Bridgewater Bancshares director proposes $206K sale

The securities are listed as having been acquired from the issuer in a private placement on June 10, 2008.

Rhea-AI Filing Summary

Bridgewater Bancshares Inc director Todd Urness reported a proposed sale of 10,000 common shares, with an aggregate market value of $206,200. The notice lists October 29, 2026 as the approximate sale date, Fidelity Investments as broker, and NASDAQ as the exchange. The securities information reports 27,880,830 shares outstanding.

Key Figures

Common shares proposed for sale: 10,000 shares Aggregate market value: $206,200 Shares outstanding: 27,880,830 shares +1 more

4 metrics

Common shares proposed for sale 10,000 shares Approximate sale date: October 29, 2026

Aggregate market value $206,200 Proposed sale

Shares outstanding 27,880,830 shares Common stock

Common shares acquired 120,478 shares Private placement from the issuer on June 10, 2008

Key Terms

Private Placement, Rule 144, attorney-in-fact

3 terms

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.

Rule 144 regulatory

"sales are required by paragraph (e) 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.

attorney-in-fact regulatory

"as attorney-in-fact for Todd 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 Urness propose to sell?

Todd Urness, a director of Bridgewater Bancshares Inc (BWB), listed 10,000 common shares for proposed sale, with an aggregate market value of $206,200. The approximate sale date is October 29, 2026; Fidelity Investments is named as broker and NASDAQ as the exchange.

How were the 120,478 BWB shares acquired?

The acquisition entry lists 120,478 common shares acquired from the issuer in a private placement on June 10, 2008, with payment by cash/check.

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

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Available on EDGAR 10/29/2026 - 02:36 PM EDT Accepted by SEC EDGAR 10/29/2026 - 02:36 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	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 Boulevard ste 100 St Louis Park MINNESOTA 55416
Phone	9528936868
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 Investments 245 Summer St Boston MA 02210	10000	206200.00	27880830	10/29/2026	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	06/10/2008	Private Placement	Issuer			120478	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	10/29/2026
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	Jason Coleman as a duly authorized representative of National Financial Services LLC, as attorney-in-fact for Todd Urness
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)