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Granite Construction (NYSE: GVA) SVP sells 6,075 shares in pre-set plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Granite Construction Senior Vice President Brian R. Dowd reported selling a total of 6,075 shares of common stock on March 27, 2026 in open-market transactions. The sales were split between 2,025 shares at $118.58 per share and 4,050 shares at $120.00 per share.

Both transactions occurred automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 4, 2025, indicating they were scheduled in advance. After these sales, Dowd holds 14,744 shares directly and 5,269.5 shares indirectly through an ESOP, showing he retains a meaningful equity stake.

Positive

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Negative

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Insider Dowd Brian R
Role Senior Vice President
Sold 6,075 shs ($726K)
Type Security Shares Price Value
Sale Common Stock 2,025 $118.58 $240K
Sale Common Stock 4,050 $120.00 $486K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 18,794 shares (Direct); Common Stock — 5,269.5 shares (Indirect, By ESOP)
Footnotes (1)
  1. The reported sale of 2,025 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2025. The reported sale of 4,050 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2025.
Shares sold total 6,075 shares Open-market sales on March 27, 2026
First sale price $118.58 per share 2,025-share sale of common stock
Second sale price $120.00 per share 4,050-share sale of common stock
Direct holdings after sales 14,744 shares Common stock held directly after transactions
Indirect ESOP holdings 5,269.5 shares Common stock held indirectly by ESOP
Rule 10b5-1 plan adoption date December 4, 2025 Plan governing both March 27, 2026 sales
Rule 10b5-1 trading plan financial
"occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
ESOP financial
"nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
indirect ownership financial
"ownership_type": "indirect""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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*
Dowd Brian R
(Last)(First)(Middle)
585 WEST BEACH STREET
(Street)
WATSONVILLE CALIFORNIA 95076
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock03/27/2026S2,025(1)D$118.5818,794D
Common Stock03/27/2026S4,050(2)D$12014,744D
Common Stock5,269.5IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reported sale of 2,025 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2025.
2. The reported sale of 4,050 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2025.
Remarks:
/s/ Troy Erickson, attorney-in-fact for Brian R. Dowd03/30/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Granite Construction (GVA) report for Brian R. Dowd?

Granite Construction reported that Senior Vice President Brian R. Dowd sold a total of 6,075 shares of common stock on March 27, 2026. The shares were sold in two open-market trades at $118.58 and $120.00 per share, respectively.

At what prices did Brian R. Dowd sell Granite Construction (GVA) shares?

Brian R. Dowd sold Granite Construction common stock at two prices: 2,025 shares at $118.58 per share and 4,050 shares at $120.00 per share. Both transactions were reported as open-market sales on the same date.

How many Granite Construction (GVA) shares does Brian R. Dowd hold after these sales?

Following the reported sales, Brian R. Dowd holds 14,744 shares of Granite Construction common stock directly. He also has 5,269.5 shares held indirectly through an ESOP, according to the Form 4 ownership entries for this reporting date.

Were Brian R. Dowd’s Granite Construction (GVA) share sales made under a Rule 10b5-1 plan?

Yes. The Form 4 footnotes state both the 2,025-share and 4,050-share sales occurred automatically under a Rule 10b5-1 trading plan adopted by Brian R. Dowd on December 4, 2025, indicating the transactions were pre-scheduled.

What is the nature of Brian R. Dowd’s indirect Granite Construction (GVA) holdings?

In addition to his direct holdings, Brian R. Dowd has an indirect position of 5,269.5 shares of Granite Construction common stock. These shares are held by ESOP, as indicated in the filing’s indirect ownership entry for the reporting person.

How many Granite Construction (GVA) shares did Brian R. Dowd sell in total on March 27, 2026?

On March 27, 2026, Brian R. Dowd sold a combined 6,075 shares of Granite Construction common stock. This total reflects two separate open-market transactions of 2,025 and 4,050 shares reported in the Form 4 filing.