Bowman Family Asset Management Amends Bowman Consulting Filing

TL;DR

Gary Bowman's family office updated their stake in Bowman Consulting. Watch for potential moves.

AI Summary

Gary Bowman, through Bowman Family Asset Management, LLC, has filed an amendment (No. 7) to their Schedule 13D concerning Bowman Consulting Group Ltd. The filing, dated April 1, 2024, indicates a change in the reporting person's holdings or intentions regarding the company's common stock.

Why It Matters

This amendment signals a potential shift in significant ownership or strategy for Bowman Consulting Group Ltd., which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.

Key Numbers

• 7 — Amendment Number (Indicates this is the seventh update to the filing.)

Key Players & Entities

• Gary Bowman (person) — Reporting Person
• Bowman Family Asset Management, LLC (company) — Filing Entity
• Bowman Consulting Group Ltd. (company) — Subject Company
• Robert Hickey (person) — Chief Legal Officer and Contact Person

FAQ

Key Financial Figures

• $0.01 — Ltd. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
• $34.00 — r share sold in the public offering was $34.00. The Reporting Persons have no plans o

Filing Documents

• d824061dsc13da.htm (SC 13D/A) — 52KB
• 0001193125-24-087297.txt ( ) — 53KB

of Schedule 13D is hereby deleted in its entirety and substituted by the following

Item 2 of Schedule 13D is hereby deleted in its entirety and substituted by the following: Gary Bowman and Bowman Family Asset Management LLC may be deemed to be a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the Exchange Act), due to the provisions of the Bowman Family Asset Management, LLC Operating Agreement, effective as of October 8, 2021. Mr. Bowman is the Issuers Chairman, President, and Chief Executive Officer. The address of Mr. Bowman and the Issuer is 12355 Sunrise Valley Drive, Suite 520, Reston, Virginia 20191. Mr. Bowman serves as Chairman of the Issuers Board of Directors. Bowman Family Asset Management LLC (BFAM) is a limited liability company formed in September 2021 under the laws of Commonwealth of Virginia. Its principal business is the management of the investment assets of Mr. Bowman and his family. The manager of BFAM is Gary Bowman and its business address is 12355 Sunrise Valley Drive, Suite 520, Reston, Virginia 20191. During the past five years, Mr. Bowman has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. Mr. Bowman is a U.S. citizen. Item4. Purpose of the Transaction

is hereby amended as follows

Item 4 is hereby amended as follows: On April 1, 2024, Mr. Bowman and BFAM, of which Mr. Bowman is manager, each sold 114,705 and 61,765 shares of Common Stock, respectively, in the Issuers public offering pursuant to an underwriting agreement dated March 26, 2024, among the Issuer, BofA Securities, Inc. and Robert W. Baird & Co. Incorporated, as representatives of the underwriters named therein, and the attorney-in-fact on behalf of Mr. Bowman, BFAM and Michael Bruen, as selling stockholders. The price per share sold in the public offering was $34.00. The Reporting Persons have no plans or proposals which relate to or would result in any of the matters listed in Item 4 of Schedule 13D. From time to time, however, Mr. Bowman may acquire shares of Common Stock pursuant to equity awards granted to him by the Issuer or, for investment purposes. Mr. Bowman may acquire or dispose of shares of Common Stock through open market transactions, stock trading plans (a Rule 10b5-1 Plan) intended to satisfy the affirmative defense conditions of the Securities Exchange Act Rule 10b5-1(c), or otherwise. On September 15, 2023, Mr. Bowman, individually and as manager of BFAM entered into a 10b5-1 Plan that provides for (i) with respect to Mr. Bowman, the sale of 80,000 shares of Common Stock pursuant to the terms of the 10b5-1 Plan from December 2023 through October 2024, and (ii) with respect to BFAM, the sale of 40,000 shares of Common Stock pursuant to the terms of the 10b5-1 Plan from December 2023 through October 2024. In addition, Mr. Bowman may gift shares of Common Stock, or he may transfer shares to BFAM to facilitate the management of such assets. Item5. Interest in Securities of the Issuer. Item 5 is hereby amended as follows: (a)(b) Mr. Bowman has the sole voting and dispositive power over 977,225 shares of Common Stock and shared dispositive power over 1,418,338 shares of common stock, which are held by BFAM and of which he is the manager. The aggregate shares

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 4, 2024 By: /s/ Gary Bowman Name: Gary Bowman Bowman Family Asset Management, LLC By: /s/ Gary Bowman Name: Gary Bowman Title: Manager CUSIP No. 103002101 13D Page 6 of 6 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D/A to which this Joint Filing Agreement is attached, and have duly executed this Joint Filing Agreement as of the date set forth below. Date: April 4, 2024 By: /s/ Gary Bowman Name: Gary Bowman Bowman Family Asset Management, LLC By: /s/ Gary Bowman Name: Gary Bowman Title: Manager

View Full Filing

View this SC 13D/A filing on SEC EDGAR