Pure Cycle (PCYO) director acquires 2,653 shares at $0 in grant

Rhea-AI Filing Summary

Pure Cycle Corp director reports stock acquisition Daniel R. Kozlowski, a director of Pure Cycle Corp, reported acquiring 2,653 shares of the company’s common stock on January 14, 2026 in a Form 4 filing. The transaction is coded as an acquisition at a reported price of $0 per share, and follows a single line item in the non-derivative securities table. After this transaction, Kozlowski beneficially owns 351,210 shares of Pure Cycle common stock, held in direct form.

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^*

Kozlowski Daniel R

(Last) (First) (Middle)

250 FILLMORE ST

SUITE 525

(Street)

DENVER CO 80206

(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	351,210	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/ Daniel Kozlowski	01/16/2026
	** 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 PCYO disclose in this Form 4?

The filing reports that director Daniel R. Kozlowski acquired 2,653 shares of Pure Cycle Corp common stock on January 14, 2026, coded as an acquisition at $0 per share.

Who is the reporting person in the latest Pure Cycle (PCYO) insider filing?

The reporting person is Kozlowski Daniel R, who is identified in the filing as a director of Pure Cycle Corp and not as an officer or 10% owner.

How many Pure Cycle (PCYO) shares does Daniel R. Kozlowski own after the reported transaction?

Following the reported acquisition, Daniel R. Kozlowski beneficially owns 351,210 shares of Pure Cycle Corp common stock.

At what price were the new Pure Cycle (PCYO) shares acquired in this Form 4?

The 2,653 shares of Pure Cycle Corp common stock reported in the transaction were acquired at a stated price of $0 per share.

Is Daniel R. Kozlowski’s ownership of PCYO shares direct or indirect?

The filing shows that Daniel R. Kozlowski’s 351,210 shares of Pure Cycle Corp common stock are held with direct ownership.

Does the Form 4 indicate any derivative securities for PCYO held by Daniel R. Kozlowski?

The excerpted Form 4 table for derivative securities does not list any derivative positions for Daniel R. Kozlowski; only a non-derivative common stock acquisition is shown.