16 reporting.

Securities Analyst

TL;DR: Minor insider grant with immediate vesting; immaterial to capital structure but required to be reported under Section 16.

The transaction is small in absolute terms—6 RSUs granted and recorded as having $0 price in the filing—and the RSUs are fully vested upon grant. The filing provides clear post-grant redemption terms referencing the company's omnibus plans. There is no pricing or cash consideration reported, and total beneficial ownership after the grant is explicitly stated as 287 shares.

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^*

COY DEBRA

(Last) (First) (Middle)

6600 PLANTATION RD

(Street)

FREDERICK MD 21701

(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		6		(2)	(2)	Common Stock	6	$0	287	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 Debra Coy receive on 08/29/2025?

She received 6 restricted stock units (RSUs), each representing the economic equivalent of one share of GWRS common stock.

How many GWRS shares does Debra Coy beneficially own after the reported transaction?

She beneficially owns 287 shares following the grant of 6 RSUs reported on the Form 4.

Are the RSUs vested or subject to vesting conditions?

The RSUs are fully vested upon grant, as stated in the Form 4 explanation of responses.

When can the RSUs be redeemed?

The RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director, per the filing and the company's omnibus plans.

Who signed the Form 4 and when was it signed?

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