Global Water Resources Insider Purchase: 735 Restricted Shares Reported

Rhea-AI Filing Summary

Jonathan L. Levine, a director of Global Water Resources, Inc. (GWRS), reported a purchase of company common stock on 08/20/2025. The filing shows 735 shares of restricted common stock were acquired at a reported price of $9.70 per share; the filing states these restricted shares are fully vested when granted. After the reported transaction, the reporting person beneficially owns 11,399,925 shares indirectly through Levine Investments Limited Partnership and an additional 50,000 shares indirectly through the Levine Family Trust "A." The Form 4 was signed by an attorney-in-fact on 08/22/2025.

Positive

• Director purchased company stock (735 restricted shares acquired), signaling direct insider participation.
• Restricted shares are fully vested when granted, potentially aligning compensation with retention or board incentives.
• Large indirect holdings remain (11,399,925 shares via Levine Investments LP and 50,000 via Levine Family Trust "A").

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director acquired a small block of fully vested restricted shares; substantial indirect holdings remain via family entities.

The filing documents a routine equity grant/purchase of 735 restricted shares at $9.70 that are stated to be fully vested upon grant. The reporting person continues to hold large indirect positions through a limited partnership and a family trust, with 11,399,925 and 50,000 shares respectively. This pattern is consistent with a director who has concentrated indirect ownership rather than direct holdings. The filing is straightforward and procedural in nature.

Securities Analyst

TL;DR: Small acquisition disclosed; no new derivatives or dispositions reported and ownership structure remains indirect.

The Form 4 records only a non-derivative acquisition of 735 common shares at $9.70 each on 08/20/2025 and no derivative transactions. The reporting person disclaims direct beneficial ownership of partnership-held shares except to the extent of pecuniary interest. No changes to exercisable options, sales, or dispositions are reported, suggesting no immediate liquidity event disclosed in this filing.

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
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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^*

Levine Jonathan L

(Last) (First) (Middle)

C/O GLOBAL WATER RESOURCES, INC.

21410 N 19TH AVENUE #220

(Street)

PHOENIX AZ 85027

(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)
08/20/2025

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
Common Stock	08/20/2025		A		735(1)	A	$9.7	11,399,925	I	By Levine Investments Limited Partnership(2)
Common Stock								50,000	I	By Levine Family Trust "A"(3)

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.

2. Shares are held by a limited partnership for which the reporting person serves as general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

3. Shares are held by the Levine Family Trust "A" for which the reporting person serves as a trustee.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	08/22/2025
	** 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 Jonathan L. Levine report on Form 4?

The filing reports an acquisition of 735 restricted shares of Global Water Resources common stock on 08/20/2025 at a reported price of $9.70 per share.

How many GWRS shares does Jonathan L. Levine beneficially own after the transaction?

The filing shows 11,399,925 shares beneficially owned indirectly through Levine Investments Limited Partnership and 50,000 shares indirectly through the Levine Family Trust "A."

Are the 735 shares restricted or unrestricted?

The filing states these are restricted stock awarded which are fully vested when granted.

Were there any derivative transactions or dispositions reported?

No. Table II (derivative securities) shows no transactions, and the filing lists only the non-derivative acquisition of 735 shares.

Who signed the Form 4 and when?

The Form 4 was signed by Suzette Prante, attorney-in-fact on 08/22/2025.