Form 4: Bowman Consulting Group's Chief Legal Officer Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert Alan Hickey, Chief Legal Officer of Bowman Consulting Group Ltd., sold a total of 2,500 shares of common stock on April 23 and 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Robert Alan Hickey, the Chief Legal Officer of Bowman Consulting Group Ltd., reported the sale of company stock.
- On April 23, 2025, he sold 700 shares at a price of $22.08 per share.
- On April 24, 2025, he sold 1,800 shares at a price of $22.22 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on May 17, 2024.
- The plan allows for the sale of up to 45,000 shares between August 19, 2024, and July 2025.
- Following these transactions, Hickey directly owns 186,685 shares of Bowman Consulting Group Ltd.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock sales by an insider under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The Rule 10b5-1 plan allows for further sales of Bowman Consulting Group Ltd. stock by Robert Alan Hickey, up to a total of 45,000 shares by July 2025.
Industry Context
This is a routine disclosure of insider trading activity. Rule 10b5-1 plans are commonly used by corporate insiders to sell shares over time while avoiding accusations of trading on non-public information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved and the pre-planned nature of the sales.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of adoption of Rule 10b5-1 Plan |
| 08/19/2024 | Start date for stock sales under the Rule 10b5-1 Plan |
| 04/23/2025 | Date of first reported stock sale |
| 04/24/2025 | Date of second reported stock sale and filing date of the Form 4 |
| 07/2025 | End date for stock sales under the Rule 10b5-1 Plan |
Keywords
Form 4, Bowman Consulting Group, Robert Alan Hickey, stock sale, Rule 10b5-1 plan, BWMN, Chief Legal Officer, insider trading
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