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Pure Cycle Corporation Form 4 Filings

PCYO NASDAQ

Every Form 4 that Pure Cycle Corporation (PCYO) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow PCYO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PCYO filings page.

Rhea-AI 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.

Rhea-AI Summary

Pure Cycle Corp director Wanda J. Abel reported receiving 2,653 shares of common stock on January 14, 2026, in a no-cost award. The Form 4 shows the transaction coded as an acquisition at a price of $0 per share, which is typical for equity compensation grants to board members. Following this award, Abel beneficially owns 13,258 shares of Pure Cycle common stock held directly. This filing simply updates the public record of her ownership and reflects additional stock-based compensation rather than a cash purchase.

Rhea-AI Summary

Pure Cycle Corp insider group reported acquiring additional common stock. On January 14, 2026, entities associated with Daniel J. Roller reported the acquisition of 2,653 shares of Pure Cycle common stock at a stated price of $0.00 per share, resulting in 2,653 shares held directly.

The filing also lists indirect holdings of 469,000 shares held by Maran Partners Fund, LP, 480,000 shares held by Maran SPV1 LP, and 2,600,000 shares held by Plaisance SPV I, LLC. The reporting persons state they are part of a Section 13(d) group that collectively owns more than 10% of Pure Cycle’s outstanding common stock and disclaim beneficial ownership except to the extent of their pecuniary interest.

Rhea-AI Summary

Pure Cycle Corp director Susan Diane Heitmann reported a stock award of company shares. On 01/14/2026, she acquired 2,653 shares of Common Stock in a transaction coded "A," which typically denotes an award or grant. The shares were recorded at a price of $0 per share, indicating they were granted rather than purchased on the open market.

Following this transaction, Heitmann directly beneficially owns 6,827 shares of Pure Cycle Corp common stock. The filing is made as a Form 4 by a single reporting person in her capacity as a director of the company.

Rhea-AI 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.

Rhea-AI 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.

Rhea-AI Summary

Pure Cycle Corp director reports stock acquisition. Director Frederick A. Fendel III acquired 2,653 shares of Pure Cycle common stock on January 14, 2026 in a transaction coded "A," indicating an acquisition. The shares were reported at a price of $0.00 per share, which typically reflects a grant or award rather than a market purchase. Following this transaction, he beneficially owns 15,258 shares of Pure Cycle common stock held directly.

Rhea-AI Summary

Pure Cycle Corp’s chief executive officer and director, Mark W. Harding, reported changes in how his holdings are treated for ownership reporting. On 01/12/2026, 210,000 shares of common stock recorded under SMA Investments, LLLP were shown as a disposition at a price of $0, reflecting that he no longer has investment or voting control over SMA and therefore no longer beneficially owns those shares indirectly.

The filing explains that control of SMA had been gifted to the Mark W. Harding Irrevocable Trust, and that Harding has no control over the Trust’s assets. After this correction and the transfer of SMA’s control, Harding is shown as directly holding 140,089 shares of Pure Cycle common stock.

Rhea-AI Summary

Pure Cycle Corporation (PCYO) reported that its Chief Financial Officer received a non-statutory stock option grant. On 11/20/2025, the officer was granted options to buy 30,000 shares of Pure Cycle common stock at an exercise price of $10.75 per share. The options expire on 11/20/2035.

The grant vests in three equal annual installments: 10,000 shares on November 20, 2026, 10,000 shares on November 20, 2027, and 10,000 shares on November 20, 2028. After this transaction, the reporting person beneficially owns 30,000 derivative securities directly.

Rhea-AI Summary

Pure Cycle Corp (PCYO) insider Daniel Kozlowski and related entities reported significant changes in their holdings. On 11/17/2025, an entity associated with Kozlowski sold 68,778 shares of Pure Cycle common stock in open-market transactions at a weighted average price of $11.008 per share. After this sale, 2,600,000 shares previously reported as indirectly owned through Plaisance SPV I, LLC were reclassified so that they are no longer deemed beneficially owned by Plaisance Capital, LLC or Kozlowski, following a change in the managing member of Plaisance SPV.

Kozlowski remains a director and 10% owner of Pure Cycle and now reports 348,557 shares held directly in his personal capacity.

Rhea-AI Summary

Pure Cycle Corp (PCYO) reported an insider share transaction by a director. On 11/17/2025, the director exercised an option to buy 10,000 shares of common stock at $4.05 per share (transaction code M). After this exercise, the director directly owns 24,605 shares of Pure Cycle common stock. The related stock option for 10,000 shares, which was exercisable since 01/27/2018 and set to expire on 01/27/2026, now shows 0 derivative securities remaining beneficially owned.

Rhea-AI Summary

Mark W. Harding, Chief Executive Officer and Director of Pure Cycle Corporation (PCYO), reported acquiring 10,000 shares of the company's common stock on 09/17/2025. After the transaction he beneficially owned 140,089 shares. The Form 4 was signed on 09/19/2025 and shows the transaction code as "A" with a reported price of $0 as presented on the form.