---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-083425"
form_type: "8-K"
ticker: "BWMN"
cik: "0001847590"
company_name: "Bowman Consulting Group Ltd."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:56:07.186113+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bowman Consulting raises ~$47.3M net in public offering; CEO and COO sell shares

## Summary
- Company sold 1,502,942 shares at $34.00, net proceeds ~$47.3M after underwriting costs.
- Selling stockholders (CEO Gary Bowman and COO Michael Bruen) sold 188,234 shares total; company received no proceeds.
- Over-allotment option of 220,588 shares was exercised in full.
- Net proceeds earmarked for organic expansion, potential acquisitions, and possible repayment of revolving credit facility.

## SEC filing metadata
- accession: 0001193125-24-083425
- form_type: 8-K
- ticker: BWMN
- cik: 0001847590
- company_name: Bowman Consulting Group Ltd.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847590/000119312524083425/0001193125-24-083425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847590/000119312524083425/d816349d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083425
- JSON: https://secwatch.observer/filing/0001193125-24-083425.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083425.txt

## Key facts
- Material Agreements
  Bowman Consulting Group Ltd. entered into Underwriting Agreement with BofA Securities, Inc. and Robert W. Baird & Co. Incorporated, as representatives of the underwriters valued at $34.00 per share (effective 2024-03-26).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. and Robert W. Baird & Co. Incorporated, as representatives of the underwriters
  - Value: $34.00 per share
  - Effective: 2024-03-26
  source text: On March 26, 2024, Bowman Consulting Group Ltd. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and Robert W. Baird & Co. Incorporated, as representatives of the underwriters named in the Underwriting Agreement (the “Underwriters”), and the attorney-in-fact on behalf of the selling stockholders, including the Company’s President, Chief Executive Officer and Chair of the board of directors (the “Board”) and Michael Bruen, the Company’s Executive Vice President and Chief Operating Officer and a director of the Board, named in the Underwriting Agreement (the “Selling Stockholders”), relating to an underwritten public offering (the “Offering”) of its common stock, par value $0.01 per share (the “Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312524083425/0001193125-24-083425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.