Kyle T. Larkin - Nov 5, 2024 Form 4 Insider Report for GRANITE CONSTRUCTION INC (GVA)

Signature
/s/ Betty Kwong, attorney-in-fact for Kyle T. Larkin
Stock symbol
GVA
Transactions as of
Nov 5, 2024
Transactions value $
-$2,678,400
Form type
4
Date filed
11/5/2024, 04:34 PM
Previous filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GVA Common Stock Sale -$2.68M -30K -24.2% $89.28 94K Nov 5, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reported sale of 30,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 6, 2024.
F2 The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $89.26 to $89.29, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.
F3 Total adjusted to include dividend equivalents (DEUs: 68 - 7/15/24; 53 - 10/15/24) credited to the Reporting Person under the dividend reinvestment feature of Granite Construction Incorporated's equity plans since the Reporting Person's last report.