| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/11/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 727273 |
| Issuer Name: CADIZ INC |
| Issuer Trading Symbol: CDZI |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1854939 |
| | Owner Name: Kennedy Susan P |
| Reporting Owner Address: |
| | Owner Street 1: 550 SOUTH HOPE STREET |
| | Owner Street 2: SUITE 2850 |
| | Owner City: LOS ANGELES |
| | Owner State: CA |
| | Owner ZIP Code: 90071 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 150,000 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 241,921 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Rights |
| | | Footnote ID: F2 |
| | Conversion or Exercise Price: |
| | | Footnote ID: F3 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 2/4/27 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 450,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 450,000 |
| Footnote ID: F4 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Shares granted under the 2019 Equity Incentive Plan to the Reporting Person as a performance bonus. |
| Footnote - F2: Previously reported. |
| Footnote - 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$11per 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. |
| Footnote - F4: The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested. |
| Owner Signature: |
| Signature Name: Susan P. Kennedy |
| Signature Date: 4/15/24 |
