CADIZ INC — Director's Dealing 2021

Dec 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2021-12-10

Reporting Person: BRACKPOOL KEITH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-10	Common Stock	A	50000	$3.98	Acquired	321198	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock	$		Common Stock (170000)	170000	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $3.975 to $4.00. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Each previously reported Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.

F3: 85,000 of these RSUs will vest upon the Company's entering into final binding water supply arrangement for delivery of at least 9,500 acre-feet per year; and, 85,000 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date.

F4: The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.