Bowman Consulting (BWMN) Insider Files to Sell 5,000 Shares via Rule 144

Rhea-AI Filing Summary

Bowman Consulting Group Ltd. (NASDAQ: BWMN) – Form 144 filing discloses a planned Rule 144 sale by Robert A. Hickey. The notice covers the proposed disposition of 5,000 common shares through Merrill Lynch on or about 18 June 2025. Based on the issuer’s reported 17,233,069 shares outstanding, the upcoming sale represents roughly 0.03 % of total shares. The transaction carries an aggregate market value of US$133,477.34, or US$26.70 per share.

The shares to be sold were acquired on 08 Feb 2024 via equity-compensation; no gift or cash purchase was involved. Rule 144 requires disclosure because the seller is an affiliate or insider under SEC definitions and must certify that no material non-public information is known.

Prior insider activity: Hickey has already disposed of 7,500 shares over the last three months:

• 5,000 shares on 16 May 2025 for US$130,000.00
• 1,800 shares on 24 Apr 2025 for US$40,000.32
• 700 shares on 23 Apr 2025 for US$15,460.06

Adding the forthcoming 5,000-share sale brings total disclosed dispositions since April to 12,500 shares, or roughly 0.07 % of shares outstanding, generating expected gross proceeds of about US$318,940.

Key takeaways for investors: the volume is modest relative to the float, but continued insider selling can influence sentiment. No information is provided regarding the seller’s role, motivations, or any company fundamentals. The filing contains no new operational or financial data on BWMN; its sole purpose is to satisfy Rule 144’s notice requirement.

Positive

• None.

Negative

• Continued insider selling: An additional 5,000 shares are slated for sale after 7,500 shares were already sold in the previous three months, potentially signaling insider confidence is waning.

Insights

Corporate Governance & Insider-Trading Specialist

TL;DR: Small Rule 144 sale (5k shares) after 7.5k already sold; size immaterial, but signals ongoing insider liquidation trend.

The Form 144 shows Robert A. Hickey intends to sell 5,000 BWMN shares (~0.03 % of the float) on 18 June 2025 via Merrill Lynch, valued at US$133k. Coupled with 7,500 shares sold in April–May, total disclosed insider dispositions reach 12,500 shares (~0.07 %). While the absolute amounts are low, a pattern of sales over consecutive months can weigh on market perception, especially for a company with limited trading volume. No sales restrictions (10b5-1 plan date left blank) are cited, implying discretionary timing. Fundamental impact is negligible because dilution or capital structure changes do not occur—this is secondary-market activity. Still, portfolio managers often monitor insider behavior as a sentiment gauge; persistent selling tends to be viewed cautiously, though context (e.g., tax planning, diversification) is unknown here.

Small-Cap Portfolio Manager

TL;DR: Insider sale modest versus float—unlikely to move price materially, but adds to recent supply overhang.

Bowman Consulting’s float exceeds 17 million shares; the new 5k-share sale equals roughly half a day’s average volume in many micro-caps, so direct price pressure should be minimal. The three prior sales averaged ~US$26–27 per share, suggesting the insider captures current market levels rather than discounting. Because no operational data accompany the filing, investment thesis rests unchanged; however, I flag continued insider distribution as a mild sentiment headwind until concluded. Impact rating remains neutral given low percentage and lack of negative corporate news.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 1800 K Street, NW Suite 800 Washington DC 20006	5000	133477.34	17233069	06/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/08/2024	Equity Compensation	Bowman Consulting LTD			5000	02/08/2024	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Robert A Hickey 12355 SUNRISE VALLEY DRIVE SUITE 520 RESTON VA 20191	Common	05/16/2025	5000	130000.00
Robert A Hickey 12355 SUNRISE VALLEY DRIVE Suite 520 Reston VA 20191	Common	04/23/2025	700	15460.06
Robert A Hickey 12355 SUNRISE VALLEY DRIVE Suite 520 Reston VA 20191	Common	04/24/2025	1800	40000.32

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Bowman Consulting (BWMN) shares are slated for sale under this Form 144?

The filing covers 5,000 common shares to be sold on or about 18 June 2025.

What percentage of BWMN’s outstanding shares does the planned 5,000-share sale represent?

With 17,233,069 shares outstanding, the sale equals roughly 0.03 % of the total.

What aggregate market value is assigned to the shares in the Form 144 notice?

The filing lists an aggregate market value of US$133,477.34 for the 5,000 shares.

Has the insider sold BWMN shares recently?

Yes. Over the past three months the insider sold 7,500 shares for gross proceeds of about US$185,460.

When were the shares being sold originally acquired?

They were acquired on 08 February 2024 through an equity-compensation transaction.