Global Water Resources, Inc. — Director's Dealing 2021

May 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Global Water Resources, Inc. (GWRS)
CIK: 0001434728
Period of Report: 2021-05-12

Reporting Person: Tedesco David C (Former Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-14	Common Stock	M	51579	—	Acquired	101579	Direct
2021-05-14	Common Stock	D	51579	$16.84	Disposed	50000	Direct
2021-05-14	Common Stock	M	6216	—	Acquired	56216	Direct
2021-05-14	Common Stock	D	6216	$16.84	Disposed	50000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-14	Deferred Phantom Unit	$	M	51579	Disposed		Common Stock (51579.0)	Direct
2021-05-12	Restricted Stock Units	$	A	728	Acquired		Common Stock (728.0)	Direct
2021-05-14	Restricted Stock Units	$	M	6216	Disposed		Common Stock (6216.0)	Direct

Footnotes

F1: Each phantom stock unit ("PSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

F2: The reporting person ceased to be a director of the Company effective May 6, 2021.

F3: The DPUs are fully vested upon grant. In addition, the DPUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company and do not have a set expiration date.

F4: Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").

F5: The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Redemption requirements are detailed withinthe Omnibus plans incorporated by reference within our latest filed 10-K.