Global Water CFO granted 49 restricted stock units

Global Water Resources’ CFO received a new equity award of restricted stock units, modestly increasing his direct RSU holdings.

Rhea-AI Filing Summary

Global Water Resources, Inc. (symbol: GWRS) is the issuer of record for a Form 4 filing submitted to the SEC. Liebman Michael J reported acquisition or exercise transactions in this Form 4 filing.

Global Water Resources, Inc. (GWRS) reported that its CFO and Corporate Secretary, Michael J. Liebman, received a grant of 49 Restricted Stock Units on August 31, 2026. Each unit is the economic equivalent of one share of common stock and becomes exercisable at the time of vesting with no set expiration date. Following this award, he holds 17,957 Restricted Stock Units directly. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 49 shares

Grant/Award 1 txn

Insider Liebman Michael J

Role CFO and Corporate Secretary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	49	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 17,957 contracts (Direct)

Footnotes (2)

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.

Key Figures

Restricted Stock Units granted: 49 units Price per Restricted Stock Unit: $0.00 per unit Restricted Stock Units held after award: 17,957 units +2 more

5 metrics

Restricted Stock Units granted 49 units Equity award to CFO and Corporate Secretary on August 31, 2026

Price per Restricted Stock Unit $0.00 per unit Reported grant price for the 49-unit RSU award

Restricted Stock Units held after award 17,957 units Direct RSU holdings of CFO and Corporate Secretary following the transaction

Underlying common stock per RSU 1 share per unit Each Restricted Stock Unit is the economic equivalent of one share of common stock

Rule 10b5-1 plan status No Rule 10b5-1 plan reported Plan status for the August 31, 2026 RSU grant

Key Terms

Restricted Stock Units, economic equivalent, vesting

3 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

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

vesting financial

"The RSUs are exercisable at time of vesting and do not have a set expiration date"

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.

FAQ

What insider transaction did GWRS report for its CFO on August 31, 2026?

Global Water Resources reported that CFO Michael J. Liebman received a grant of 49 Restricted Stock Units on August 31, 2026, as an equity award. The grant increased his direct holdings of restricted stock units tied to the company’s common stock.

How many Restricted Stock Units does the GWRS CFO hold after this Form 4 transaction?

After the reported award, Global Water Resources’ CFO Michael J. Liebman holds 17,957 Restricted Stock Units directly. Each unit represents the economic equivalent of one share of the company’s common stock, subject to vesting conditions.

What is the price per unit for the GWRS CFO’s new RSU award?

The 49 Restricted Stock Units granted to the Global Water Resources CFO carry a reported price of $0.00 per unit, consistent with a compensation-related equity award rather than an open-market purchase.

What does each GWRS Restricted Stock Unit represent for the CFO’s award?

Each Restricted Stock Unit in the CFO’s award is described as the economic equivalent of one share of common stock of Global Water Resources, Inc., meaning the units track the value of the company’s common stock once they vest.

Do the GWRS CFO’s Restricted Stock Units have an expiration date?

The filing states that the CFO’s Restricted Stock Units are exercisable at the time of vesting and do not have a set expiration date, so they become deliverable when they vest and are not subject to a fixed expiry.

Was the GWRS CFO’s RSU transaction made under a Rule 10b5-1 trading plan?

The Form 4 indicates that no Rule 10b5-1 trading plan is reported for this transaction. The grant is described as a compensation-related award of Restricted Stock Units, not as trading activity under a pre-arranged plan.

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

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Available on EDGAR 09/02/2026 - 04:00 PM Accepted by SEC EDGAR 09/02/2026 - 03:59 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^*

Liebman Michael J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Corporate Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

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

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)	08/31/2026		A		49		(2)	(2)	Common Stock	49	$0	17,957	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.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	09/02/2026
	** 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)