PURE CYCLE CORP — Director's Dealing 2023

Jul 20, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2023-07-14

Reporting Person: HOWELL PETER C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-14	Common Stock	M	6500	$6.08	Acquired	31224	Direct
2023-07-14	Common Stock	F	3529	$11.20	Disposed	27695	Direct
2023-07-14	Common Stock	M	6500	$4.17	Acquired	34195	Direct
2023-07-14	Common Stock	F	2421	$11.20	Disposed	31774	Direct
2023-07-14	Common Stock	M	6500	$4.34	Acquired	38274	Direct
2023-07-14	Common Stock	F	2519	$11.20	Disposed	35755	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-14	Option (Right to Buy)	$6.08	M	6500	Disposed	2024-01-14	Common Stock (6500)	Direct
2023-07-14	Option (Right to Buy)	$4.17	M	6500	Disposed	2025-01-13	Common Stock (6500)	Direct
2023-07-14	Option (Right to Buy)	$4.34	M	6500	Disposed	2026-01-12	Common Stock (6500)	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 July 14, 2023.