Granite Construction (NYSE: GVA) CEO sells 38,675 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Granite Construction Inc. President & CEO Kyle T. Larkin sold 38,675 shares of common stock in open-market transactions. The sales occurred on March 27 and March 30, 2026 at weighted-average prices generally between about $115 and $119 per share. According to a footnote, the 38,675-share sale was executed automatically under a Rule 10b5-1 trading plan that Larkin adopted on December 3, 2025. After these transactions, he directly holds 102,857 shares of Granite Construction common stock.

Insider Trade Summary 10b5-1

Net Seller: 38,675 shares ($4,548,598)

Net Sell 7 txns

Insider Larkin Kyle T

Role President & CEO

Sold 38,675 shs ($4.55M)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,846	$115.716	$214K
Sale	Common Stock	8,290	$116.464	$965K
Sale	Common Stock	1,588	$117.091	$186K
Sale	Common Stock	300	$118.73	$36K
Sale	Common Stock	13,066	$117.802	$1.54M
Sale	Common Stock	12,285	$118.339	$1.45M
Sale	Common Stock	1,300	$119.188	$155K

Holdings After Transaction: Common Stock — 113,035 shares (Direct)

Footnotes (1)

The reported sale of 38,675 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $117.60 to $117.98, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $118.00 to $118.93, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $119.05 to $119.49, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $115.01 to $115.956, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $116.05 to $116.99, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.88, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

Key Figures

Shares sold: 38,675 shares Remaining holdings: 102,857 shares Sale price example: $117.802 per share +2 more

5 metrics

Shares sold 38,675 shares Total common stock sold across 7 open-market transactions

Remaining holdings 102,857 shares Direct common stock owned after March 30, 2026 transactions

Sale price example $117.802 per share 13,066-share sale on March 27, 2026

Sale price range example $117.60–$117.98 Weighted-average price range noted in one footnote

Additional sale block 12,285 shares at $118.339 Open-market sale on March 27, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Common Stock, +1 more

5 terms

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.

weighted average price financial

"The price reported represents the weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

net-sell financial

""netBuySellDirection": "net-sell""

Form 4 Insider Transactions: What Each Field Means →

03/30/2026 - 06:30 PM

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^*

Larkin Kyle T

(Last)

(First)

(Middle)

585 W. 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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/27/2026		S		13,066⁽¹⁾	D	$117.802⁽²⁾	128,466	D
Common Stock	03/27/2026		S		12,285⁽¹⁾	D	$118.339⁽³⁾	116,181	D
Common Stock	03/27/2026		S		1,300⁽¹⁾	D	$119.188⁽⁴⁾	114,881	D
Common Stock	03/30/2026		S		1,846⁽¹⁾	D	$115.716⁽⁵⁾	113,035	D
Common Stock	03/30/2026		S		8,290⁽¹⁾	D	$116.464⁽⁶⁾	104,745	D
Common Stock	03/30/2026		S		1,588⁽¹⁾	D	$117.091⁽⁷⁾	103,157	D
Common Stock	03/30/2026		S		300⁽¹⁾	D	$118.73	102,857	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported sale of 38,675 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025.

2. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $117.60 to $117.98, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

3. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $118.00 to $118.93, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

4. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $119.05 to $119.49, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

5. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $115.01 to $115.956, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

6. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $116.05 to $116.99, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

7. The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.88, inclusive. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.

Remarks:

	/s/ Troy Erickson, attorney-in-fact for Kyle T. Larkin	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GVA CEO Kyle T. Larkin report?

Kyle T. Larkin reported selling 38,675 shares of Granite Construction common stock. These were open-market sales spread across March 27 and March 30, 2026, as reflected in multiple Form 4 line items with specific share amounts and weighted-average sale prices for each transaction.

How many Granite Construction (GVA) shares did the CEO sell and at what prices?

The CEO sold a total of 38,675 common shares. Individual line items show sales such as 13,066 shares at about $117.802 and 12,285 shares at about $118.339, with other blocks sold around $115–$119 per share at reported weighted-average prices.

Was the Granite Construction (GVA) CEO’s stock sale under a Rule 10b5-1 plan?

Yes. A footnote states the reported sale of 38,675 shares occurred automatically under a Rule 10b5-1 trading plan. That plan was adopted by the reporting person on December 3, 2025, and governed the execution of these transactions according to its pre-established terms.

How many Granite Construction (GVA) shares does the CEO still own after the sale?

After the reported transactions, Kyle T. Larkin directly owns 102,857 shares of Granite Construction common stock. This post-transaction holding is shown in the Form 4 as the total shares following the final sale entry dated March 30, 2026, for his direct ownership.

Over what dates did the Granite Construction (GVA) CEO sell his shares?

The CEO’s reported open-market sales took place on March 27, 2026, and March 30, 2026. Several transaction lines on each date detail the number of shares sold and the corresponding weighted-average prices, together totaling 38,675 shares of common stock sold.

What is the nature of the GVA CEO’s reported transactions (buy or sell)?

All reported transactions are open-market sales of common stock. Each entry shows transaction code “S,” identified as a sale in the open market or a private transaction, and the summary section records 38,675 net shares as a “net-sell” across seven separate sale transactions.