Affiliate files Form 144 to sell BWB common lots

Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common Stock of BWB.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common Stock of BWB. The notice lists restricted stock lots dated 12/06/2022 (1,388 and 1,408 shares) and 12/07/2022 (1,892 shares). The filing record shows the broker as Morgan Stanley Smith Barney LLC in New York.

Key Figures

Form date: 06/05/2026 Restricted lot 1: 1,388 shares Restricted lot 2: 1,408 shares +3 more

6 metrics

Form date 06/05/2026 filing header date

Restricted lot 1 1,388 shares dated 12/06/2022 in "Securities To Be Sold"

Restricted lot 2 1,408 shares dated 12/06/2022 in "Securities To Be Sold"

Restricted lot 3 1,892 shares dated 12/07/2022 in "Securities To Be Sold"

Broker code/ID 4688 listed next to broker in filer information

Numeric entry 27,883,367 numeric field present in header of excerpt

Key Terms

Restricted Stock, Securities To Be Sold, Form 144, Issuer

4 terms

Restricted Stock financial

"Common | 12/06/2022 | Restricted Stock | Issuer"

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.

Securities To Be Sold regulatory

"144: Securities To Be Sold"

Form 144 regulatory

"CONTENT METADATA: "form_type": "144""

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Issuer financial

"Restricted Stock | Issuer | | | 1388"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the BWB Form 144 filing show?

It reports proposed resale of restricted common stock totaling listed lots. The notice lists 1,388, 1,408, and 1,892 share lots dated 12/06/2022 and 12/07/2022, and names Morgan Stanley Smith Barney LLC as the broker.

Who is the broker handling the proposed BWB sales?

The broker is Morgan Stanley Smith Barney LLC. The filing gives the broker address as 1 New York Plaza, 8th Floor, New York, NY 10004 and identifies the broker role on the Form 144 excerpt.

When were the restricted shares listed for resale in the filing?

The restricted stock lots are dated December 6 and 7, 2022. The Form 144 excerpt shows two lots dated 12/06/2022 and one lot dated 12/07/2022, with the respective share counts recorded.

Does the excerpt state how many total shares are to be sold?

The excerpt lists three share lots but does not state an aggregate total explicitly. It records 1,388, 1,408, and 1,892 share entries in the "Securities To Be Sold" section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/05/2026 - 04:11 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001732712
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	BRIDGEWATER BANCSHARES, INC.
SEC File Number	001-38412
Address of Issuer	4450 Excelsior Boulevard, Suite 100 St. Louis Park MINNESOTA 55416
Phone	(952) 893-6868
Name of Person for Whose Account the Securities are To Be Sold	NICHOLAS PLACE
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	4688	90361.20	27883367	06/05/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/06/2022	Restricted Stock	Issuer			1388	12/06/2022	Not Applicable
Common	12/06/2022	Restricted Stock	Issuer			1408	12/06/2022	Not Applicable
Common	12/07/2022	Restricted Stock	Issuer			1892	12/07/2022	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	06/05/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Nicholas L. Place
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)