X0306 4 2022-02-04 0 0000727273 CADIZ INC CDZI 0001854939 Kennedy Susan P 550 SOUTH HOPE STREET SUITE 2850 LOS ANGELES CA 90071 1 0 0 0 Common Stock 950 D Performance Rights 2022-02-04 4 A 0 450000 0 A 2027-02-04 Common Stock 450000 450000 D 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 $11 per 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. The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested. Susan P. Kennedy 2022-02-08