Bridgewater Bancshares corrects CEO option exercises

The amendment removes a 7,067-share disposition from the prior report and states that no such disposition occurred.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

Bridgewater Bancshares Inc CEO Jerry J. Baack’s amended Form 4 reports direct acquisitions of 36,166 shares of Common Stock through an option exercise on October 22, 2026, and 17,834 shares on October 23, 2026. The transaction table lists $7.47 per share for both dates. The amendment corrects the October 22 share count and removes a previously reported disposition of 7,067 shares, stating that no such disposition occurred.

Insider Trade Summary

Exercise: 54,000 shares

Exercise 2 txns

Insider Baack Jerry J.

Role CEO

Type	Security	Shares	Price	Value
Exercise	Common Stock	17,834	$7.47	$133K
Exercise	Common Stock	36,166	$7.47	$270K

Holdings After Transaction: Common Stock — 1,177,769 shares (Direct)

Key Figures

Shares acquired: 36,166 shares Shares acquired: 17,834 shares Reported price per share: $7.47 per share +1 more

4 metrics

Shares acquired 36,166 shares Direct option exercise on October 22, 2026

Shares acquired 17,834 shares Direct option exercise on October 23, 2026

Reported price per share $7.47 per share Listed for the October 22 and October 23, 2026 acquisitions

Disposition removed by amendment 7,067 shares The amendment states that this disposition did not occur

Key Terms

exercise of an option, beneficially owned, transaction code F

3 terms

exercise of an option financial

"acquisition of 36,166 shares ... upon the exercise of an option"

beneficially owned financial

"amount of Common Stock beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

transaction code F technical

"disposition of 7,067 shares ... under transaction code F"

FAQ

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

How many BWB shares did CEO Jerry J. Baack acquire in the amended Form 4?

Jerry J. Baack acquired 36,166 shares on October 22, 2026, and 17,834 shares on October 23, 2026, through option exercises; the transaction table lists $7.47 per share for both dates.

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

Form 4 Insider Transactions: What Each Field Means →

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

Add on Google Not now

Available on EDGAR 10/30/2026 - 05:03 PM EDT Accepted by SEC EDGAR 10/30/2026 - 05:02 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baack Jerry J.

(Last) (First) (Middle)

C/O BRIDGEWATER BANCSHARES, INC.

4450 EXCELSIOR BLVD., SUITE 100

(Street)

ST. LOUIS PARK MINNESOTA 55416

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bridgewater Bancshares Inc [ BWB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/26/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/22/2026		M		36,166	A	$7.47	1,159,935	D
Common Stock	10/23/2026		M		17,834	A	$7.47	1,177,769	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

This amendment is being filed to correct the Form 4 originally filed on October 26, 2026. The original Form 4 inadvertently reported the acquisition of 29,099 shares of Common Stock upon the exercise of an option on October 22, 2026 in column 4, rather than 36,166 shares (the amount of Common Stock beneficially owned in column 5 was correctly reported), and separately inadvertently reported a disposition of 7,067 shares on that date under transaction code F. The Reporting Person acquired 36,166 shares upon exercise of the option, and no disposition of 7,067 shares occurred. Accordingly, this amendment corrects the number of shares acquired on October 22, 2026, removes the erroneously reported disposition, and corrects the amount of Common Stock beneficially owned following the October 23, 2026 transaction.

	/s/ Ben Klocke, Attorney-in-Fact	10/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)