PURE CYCLE CORP — Director's Dealing 2023

Aug 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2023-08-03

Reporting Person: HARDING MARK W (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-03	Common Stock	M	100000	$5.88	Acquired	587243	Direct
2023-08-03	Common Stock	F	47154	$12.47	Disposed	540089	Direct
2023-08-03	Common Stock	S	6445	$12.5154	Disposed	533644	Direct
2023-08-04	Common Stock	S	4688	$12.4195	Disposed	528956	Direct
2023-08-07	Common Stock	S	8867	$12.2340	Disposed	520089	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-03	Option (Right to Buy)	$5.88	M	100000	Acquired	2023-08-14	Common Stock (100000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. These shares were withheld by Pure Cycle Corporation for payment of the exercise price, based on the market price of Pure Cycle Corporation's common stock at the time of the option exercise on August 3, 2023.

F2: Represents the average sales price of common stock to cover filer's tax and cost implications of the exercise of Options that would expire on 8/14/2023. Details on each individual sale can be provided to the Commission upon request.