Certain Class A Common Stock of Artesian Resources Corporation are subject to a Lock-Up Agreement Ending on 19-JUL-2023. These Class A Common Stock will be under lockup for 61 days starting from 19-MAY-2023 to 19-JUL-2023.

Details:
Directors and certain executive officers have entered into lock-up agreements with the underwriter in connection with this offering pursuant to which each of these persons will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, make any short sale, grant any o ption, right or warrant to purchase, lend, or otherwise transfer, sell or dispose of, directly or indirectly, any shares of Artesian Class A Common Stock or any securities convertible into or exercisable or exchangeable for Artesian Class A Common Stock in each case without the prior written consent of Janney Montgomery Scott LLC for a period of 60 days after the date of this prospectus supplement, subject to certain limited exceptions set forth in the lock-up agreements.