Item 8.01 Other Events.
Three executive officers, two of whom are also directors, of Bowman Consulting Group Ltd. (the “Company”) have entered into written stock trading plans pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (each a “10b5-1 Plan”) and the Company’s insider trading policy.
On November 24, 2021, Gary Bowman, the Company’s Chief Executive Officer, President and Director, entered into a 10b5-1 Plan related to the sales of up to 80,000 shares of Company common stock. Subject to the terms and conditions of this plan, a brokerage firm may periodically effect the transactions from September 2022 through August 2024. Bowman Family Asset Management, Inc., an estate planning vehicle established to manage the investments of Mr. Bowman and his family and of which Mr. Bowman is manager, also entered into a 10b5-1 Plan on November 24, 2022 related to the sales of up to 80,000 shares of the Company common stock. Subject to the terms and conditions of this plan, a brokerage firm may periodically effect the transactions from September 2022 through August 2024.
On November 22, 2021, Michael Bruen, the Company’s Chief Operating Officer and Director, entered into a 10b5-1 Plan related to the sales of up to 10,000 shares of Company common stock. Subject to the terms and conditions of this plan, a brokerage firm may periodically effect the transactions from March 2022 through November 2022.
On November 30, 2021, Robert Hickey, the Company’s Chief Legal Officer and Secretary, entered into a 10b5-1 Plan related to the sales of up to 20,000 shares of Company common stock. Subject to the terms and conditions of this plan, a brokerage firm may periodically effect the transactions from May 2022 through May 2023.
Transactions under the 10b5-1 Plans will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules, and regulations, to the extent applicable.