Bridgewater Bancshares (NASDAQ: BWB) keeps $12.4M buyback open into 2027
Rhea-AI Filing Summary
Bridgewater Bancshares, Inc. (BWB) reports that its Board of Directors has extended the expiration date of its existing 2022 Stock Repurchase Program. The program’s end date was moved from August 26, 2026 to August 25, 2027, allowing an additional year for potential share repurchases.
As of August 25, 2026, the program had $12.4 million remaining under its stock repurchase authorization. The company may repurchase common shares from time to time in open-market or privately negotiated transactions, including under Rule 10b-18 and potentially through Rule 10b5-1 trading plans, with timing and volume determined by market, regulatory, funding, and other considerations.
Positive
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Negative
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Remaining repurchase authorization: $12.4 million
New program expiration date: August 25, 2027
Prior program expiration date: August 26, 2026
3 metrics
Remaining repurchase authorization
$12.4 million
Remaining under the 2022 Stock Repurchase Program as of August 25, 2026
New program expiration date
August 25, 2027
Extended expiration of the 2022 Stock Repurchase Program
Prior program expiration date
August 26, 2026
Original expiration before extension of the 2022 Stock Repurchase Program
Key Terms
Stock repurchase program, Rule 10b-18, Rule 10b5-1, Emerging growth company
4 terms
Stock repurchase program financial
"the Company’s previously announced stock repurchase program (the “2022 Stock Repurchase Program”)"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
Rule 10b-18 regulatory
"Any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 regulatory
"Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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