Form 4: Bowman Consulting Group's Chief Legal Officer Sells 5,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert Alan Hickey, Chief Legal Officer of Bowman Consulting Group Ltd., sold 5,000 shares of common stock at $26 per share on May 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Robert Alan Hickey, the Chief Legal Officer of Bowman Consulting Group Ltd., reported a transaction involving the company's common stock.
- On May 19, 2025, Hickey sold 5,000 shares at a price of $26 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on May 17, 2024.
- Following the transaction, Hickey still beneficially owns 181,685 shares of Bowman Consulting Group Ltd.
- The 10b5-1 plan allows for the sale of up to 45,000 shares from August 19, 2024, through July 2025.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by an executive under a pre-arranged plan, indicating a neutral sentiment.
Future Outlook
The Rule 10b5-1 plan allows for further sales of up to 40,000 shares through July 2025.
Industry Context
Sales by company insiders are common and often pre-planned to avoid accusations of insider trading. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The sale of shares by a company officer could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| May 17, 2024 | Date of adoption of Rule 10b5-1 Plan |
| August 19, 2024 | Start date for sales under the Rule 10b5-1 Plan |
| May 19, 2025 | Date of stock sale transaction |
| May 21, 2025 | Date of Form 4 filing |
| July 2025 | End date for sales under the Rule 10b5-1 Plan |
Keywords
Form 4, Bowman Consulting Group, Robert Alan Hickey, Chief Legal Officer, Stock Sale, Rule 10b5-1 Plan, BWMN
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