Abiopharma

🔍 SPEER STANLEY E (Executive)

Company: CADIZ INC (CDZI)

Report Date: 2026-04-08

Detailed Transactions and Holdings:

• Acquired 25,075 shares of Common Stock (Direct)
  Date: 2026-04-08 | Code: A | equity_swap_involved: 0 | shares_owned_after: 283,860.00 | transaction_form_type: 4 | Footnotes: F1
• Acquired 13,425 shares of Common Stock (Direct)
  Date: 2025-10-31 | Code: M | equity_swap_involved: 0 | shares_owned_after: 297,285.00 | transaction_form_type: 5 | Footnotes: F2, F3
• Sold 25,000 shares of Restricted Stock Units (Derivative)
  Date: 2025-10-31 | Code: M | equity_swap_involved: 0 | shares_owned_after: 260,000.00 | transaction_form_type: 5 | Footnotes: F4, F5, F5, F5

Footnotes:

• F1: Shares issued under the 2019 Equity Incentive Plan to the Reporting Person as a performance bonus after giving effect to tax withholding as permitted under the approved terms applicable to the award.
• F2: Represents the vesting of 25,000 previously reported restricted stock units ("RSUs") upon completion of the California Environmental Quality Act ("CEQA") review for the construction and conveyance of water through the Northern Pipeline, and the concurrent issuance of a net of 13,425 shares of common stock as a consequence of such vesting, after giving effect to tax withholding as permitted under the approved terms applicable to the grant of the RSUs.
• F3: Includes 80,150 restricted stock unites ("RSUs"), each representing a contingent right to receive one share of Cadiz Inc. (the "Company") common stock to vest ratably in seven quarterly installments of 11,450 each on the final day of every quarter of the Company's 2026 and 2027 fiscal years, subject in all cases to the Reporting Person's continuing employment as of each such vesting date. The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of the securities has vested.
• F4: Each previously reported RSU represents a contingent right to receive one share of the Company's common stock.
• F5: These previously reported RSUs will vest as a performance goal-based milestone award once the following events have occurred: (a) 85,000 RSUs upon the closing of project financing necessary for the construction of the Northern Pipeline; (b) 25,000 RSUs upon the issuance of a Federal Land Policy and Management Act right of way permit authorizing the conveyance of water across Federal lands through the Northern Pipeline; (c) 25,000 RSUs upon the execution by public water systems of binding agreements for the purchase from the Company of not less than an aggregate of 25,000 acre-feet per year ("AFY") of annual water supply to be delivered via the Southern Pipeline; (d) 25,000 RSUs upon the execution by public water systems of binding agreements for a cumulative total of 35,000 AFY in water purchase agreements;
• F6: Footnote 5 continued: (e) 25,000 RSUs upon the execution by public water systems of binding agreements for the storage of not less than 25,000 acre-feet of imported water at the Cadiz Property; (f) 25,000 RSUs upon the completion of the CEQA/National Environmental Policy Act review for the storage of imported water at the Cadiz Property; and (g) 50,000 RSUs for first delivery by the Company of water under binding agreements with public water systems for the conveyance of water through the Northern Pipeline.