Robert A. Hickey - Sep 18, 2023 Form 4 Insider Report for Bowman Consulting Group Ltd. (BWMN)

Role
Chief Legal Officer
Signature
/s/ Robert Hickey
Stock symbol
BWMN
Transactions as of
Sep 18, 2023
Transactions value $
-$214,120
Form type
4
Date filed
9/20/2023, 04:56 PM
Previous filing
Jun 9, 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 -$214K -8K -3.77% $26.77 204K Sep 18, 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 adopted on June 16, 2023. The Rule 10b5-1 trading plan provides for the sale of up to 24,000 shares of the Company's common stock from September 2023 through May 2024 pursuant to the terms of the plan.