CADIZ INC filed this 4 on 06/30/2025

CADIZ INC - 4 - 20250630 - EXPLANATIONS_AND_REMARKS

Explanation of Responses:
(1)	Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2025, which shares will vest on January 31, 2026.