Gary Bowman - Jun 1, 2023 Form 4 Insider Report for Bowman Consulting Group Ltd. (BWMN)

Signature
/s/ Gary Bowman
Stock symbol
BWMN
Transactions as of
Jun 1, 2023
Transactions value $
-$683,400
Form type
4
Date filed
6/2/2023, 06:10 PM
Previous filing
May 12, 2023
Next filing
Jul 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWMN Common Stock Sale -$135K -5K -0.47% $26.91 1.05M Jun 1, 2023 Direct F1
transaction BWMN Common Stock Sale -$67.3K -2.5K -0.24% $26.93 1.05M Jun 1, 2023 Direct F2
transaction BWMN Common Stock Sale -$139K -5K -0.48% $27.75 1.05M Jun 2, 2023 Direct F1
transaction BWMN Common Stock Sale -$69.5K -2.5K -0.24% $27.79 1.04M Jun 2, 2023 Direct F2
transaction BWMN Common Stock Sale -$135K -5K -0.33% $26.91 1.51M Jun 1, 2023 Family LLC F3
transaction BWMN Common Stock Sale -$139K -5K -0.33% $27.75 1.51M Jun 2, 2023 Family LLC 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 Reflects shares sold under a Rule 10b5-1 trading plan, which was entered into on November 24, 2021. The Rule 10b5-1 trading plan relates to transactions of up to 80,000 shares of Company common stock, which, subject to the terms and conditions of the plan, a brokerage firm may periodically effect the transactions from September 2022 through August 2024.
F2 Reflects shares sold under a Rule 10b5-1 trading plan, which was entered into on May 31, 2022 and amended on December 16, 2022. The Rule 10b5-1 trading plan as amended relates to transactions of up to 80,000 shares of Company common stock, which, subject to the terms and conditions of the plan, may be sold by a brokerage firm periodically from September 2022 through December 2023.
F3 Reflects shares sold under a Rule 10b5-1 trading plan for Bowman Family Asset Management LLC, an estate planning vehicle established to manage the investment of Mr. Bowman and his family, which was entered into on November 24, 2021. The Rule 10b5-1 trading plan relates to transactions of up to 80,000 shares of Company common stock, which, subject to the terms and conditions of the plan, may be sold by a brokerage firm periodically from September 2022 through August 2024.