CADIZ INC — Director's Dealing 2025

Jul 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2025-06-30

Reporting Person: Lloyd Barbara A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-30	Common Stock	A	8212	$3.0443	Acquired	17920	Direct
2025-07-01	Common Stock	A	1552	$3.02	Acquired	19472	Direct

Footnotes

F1: Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan, as amended, for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2025, which shares will vest on January 31, 2026.

F2: Shares issued to the Reporting Person under the 2019 Equity Incentive Plan, as amended, in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer during the 3-month period beginning July 1, 2025.