Craig J. Patla - Jan 4, 2023 Form 4 Insider Report for SJW GROUP (SJW)

Role: President of CTWS
Signature: /s/ Marisa Joss Attorney-in-Fact for Craig J. Patla
Stock symbol: SJW
Transactions as of: Jan 4, 2023
Transactions value $: -$12,419
Form type: 4
Date filed: 1/6/2023, 01:45 PM
Previous filing: Jan 5, 2023
Next filing: Feb 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SJW	Common Stock	Tax liability	-$12.4K	-149	-1.91%	$83.35	7.66K	Jan 4, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 149 shares of the issuer's common stock withheld in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 4, 2023 pursuant to the terms of the January 4, 2021 Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. The issuable shares were reported as Table I securities on Form 3 filed on January 5, 2023 by the reporting person as restricted stock units previously granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.
F2	Represents (i) 1,781 shares of the issuer's common stock, (ii) 2,216 shares subject to RSUs that will vest over a period of service and be settled in accordance with the terms of the awards subject to accelerated vesting under certain prescribed circumstances, and (iii) 3,666 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.

Content

Represents 149 shares of the issuer's common stock withheld in satisfaction of the applicable withholding taxes on certain shares of common stock that became issuable on January 4, 2023 pursuant to the terms of the January 4, 2021 Restricted Stock Unit Issuance Agreement between the reporting person and the issuer. The issuable shares were reported as Table I securities on Form 3 filed on January 5, 2023 by the reporting person as restricted stock units previously granted, and accordingly the issuance of those shares is not a reportable transaction on this Form 4.

Represents (i) 1,781 shares of the issuer's common stock, (ii) 2,216 shares subject to RSUs that will vest over a period of service and be settled in accordance with the terms of the awards subject to accelerated vesting under certain prescribed circumstances, and (iii) 3,666 shares subject to DSUs that are vested and will be settled in accordance with an election previously made by the reporting person. Each RSU and DSU will entitle the reporting person to one share of common stock upon settlement.