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Willdan Group (WLDN) director Cynthia Downes receives 1,241 restricted shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Downes Cynthia reported acquisition or exercise transactions in this Form 4 filing.

Willdan Group director Cynthia Downes received a grant of restricted stock. She was awarded 1,241 shares of Willdan Group, Inc. common stock on June 17, 2026 as a compensation-related grant with no purchase price.

The 1,241 restricted shares vest on June 17, 2027. After this award, Downes directly holds a total of 10,150 shares of Willdan Group common stock, showing a modest increase in her equity stake tied to future service with the company.

Positive

  • None.

Negative

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Insider Downes Cynthia
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,241 $0.00 --
Holdings After Transaction: Common Stock — 10,150 shares (Direct, null)
Footnotes (1)
  1. Represents shares of restricted stock awarded to the Reporting Person by the Issuer on June 17, 2026, which vest on June 17, 2027. Includes 1,241 shares of restricted stock that vest on June 17, 2027.
Restricted stock granted 1,241 shares Awarded June 17, 2026 to director Cynthia Downes
Post-transaction holdings 10,150 shares Total common stock directly held after grant
Grant price $0.0000 per share Compensation-related award, no purchase price
Vesting date June 17, 2027 Vesting for 1,241 restricted shares
restricted stock financial
"Represents shares of restricted stock awarded to the Reporting Person by the Issuer on June 17, 2026, which vest on June 17, 2027."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"Represents shares of restricted stock awarded to the Reporting Person by the Issuer on June 17, 2026, which vest on June 17, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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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).
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*
Downes Cynthia

(Last)(First)(Middle)
2401 E. KATELLA AVE
SUITE 300

(Street)
ANAHEIM CALIFORNIA 92806

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Willdan Group, Inc. [ WLDN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
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 Stock06/17/2026A1,241(1)A$010,150(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock awarded to the Reporting Person by the Issuer on June 17, 2026, which vest on June 17, 2027.
2. Includes 1,241 shares of restricted stock that vest on June 17, 2027.
/s/ Creighton K. Early, Attorney-in-fact for Cynthia A. Downes06/18/2026
** 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)

FAQ

What insider transaction did Willdan Group (WLDN) report for Cynthia Downes?

Willdan Group reported that director Cynthia Downes received a grant of 1,241 shares of restricted common stock on June 17, 2026. This is a compensation-related equity award, not an open-market purchase or sale of shares.

When do Cynthia Downes’s new Willdan Group (WLDN) restricted shares vest?

The 1,241 restricted shares awarded to director Cynthia Downes vest on June 17, 2027. Vesting means the shares become fully owned at that date, assuming applicable service or conditions are satisfied through the vesting period.

How many Willdan Group (WLDN) shares does Cynthia Downes hold after the Form 4 transaction?

After the reported grant, Cynthia Downes directly holds 10,150 shares of Willdan Group common stock. This total includes the 1,241 restricted shares that are scheduled to vest on June 17, 2027, increasing her overall equity stake.

Was Cynthia Downes’s Willdan Group (WLDN) transaction a market purchase or sale?

No, the transaction was not a market purchase or sale. It was an equity award coded as a grant or other acquisition, with 1,241 restricted shares granted at no purchase price as part of her director compensation package.

What type of security did Cynthia Downes receive from Willdan Group (WLDN)?

Cynthia Downes received common stock in the form of restricted shares. The award covers 1,241 shares of Willdan Group, Inc. common stock that are subject to vesting, becoming fully owned on June 17, 2027 if conditions are met.