Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 4)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Bowman Consulting Group Ltd.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
103002101
(CUSIP Number)
Gary Bowman
12355 Sunrise Valley Drive, Suite 520
Reston, Virginia 20191
(703) 464-1000
Copies to:
Robert Hickey
Chief Legal Officer
12355 Sunrise Valley Drive
Suite 520
Reston, Virginia 20191
Tel: (703) 464-1000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 11, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are sent.
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 103002101 | 13D | Page 2 of 6 |
| 1. |
Names of Reporting Persons.
Gary Bowman | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
PF | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
| 6. | Citizenship or Place of Organization
United States | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
1,168,003 shares (1) | ||||
| 8. | Shared Voting Power
1,543,000 shares (2) | |||||
| 9. | Sole Dispositive Power
1,168,003 shares (1) | |||||
| 10. | Shared Dispositive Power
1,543,000 shares (2) | |||||
| 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,711,003 shares | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
21.9% (3) | |||||
| 14. | Type of Reporting Person (See Instructions)
IN | |||||
| (1) | Consists of 784,503 shares held by Mr. Bowman and 383,500 shares of restricted stock subject to vesting based on service. |
| (2) | Shares held by Bowman Family Asset Management, LLC of which Mr. Bowman is the manager. |
| (3) | Based on 11,489,579 shares of common stock outstanding as of December 31, 2021, as reported in the Registration Statement on Form S-1, as amended, of Bowman Consulting Group Ltd. (File No. 333-262464) filed with the Securities and Exchange Commission (the “SEC”) on February 8, 2022. |
| CUSIP No. 103002101 | 13D | Page 3 of 6 |
| 1. |
Names of Reporting Persons.
Bowman Family Asset Management, LLC (“BFAM”) | |||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Virginia | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
| 8. | Shared Voting Power
1,543,000 shares (1) | |||||
| 9. | Sole Dispositive Power
0 | |||||
| 10. | Shared Dispositive Power
1,543,000 shares | |||||
| 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,543,000 shares | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
13.4% (2) | |||||
| 14. | Type of Reporting Person (See Instructions)
OO | |||||
| (1) | Consists of shares held by BFAM, an estate planning vehicle established to manage the investments of Mr. Bowman and his family Mr. Bowman is the manager of BFAM. |
| (2) | Based on 11,489,579 shares of common stock outstanding as of December 31, 2021, as reported in the Registration Statement on Form S-1, as amended, of Bowman Consulting Group Ltd. (File No. 333-262464) filed with the SEC on February 8, 2022. |
| CUSIP No. 103002101 | 13D | Page 4 of 6 |
Explanatory Note
This Amendment No. 4 (the “Amendment”) is being filed by the Gary Bowman and Bowman Family Asset Management, LLC (the “Reporting Persons”) and amends, supplements and to the extent inconsistent with, supersedes the Schedule 13D filed by Gary Bowman on May 13, 2021, as amended by Amendment No. 1 filed September 23, 2021, Amendment No. 2 filed October 13, 2021 and Amendment No. 3 filed November 16, 2021, relating to shares of common stock, $0.01 par value per share (the “Common Stock”), of Bowman Consulting Group Ltd., a Delaware corporation (the “Issuer”).
| Item 2. | Identity and Background |
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 Issuer’s 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 Issuer’s 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.
| Item 4. | Purpose of the Transaction |
Item 4 is hereby amended as follows:
On February 11, 2022, Mr. Bowman and BFAM, of which Mr. Bowman is manager, each sold 75,000 shares of Common Stock in the Issuer’s follow-on public offering pursuant to an underwriting agreement dated February 8, 2022, among the Issuer, D.A. Davidson & Co., as representative of the underwriters named therein and the attorneys-in-fact on behalf of Mr. Bowman and BFAM, as selling stockholders. The price per share sold in the public offering was $16.00 less underwriting discounts and commissions.
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 or otherwise, and may gift shares of Common Stock or transfer shares to BFAM in order to facilitate the management of such assets.
| Item 5. | 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 1,168,003 shares of Common Stock and shared dispositive power over 1,543,000 shares of common stock, which are held by BFAM and of which he is the manager. The aggregate shares of Common Stock over which Mr. Bowman has beneficial ownership represents 21.9% of the total shares of Common Stock outstanding. BFAM has shared voting and dispositive power over 1,543,000 shares of Common Stock. The shares over which BFAM has beneficial ownership represents 13.4% of the total shares of Common Stock outstanding.
The above calculations are based on 11,489,579 shares of common stock outstanding as of December 31, 2021, as reported in the Registration Statement on Form S-1, as amended, of the Issuer (File No. 333-262464) filed with the SEC on February 8, 2022.
(c)—(e) N/A
| CUSIP No. 103002101 | 13D | Page 5 of 6 |
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 February 14, 2022
| 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: | February 14, 2022 | |
| By: | /s/ Gary Bowman | |
| Name: | Gary Bowman | |
| Bowman Family Asset Management, LLC | ||
| By: | /s/ Gary Bowman | |
| Name: | Gary Bowman | |
| Title: | Manager | |