Director at Global Water Resources (GWRS) awarded 1,480 fully vested shares

Rhea-AI Filing Summary

Rousseau David reported acquisition or exercise transactions in this Form 4 filing.

Global Water Resources, Inc. director David Rousseau received a grant of 1,480 shares of common stock as restricted stock that is fully vested on the grant date. The shares are valued for reporting purposes at $6.97 per share. Following this award, he directly holds 9,552 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rousseau David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,480	$6.97	$10K

Holdings After Transaction: Common Stock — 9,552 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock granted: 1,480 shares Grant value per share: $6.97 per share Shares held after grant: 9,552 shares +1 more

4 metrics

Restricted stock granted 1,480 shares Common Stock grant to director on reported transaction date

Grant value per share $6.97 per share Reported price for restricted stock award

Shares held after grant 9,552 shares Director’s direct holdings following the award

Transaction type Grant, award, or other acquisition Form 4 code A for non-derivative common stock

Key Terms

restricted stock, fully vested, Grant, award, or other acquisition

3 terms

restricted stock financial

"Shares represent restricted stock awarded which are fully vested when granted."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

fully vested financial

"restricted stock awarded which are fully vested when granted."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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^*

Rousseau David

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVE, SUITE #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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		A		1,480(1)	A	$6.97	9,552	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 stock awarded which are fully vested when granted.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	05/22/2026
	** 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)

FAQ

What insider transaction did Global Water Resources (GWRS) report for David Rousseau?

Global Water Resources reported that director David Rousseau received 1,480 shares of common stock as restricted stock. The filing classifies this as a grant or award acquisition, not an open-market purchase or sale, and it increases his directly held share count.

At what value were David Rousseau’s GWRS restricted shares reported?

The 1,480 restricted shares awarded to David Rousseau were reported at $6.97 per share. This price is used for disclosure in the Form 4 and reflects the value assigned to the grant on the transaction date described in the filing.

How many Global Water Resources shares does David Rousseau hold after this grant?

After receiving the 1,480-share restricted stock award, David Rousseau directly holds 9,552 shares of Global Water Resources common stock. This total reflects his direct ownership position as of the transaction date disclosed in the Form 4 filing with the SEC.

Is David Rousseau’s GWRS Form 4 transaction an open-market buy or compensation grant?

The Form 4 shows David Rousseau’s transaction as a compensation grant, not an open-market buy. The code “A” and description indicate a grant, award, or other acquisition, and the footnote clarifies these are restricted shares that are fully vested when granted.

What does it mean that GWRS restricted shares are fully vested when granted?

Fully vested when granted means David Rousseau’s 1,480 restricted shares are not subject to future vesting conditions. He owns them outright upon grant, rather than vesting over time, which is important for understanding when he gains full economic rights to the shares.