Global Water Resources, Inc. SEC Filings

Global Water Resources (GWRS) director reported equity compensation. A Form 4 shows the acquisition of 49 restricted stock units on 10/31/2025. Each RSU represents the economic equivalent of one share of common stock.

The RSUs are fully vested upon grant and are only permitted to be redeemed when the reporting person ceases to be a director, as described in the company’s omnibus plans. Following the transaction, 2,312 derivative securities were beneficially owned. The ownership is direct, and the price of the derivative security is $0.

Global Water Resources (GWRS) reported a director’s equity change on a Form 4. On 10/31/2025, the director acquired 39 restricted stock units (RSUs) at a $0 price (Transaction Code A). Following this grant, the director beneficially owns 11,952 derivative securities directly.

Each RSU equals one share of common stock. The RSUs are fully vested upon grant and may be redeemed only when the director ceases to serve, as outlined in the company’s omnibus plan referenced in its latest 10-K.

Global Water Resources, Inc. updated its Arizona rate case status for two regulated utilities. The company’s applications sought a net annual revenue increase of approximately $6.5 million, an ~11% increase in the total median monthly aggregate bill, and an adjusted rate base of about $164.6 million.

Initial testimonies filed on October 1, 2025 materially differ: ACC Staff recommended a net annual revenue decrease of ~$7.1 million with an adjusted rate base of ~$78.7 million, while RUCO recommended a net annual revenue increase of ~$3.0 million and an adjusted rate base of ~$156.6 million. ACC Staff’s view reflects post-test year plant through August 1, 2025, with a request for updates on projects completed through December 31, 2025.

The parties agreed to begin settlement discussions as early as the week of October 20, 2025. Key dates: rebuttal due November 6, 2025; surrebuttal December 1, 2025; rejoinder December 10, 2025; hearing begins December 15, 2025. A Recommended Opinion and Order and the ACC vote are anticipated in the first half of 2026. The company notes that unfavorable outcomes, if adopted, could materially affect financial condition, results, and cash flows.

Global Water Resources, Inc. filed a Form D reporting a completed exempt offering of equity securities under Rule 506(b). The company raised total gross proceeds of $13,086,907, with all of the offering sold and $0 remaining. The first sale occurred on 2025-09-30. The filing lists senior executives and directors at the issuer's Phoenix headquarters and shows the issuer reports annual revenues in the $25,000,001 - $100,000,000 range. The offering indicates 3 investors have participated, sales commissions and finders' fees are reported as $0, and no proceeds were paid to named officers, directors, or promoters. The minimum outside investment accepted was listed as $0.

Director Andrew M. Cohn reported an open-market purchase of $10.30 per share for 154,026 shares on 09/30/2025, increasing his direct beneficial ownership to 2,540,908.437 shares. He also reports 42,150 shares held indirectly by family relationship. The filing was signed by an attorney-in-fact on 10/07/2025. The report indicates shared voting and dispositive power over the indirectly held shares and flags the purchase as code P (open-market purchase) and transaction code V (deemed execution) where shown.

Insider purchase increases indirect stake in Global Water Resources (GWRS). A Form 4 filed for Jonathan L. Levine shows a purchase of 728,197 shares on 09/30/2025 at a reported price of $10.30 per share. After the transaction, the reporting person beneficially owns 12,128,122 shares indirectly through Levine Investments Limited Partnership and an additional 50,000 shares indirectly through Levine Family Trust "A". The filing is signed by an attorney-in-fact on 10/07/2025.

This Form 4 discloses only non-derivative common stock acquisition activity and explains that holdings are held in entities for which the reporting person serves as general partner or trustee; the reporting person disclaims direct beneficial ownership except for pecuniary interest. No derivative transactions or additional pricing/guidance details are provided.

Global Water Resources, Inc. sold common stock in an unregistered private placement to several purchasers, including Levine Investments Limited Partnership (LILP) and Andrew M. Cohn, both of whom are significant company stockholders and directors. The purchasers acquired shares at a price equal to the Nasdaq consolidated closing bid immediately before the agreement, $10.30 per share, for an aggregate purchase price of approximately $13.1 million. The purchase was made under a Securities Purchase Agreement containing customary representations, warranties and covenants; the full agreement is filed as an exhibit. The sale is reported as an unregistered sale of equity securities and is incorporated into the filing's specified items.

David Rousseau, a director of Global Water Resources, Inc. (GWRS), was granted 38 restricted stock units (RSUs) on 09/30/2025. The filing reports the RSUs are fully vested on grant and each RSU equals one share of common stock. The RSUs are redeemable only when the reporting person ceases to be a director. Following the grant, the reporting person beneficially owns 11,913 shares of the company's common stock, held in a direct ownership form.

John Carroll Lenderking, SVP, Water Resources at Global Water Resources, Inc. (GWRS), reported insider transactions dated 09/30/2025. The filing shows a grant of 393 restricted stock units (RSUs) recorded as a deemed execution (M) and an additional grant of 6 fully vested RSUs. It also discloses the sale of 393 shares at a price of $10.30. Following these transactions, Mr. Lenderking beneficially owns 7,379 shares directly and holds 2,370 shares via prior RSU grants in aggregate reporting. The RSUs are exercisable upon vesting and have no set expiration date.