Bruce Labovitz - Aug 22, 2023 Form 4 Insider Report for Bowman Consulting Group Ltd. (BWMN)

Signature
/s/ Bruce Labovitz by Robert Hickey with Power of Attorney
Stock symbol
BWMN
Transactions as of
Aug 22, 2023
Transactions value $
-$220,350
Form type
4
Date filed
8/24/2023, 05:14 PM
Previous filing
May 24, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWMN Common Stock Sale -$220K -7.5K -2.61% $29.38 280K Aug 22, 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 10b5-1 trading plan, which was entered into on May 17, 2023. The 10b5-1 trading plan relates to transactions of up to 38,000 shares of Company common stock, which, subject to the terms and conditions of the plan, may be sold by a brokerage firm periodically from August 2023 through March 2024.