Bridgewater Bancshares: Baack proposes $1.31M sale

The notice lists four prior common-share sales by Baack on August 13, August 14 and August 17, 2026.

Available on EDGAR 11/02/2026 - 09:16 AM EST Accepted by SEC EDGAR 11/02/2026 - 09:16 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Bridgewater Bancshares Inc (BWB) is named as the issuer in officer and director Jerry J. Baack’s notice of a proposed sale of 65,000 common shares through D.A. Davidson & Co.; the stated aggregate market value is $1,313,650, with an approximate sale date of November 2, 2026. The listed shares were acquired through cash stock option exercises: 30,000 shares on December 23, 2022, and 35,000 shares on March 9, 2023.

Key Figures

Proposed shares for sale: 65,000 common shares Aggregate market value: $1,313,650 Common shares outstanding: 27,960,252 shares +2 more

5 metrics

Proposed shares for sale 65,000 common shares Proposed sale by Jerry J. Baack

Aggregate market value $1,313,650 Proposed sale

Common shares outstanding 27,960,252 shares Class outstanding count shown in the securities information

Shares acquired through cash stock option exercise 30,000 shares December 23, 2022

Shares acquired through cash stock option exercise 35,000 shares March 9, 2023

Key Terms

Rule 144, Cash Stock Option Exercise, Securities To Be Sold

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Cash Stock Option Exercise financial

"Cash Stock Option Exercise"

Securities To Be Sold financial

"144: Securities To Be Sold"

FAQ

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

How many BWB shares does Jerry J. Baack propose to sell?

Jerry J. Baack proposes to sell 65,000 common shares, with a stated aggregate market value of $1,313,650 and an approximate sale date of November 2, 2026.

How did Jerry J. Baack acquire the BWB shares listed for sale?

The listed shares were acquired through cash stock option exercises: 30,000 shares on December 23, 2022, and 35,000 shares on March 9, 2023.

What BWB shares did Jerry J. Baack sell in the prior three months?

The prior-sales table lists 10,000 shares on August 13, 5,000 shares and 10,000 shares on August 14, and 10,000 shares on August 17, 2026.

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

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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	0001733126
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 BLVD. SUITE 100 ST. LOUIS PARK MINNESOTA 55416
Phone	(952) 893-6868
Name of Person for Whose Account the Securities are To Be Sold	Baack Jerry J.
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
Relationship to Issuer	Director

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	D.A. Davidson & Co Two Centerpointe Dr Suite 200 Lake Oswego OR 97035	65000	1313650.00	27960252	11/02/2026	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	12/23/2022	Cash Stock Option Exercise	Issuer			30000	12/23/2022	Cash
Common	03/09/2023	Cash Stock Option Exercise	Issuer			35000	03/09/2023	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jerry J Baack 4450 Excelsior Blvd Suite 100 St Louis Park MN 55416	Common	08/13/2026	10000	220282.00
Jerry J Baack 4450 Excelsior Blvd Suite 100 St Louis Park MN 55416	Common	08/14/2026	5000	111346.00
Jerry J Baack 4450 Excelsior Blvd Suite 100 St Louis Park MN 55416	Common	08/14/2026	10000	221872.00
Jerry J Baack 4450 Excelsior Blvd Suite 100 St Louis Park MN 55416	Common	08/17/2026	10000	224813.00

144: Remarks and Signature

Remarks
Date of Notice	11/02/2026
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	Jerry J Baack
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)