Michael Bruen - May 23, 2023 Form 4 Insider Report for Bowman Consulting Group Ltd. (BWMN)

Role
Chief Operating Officer, Director
Signature
/s/ Michael Bruen
Stock symbol
BWMN
Transactions as of
May 23, 2023
Transactions value $
-$180,765
Form type
4
Date filed
5/24/2023, 05:05 PM
Previous filing
May 12, 2023
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWMN Common Stock Sale -$181K -6.5K -1.38% $27.81 466K May 23, 2023 Direct F1
* 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 Reflects shares sold under a Rule 10b5-1 trading plan, which was entered into on December 13, 2022. The Rule 10b5-1 trading plan relates to transactions of up to 46,000 shares of Company common stock, which, subject to the terms and conditions of the of the plan, may be sold by a brokerage firm periodically from January 2023 through August 2023.