What price per share was used for Ronnie L. Fleming’s GWRS tax-withheld shares?

The tax-withheld 3,656 Global Water Resources shares were valued at $7.07 per share. This price is used solely for calculating the tax-withholding obligation associated with the vesting of 10,000 restricted shares and does not indicate an open-market trade price.

Global Water Resources (GWRS) CEO granted 10,000 shares, with 3,656 withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Global Water Resources, Inc. reported that President and CEO Ronnie L. Fleming received a grant of 10,000 shares of common stock as restricted shares that vested on May 8, 2026. To cover related tax obligations, 3,656 shares were withheld at a value of $7.07 per share, a non-market tax-withholding disposition. After these compensation-related entries, Fleming directly owns 112,643 shares of Global Water Resources common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fleming Ronnie L

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,000	$7.07	$71K
Tax Withholding	Common Stock	3,656	$7.07	$26K

Holdings After Transaction: Common Stock — 112,643 shares (Direct, null)

Footnotes (1)

Shares represent restricted shares that vested on May 8, 2026. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 10,000 restricted shares.

Key Figures

Restricted shares vested: 10,000 shares Shares withheld for taxes: 3,656 shares Tax withholding share value: $7.07 per share +2 more

5 metrics

Restricted shares vested 10,000 shares Restricted common stock vested on May 8, 2026

Shares withheld for taxes 3,656 shares Withheld to satisfy tax obligation on vesting

Tax withholding share value $7.07 per share Value used for tax-withholding disposition

Shares after tax withholding entry 108,987 shares Direct holdings following tax-withholding disposition

Final direct holdings 112,643 shares Direct ownership after grant of restricted shares

Key Terms

restricted shares, tax withholding obligation, grant, award, or other acquisition

3 terms

restricted shares financial

"Shares represent restricted shares that vested on May 8, 2026."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

tax withholding obligation financial

"Shares withheld to satisfy tax withholding obligation applicable to the vesting of 10,000 restricted shares."

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 08:17 PM

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)
05/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/08/2026		A		10,000⁽¹⁾	A	$7.07	112,643	D
Common Stock	05/08/2026		F		3,656⁽²⁾	D	$7.07	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares represent restricted shares that vested on May 8, 2026.

2. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 10,000 restricted shares.

Remarks:

	/s/ Suzette Prante, attorney-in-fact	05/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Global Water Resources (GWRS) report for Ronnie L. Fleming?

Global Water Resources reported that President and CEO Ronnie L. Fleming received 10,000 restricted common shares that vested on May 8, 2026. In connection with this vesting, 3,656 shares were withheld to satisfy tax obligations, with the remaining shares increasing his direct ownership.

How many Global Water Resources (GWRS) shares does Ronnie L. Fleming hold after this Form 4?

Following the May 8, 2026 transactions, Ronnie L. Fleming directly holds 112,643 shares of Global Water Resources common stock. This figure reflects both the vesting of 10,000 restricted shares and the withholding of 3,656 shares for taxes related to that vesting event.

Was Ronnie L. Fleming’s Global Water Resources (GWRS) transaction a market sale or purchase?

The filing shows no open-market purchase or sale by Ronnie L. Fleming. Instead, it records a grant of 10,000 restricted shares and a tax-withholding disposition of 3,656 shares, meaning the withheld shares satisfied tax obligations rather than being sold on the open market.

What does the tax-withholding disposition in the GWRS Form 4 mean for shareholders?

The tax-withholding disposition means 3,656 Global Water Resources shares were retained by the company to pay Ronnie L. Fleming’s tax obligations on vested restricted stock. This is a routine, non-market transaction and does not represent an open-market sale or directional trading decision.