Form 4: Bowman Consulting Group CEO Gary Bowman Sells Shares Under 10b5-1 Trading Plan

Gary Bowman, CEO of Bowman Consulting Group, executed sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Gary Bowman, the CEO of Bowman Consulting Group Ltd., sold shares of the company's common stock on September 18 and 19, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 15, 2023.
• On September 18, 2024, Mr. Bowman sold 4,002 shares at $24.08 per share directly and 2,001 shares at $24.08 per share indirectly through Bowman Family Asset Management LLC (BFAM).
• On September 19, 2024, Mr. Bowman sold 5,998 shares at $24.68 per share directly and 2,999 shares at $24.68 per share indirectly through BFAM.
• Following these transactions, Mr. Bowman directly owns 913,502 shares and indirectly owns 1,398,338 shares through BFAM.
• The Rule 10b5-1 trading plan allows for the sale of up to 80,000 shares by Mr. Bowman and up to 40,000 shares by BFAM between December 2023 and October 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative performance.

Future Outlook

The Rule 10b5-1 trading plan allows for further sales of up to 80,000 shares by Mr. Bowman and 40,000 shares by BFAM until October 2024.

Industry Context

Sales by insiders are common and often pre-planned to avoid accusations of trading on non-public information. Rule 10b5-1 plans are a standard mechanism for this.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to potential price fluctuations.
• The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates