Bridgewater (NASDAQ: BWB) director Shellberg trust sells 20,000 shares at $18.55
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bridgewater Bancshares Inc director Jeffrey D. Shellberg reported an open-market sale of common stock held in a trust he oversees. A trust for which he serves as trustee sold 20,000 shares of Bridgewater Bancshares common stock on May 21, 2026 at a weighted average price of $18.5542 per share, in multiple trades between $18.50 and $18.68. Following this sale, that trust holds 25,000 shares. Shellberg also holds 266,187 shares directly, and additional indirect holdings of 87,000 and 355,000 shares in separate trusts where he has voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($371,084)
Net Sell
4 txns
Insider
Shellberg Jeffrey D.
Role
null
Sold
20,000 shs ($371K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $18.5542 | $371K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,000 shares (Indirect, By Trust);
Common Stock — 266,187 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.50 to $18.68, inclusive. The reporting person undertakes to provide to Bridgewater Bancshares, Inc., any security holder of Bridgewater Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote to this Form 4. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024. Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $18.5542 per share
Trust holdings after sale: 25,000 shares
+3 more
6 metrics
Shares sold
20,000 shares
Open-market sale on May 21, 2026
Weighted average sale price
$18.5542 per share
Common stock sale range $18.50–$18.68
Trust holdings after sale
25,000 shares
Shares remaining in selling trust
Direct holdings
266,187 shares
Common stock held directly by Shellberg
Marital trust holdings
87,000 shares
Susan K. Shellberg Marital Trust
Family trust holdings
355,000 shares
Susan K. Shellberg Family Trust
Key Terms
open-market sale, weighted average price, voting and investment power, trustee
4 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
voting and investment power financial
"Mr. Shellberg possesses voting and investment power with respect to the shares of common stock"
trustee financial
"Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
