Michael Bruen - 18 Jul 2023 Form 4 Insider Report for Bowman Consulting Group Ltd. (BWMN)

Signature
/s/ Michael Bruen by Robert Hickey with Power of Attorney
Issuer symbol
BWMN
Transactions as of
18 Jul 2023
Transactions value $
-$214,955
Form type
4
Filing time
20 Jul 2023, 17:08:59 UTC
Previous filing
07 Jul 2023
Next filing
08 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWMN Common Stock Sale -$214,955 -6,500 -1.4% $33.07 454,023 18 Jul 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.