Bridgewater Bancshares director proposes $405K sale

Todd B. Urness also reported 10,000 shares sold on October 29, 2026, with an aggregate market value of $203,419.50.

Available on EDGAR 11/05/2026 - 12:57 PM EST Accepted by SEC EDGAR 11/05/2026 - 12:57 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Todd B. Urness, a director of Bridgewater Bancshares Inc (BWB), gave notice of a proposed sale of 20,000 common shares, with an aggregate market value of $405,000 and an approximate sale date of November 5, 2026. The proposed shares are from the Todd B. Urness Rev Trust dated May 21, 2024, and Fidelity Brokerage Services LLC is named as broker.

Key Figures

Common shares proposed for sale: 20,000 shares Aggregate market value of proposed sale: $405,000 Shares outstanding: 27,880,830 shares +2 more

5 metrics

Common shares proposed for sale 20,000 shares Approximate sale date: November 5, 2026

Aggregate market value of proposed sale $405,000 Proposed sale

Shares outstanding 27,880,830 shares Listed with the proposed-sale information

Common shares sold in prior three months 10,000 shares Sale reported for October 29, 2026

Aggregate market value of prior sale $203,419.50 Sale reported for October 29, 2026

Key Terms

Rule 144, Private Placement, attorney-in-fact

3 terms

Rule 144 regulatory

"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.

Private Placement financial

"Private Placement"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

attorney-in-fact regulatory

"as attorney-in-fact for Tobb B Urness"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

How many BWB shares did Todd B. Urness propose to sell?

Todd B. Urness, a Bridgewater Bancshares director, gave notice of a proposed sale of 20,000 BWB common shares, with an aggregate market value of $405,000 and an approximate sale date of November 5, 2026. The shares are from the Todd B. Urness Rev Trust dated May 21, 2024, and Fidelity Brokerage Services LLC is named as broker.

How many BWB shares did Todd B. Urness report selling in the prior three months?

Todd B. Urness reported 10,000 BWB common shares sold on October 29, 2026, with an aggregate market value of $203,419.50 during the prior three-month period.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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	0001733123
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	Urness Todd B.
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	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	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02111	20000	405000.00	27880830	11/05/2026	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 Stock	06/10/2008	Private Placement	BWB			110478	06/10/2008	cash/check

* 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
Todd B. Urness C/O Bridgewater Bancshares Inc 4450 EXCELSIOR BLVD. St Louis MN 55416	Common	10/29/2026	10000	203419.50

144: Remarks and Signature

Remarks	shares are being sold from TODD B URNESS REV TR DATED MAY 21 2024, U/A 5/21/24
Date of Notice	11/05/2026
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/ Audrey Skillern as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Tobb B Urness
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)