Global Water Resources Insider Files Form 4 on Ownership Change

TL;DR

**Insider Michael J. Liebman filed a Form 4 for Global Water Resources, signaling a change in his ownership.**

AI Summary

Michael J. Liebman, an insider at Global Water Resources, Inc., filed a Form 4 on March 24, 2026, indicating a change in beneficial ownership of securities as of March 20, 2026. While the filing itself doesn't detail specific transactions, it signals that an executive's holdings have changed, which can be a key indicator for investors. This matters because insider activity, especially buying or selling, can reflect management's confidence (or lack thereof) in the company's future prospects, influencing how current or potential shareholders view their investment in Global Water Resources, Inc. (CIK: 0001434728).

Why It Matters

Insider transaction filings like this can signal management's sentiment about the company's future, which can influence investor confidence and stock performance.

Risk Assessment

Risk Level: low — This filing is purely informational about a change in beneficial ownership and does not inherently present a direct financial risk, though the underlying transaction could be significant.

Analyst Insight

Investors should review the full Form 4 document to understand the nature and size of Michael J. Liebman's transaction (e.g., a purchase or sale of shares) to gauge insider sentiment towards Global Water Resources, Inc. and consider its potential implications for their investment strategy.

Key Players & Entities

• Liebman Michael J (person) — Reporting Person
• Global Water Resources, Inc. (company) — Issuer
• 0001673041 (person) — CIK for Liebman Michael J
• 0001434728 (company) — CIK for Global Water Resources, Inc.

Forward-Looking Statements

• The specific details of Michael J. Liebman's transaction (buy/sell, quantity) will be revealed in the full Form 4 document. (Michael J. Liebman) — high confidence, target: 2026-03-24

FAQ

Filing Documents

• wk-form4_1774391758.html (4)
• wk-form4_1774391758.xml (4) — 4KB
• 0001628280-26-020871.txt ( ) — 6KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Liebman Michael J (Last) (First) (Middle) C/O GLOBAL WATER RESOURCES, INC. 21410 N 19TH AVENUE #205 (Street) PHOENIX ARIZONA 85027 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Global Water Resources, Inc. [ GWRS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) CFO and Corporate Secretary 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (1) 03/20/2026 A 13,378 (2) (2) Common Stock 13,378 $ 0 23,325 (3) D Explanation of Responses: 1. Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company"). 2. The RSUs vest ratably over 12 quarters from the grant date, are exercisable at time of vesting and do not have a set expiration date. 3. The total includes prior grants that have different vesting and expiration dates, as previously reported by the reporting person. Remarks: /s/ Suzette Prante, attorney-in-fact 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR