Granite Construction (GVA) Files Form 144 for 1,500-Share Sale

Rhea-AI Filing Summary

Granite Construction Inc. (GVA) filed a Form 144 notice reporting a proposed sale of 1,500 shares of common stock through Merrill Lynch on 08/28/2025. The filing states an aggregate market value of $165,240.00 and total shares outstanding listed as 43,786,156. The shares were acquired as vested restricted shares on 05/20/2022 from Granite Construction Inc. as a stock bonus. The filer reports no securities sold in the past three months and includes the standard attestation about absence of undisclosed material adverse information.

Positive

• Shares were acquired as a vested stock bonus, indicating the disposal originates from compensation rather than external purchase.
• Filer disclosed timing, broker, and exact share count, supporting transparent compliance with Rule 144 requirements.

Negative

• Proposed insider sale of 1,500 shares could be viewed negatively by some investors even though the filing contains no operational information.

Insights

Securities Analyst

TL;DR: An insider plans a modest sale of vested restricted shares worth $165k, disclosed per Rule 144 requirements.

The Form 144 notifies the market of a proposed sale of 1,500 common shares executed through Merrill Lynch with an aggregate market value of $165,240. The shares originated from a stock bonus granted and vested on 05/20/2022. No sales were reported in the prior three months. This is a routine regulatory disclosure to enable resale under Rule 144 and does not, on its face, provide new information about Granite Construction's operations or financial condition.

Corporate Governance Expert

TL;DR: The filing documents a compliant insider sale plan and confirms the shares were received through compensation, not a third-party purchase.

The notice specifies the securities were acquired as vested restricted shares and paid as a stock bonus, which indicates the sale stems from compensation rather than arm's-length acquisition. The submission includes the standard representation that the filer lacks undisclosed material adverse information. From a governance perspective, the filing meets disclosure obligations under Rule 144 and signals insider liquidity without further corporate disclosures.

FAQ

What does Granite Construction's (GVA) Form 144 disclose?

The filing discloses a proposed sale of 1,500 common shares through Merrill Lynch on 08/28/2025 with an aggregate market value of $165,240.00.

How were the shares being sold acquired according to the filing?

The shares were acquired as vested restricted shares on 05/20/2022 from Granite Construction Inc. as a stock bonus.

Did the filer report any securities sold in the past three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

The filing names Merrill Lynch, 555 Capitol Mall, Ste 1400, Sacramento, CA 95814 as the broker.

What representation does the filer make about undisclosed information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

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Accepted by SEC EDGAR 08/28/2025 - 12:04 PM Learn about SEC filing dates

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	0001195724
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	GRANITE CONSTRUCTION INC
SEC File Number	001-12911
Address of Issuer	585 WEST BEACH ST WATSONVILLE CALIFORNIA 95076
Phone	8317241011
Name of Person for Whose Account the Securities are To Be Sold	CALDERA LOUIS E
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	Director

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 STOCK	MERRILL LYNCH 555 CAPITOL MALL STE 1400 SACRAMENTO CA 95814	1500	165240.00	43786156	08/28/2025	NYSE

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 STOCK	05/20/2022	VESTED RESTRICTED SHARES	GRANITE CONSTRUCTION INC			1500	05/20/2022	STOCK BONUS

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/28/2025
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	LOUIS E CALDERA
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)