[Form 4] Granite Construction Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael G. Tatusko, Senior Vice President and officer of Granite Construction Inc. (GVA), reported an insider transaction on 08/21/2025. The filing shows a sale of 2,000 shares of Common Stock at $110 per share. After the reported sale and adjustments for dividend reinvestment credits, the Reporting Person beneficially owns 29,241.28 shares directly and 5,573.93 shares indirectly through the company ESOP. The Form 4 notes dividend equivalents credited to equity plans (DEUs) and indicates the form was signed by an attorney-in-fact under a power of attorney.

Positive

• Timely disclosure of insider sale and updated beneficial ownership as required by Section 16
• Details provided about dividend reinvestment adjustments clarifying the basis for the reported share totals
• Use of power of attorney and signature by attorney-in-fact is disclosed, showing procedural compliance

Negative

• Officer sale of 2,000 shares at $110 reduces direct insider holdings and could be interpreted as insider liquidity
• Limited context: filing contains no explanation for the sale or other company developments

Insights

Securities Analyst

TL;DR: Officer sold 2,000 shares at $110; remaining direct and ESOP holdings disclosed, signaling routine insider liquidity rather than a structural change.

The Form 4 discloses a single non-derivative sale by a named officer, with post-transaction direct ownership of 29,241.28 shares and indirect ESOP holdings of 5,573.93 shares. The filing explicitly attributes adjustments to dividend reinvestment credits and uses a power of attorney signature. For investors, the data is factual and limited to this transaction; there is no additional financial or operational information in the filing to assess broader company impact.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure of an officer sale and updated beneficial ownership; procedure appears followed via POA.

The submission identifies the reporting persons role as Senior Vice President and indicates the report was executed by an attorney-in-fact, consistent with delegated filing practice. It documents dividend reinvestment adjustments to share totals, which clarifies movement in beneficial ownership since the last report. The item is a routine insider reporting event; the filing contains no governance actions, resignations, or material disclosures beyond ownership change.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tatusko Michael G

(Last) (First) (Middle)

585 WEST BEACH STREET

(Street)

WATSONVILLE CA 95076

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2025		S		2,000	D	$110	29,241.28(1)	D
Common Stock								5,573.93(2)	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Total adjusted to include dividend equivalents (DEUs: 7 - 4/15/25; 5 - 7/15/25) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report.

2. Adjusted to reflect dividends earned under the dividend reinvestment feature of the ESOP Plan since the Reporting Person's last report.

Remarks:

See Exhibit for POA

	/s/ Troy Erickson, attorney-in-fact for Michael G. Tatusko	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Granite Construction (GVA) report on 08/21/2025?

The Form 4 reports that Senior Vice President Michael G. Tatusko sold 2,000 shares of common stock at $110 per share on 08/21/2025.

How many shares does Michael G. Tatusko beneficially own after the reported transaction?

Following the reported transaction and dividend reinvestment adjustments, he beneficially owns 29,241.28 shares directly and 5,573.93 shares indirectly via the ESOP.

Why do the reported share totals include fractional amounts like 29,241.28?

The filing states the totals were adjusted to include dividend equivalents (DEUs) credited under the company's equity plans and ESOP since the last report.

Who signed the Form 4 for Michael G. Tatusko?

The Form 4 was signed by Troy Erickson, attorney-in-fact, indicating the filing was executed under a power of attorney.

Does the Form 4 disclose any derivative transactions or option exercises for GVA?

No. Table II for derivative securities in the filing contains no reported transactions; only a non-derivative sale is disclosed.