Pure Cycle (PCYO) director reports grant of 2,653 common shares

Rhea-AI Filing Summary

Pure Cycle Corp director Patrick Beirne reported a stock award of common shares. On 01/14/2026, he acquired 2,653 shares of Pure Cycle common stock in a transaction coded "A," which typically indicates an award or grant, at a reported price of $0 per share.

Following this grant, Beirne beneficially owned 27,258 shares of Pure Cycle common stock, held in direct ownership. This filing reflects an increase in his equity stake as a board member rather than an open-market purchase or sale.

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

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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^*

BEIRNE PATRICK

(Last) (First) (Middle)

3401 E WILLAMETTE LANE

(Street)

GREENWOOD VILLAGE CO 80121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PURE CYCLE CORP [ PCYO ]

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)
01/14/2026

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	01/14/2026		A		2,653	A	$0	27,258	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:

	/s/ Mark W. Harding, Attorney-in-Fact	01/15/2026
	** 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.

FAQ

What insider transaction did Pure Cycle (PCYO) report for Patrick Beirne?

Director Patrick Beirne reported an acquisition of 2,653 shares of Pure Cycle common stock on 01/14/2026, coded as an "A" transaction.

Was the Pure Cycle (PCYO) insider transaction a purchase or a grant?

The transaction was coded "A", which in this context indicates an acquisition such as an award or grant, with a reported price of $0 per share.

How many Pure Cycle (PCYO) shares does Patrick Beirne own after this transaction?

After the reported transaction, Patrick Beirne beneficially owned 27,258 shares of Pure Cycle common stock in direct ownership.

Does the Pure Cycle (PCYO) Form 4 show any derivative securities activity?

No. The provided Form 4 excerpt lists activity only for non-derivative common stock; the table for derivative securities shows no reported transactions.

What is Patrick Beirne’s relationship to Pure Cycle (PCYO)?

Patrick Beirne is reported as a Director of Pure Cycle Corp, with no officer or 10% owner status indicated in the filing.

Is Patrick Beirne’s ownership in Pure Cycle (PCYO) direct or indirect?

The filing classifies his post-transaction holdings of 27,258 shares as Direct (D) ownership, with no indirect ownership nature specified.