Pure Cycle Corp (PCYO) director reports award of 2,653 shares stock

Rhea-AI Filing Summary

Pure Cycle Corp director Jeffrey G. Sheets reported a stock award of 2,653 common shares on January 14, 2026. The shares were acquired at a reported price of $0.00 per share, indicating they were granted rather than purchased for cash. After this award, Sheets beneficially owns 17,258 shares of Pure Cycle Corp common stock in direct ownership. This filing is a routine disclosure of an equity grant to a board member.

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^*

Sheets Jeffrey G

(Last) (First) (Middle)

5291 E. YALE AVE.

(Street)

DENVER CO 80222

(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	17,258	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 PCYO report in this Form 4?

Pure Cycle Corp reported that director Jeffrey G. Sheets acquired 2,653 shares of common stock on January 14, 2026, coded as an acquisition.

How many Pure Cycle Corp (PCYO) shares does Jeffrey G. Sheets own after this transaction?

After the reported transaction, Jeffrey G. Sheets beneficially owns 17,258 shares of Pure Cycle Corp common stock in direct ownership.

Was cash paid for the shares acquired by the Pure Cycle director?

The Form 4 reports a price of $0.00 per share for the 2,653 common shares, indicating they were granted rather than bought for cash.

What is the role of the reporting person in Pure Cycle Corp (PCYO)?

The reporting person, Jeffrey G. Sheets, is listed as a director of Pure Cycle Corp and is not marked as an officer or 10% owner.

Is this Pure Cycle Corp Form 4 filed for one insider or multiple insiders?

The Form 4 is indicated as filed by one reporting person, specifically director Jeffrey G. Sheets.

Was the PCYO insider transaction made under a Rule 10b5-1 trading plan?

The Form 4 includes a checkbox for transactions under a Rule 10b5-1(c) trading plan, but the content provided does not show that this box was checked for the reported transaction.