CADIZ INC — Director's Dealing 2023

Jun 26, 2023

SEC Form 4/A — Form 4/A

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2022-12-14

Reporting Person: Kennedy Susan P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-14	Common Stock	P	20000	$2.5	Acquired	95950	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Rights	$	2027-02-04	Common Stock (450000)	450000	Direct

Footnotes

F1: On December 14, 2022, the Reporting Person mistakenly filed a Form 4 reporting a purchase of 15,512 shares of common stock. The actual number of shares purchased was 20,000. This amendment is being filed in order to correct the number of shares purchased and the amount of shares beneficially owned by the Reporting Person following such purchase.

F2: Previously reported.

F3: Each performance right represents a contingent right to receive one share of the Issuer's common stock. 200,000 of the performance rights vest upon the Issuer's common stock achieving a market price of $7 per share; 150,000 vest upon the Issuer's common stock achieving a market price of $9 per share; 50,000 vest upon the Issuer's common stock achieving a market price of $11 per share, and 50,000 vest upon the Issuer's common stock achieving a market price of $13 per share. Performance rights are payable in the form of either cash or common stock registered under a stockholder approved equity incentive plan under which a sufficient number of shares of common stock then remains available for issuance.

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