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Bridgewater Bancshares director sells 4,000 shares

A Bridgewater Bancshares director sold 4,000 indirectly held shares at about $21.38 while retaining additional direct and trust holdings.

(Neutral)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bridgewater Bancshares Inc (BWB) director Douglas J. Parish reported selling 4,000 shares of common stock on September 9, 2026 in an open-market transaction at a weighted average price of $21.38 per share, with individual sale prices ranging from $21.37 to $21.45. The sold shares were held indirectly through the Douglas J Parish Revocable Trust, where Mr. Parish serves as co-trustee and has shared voting and investment power. After these transactions, the trust holds 4,107 shares indirectly, and Mr. Parish also holds 5,894 shares directly. No Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Parish Douglas J.
Role Director
Sold 4,000 shs ($86K)
Type Security Shares Price Value
Sale Common Stock F1, F2 4,000 $21.384 $86K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 4,107 shares (Indirect, By Trust); Common Stock — 5,894 shares (Direct)
Footnotes (2)
  1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.37 to $21.45, 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.
  2. F2. Shares of common stock are held by Mr. Parish as co-trustee of the Douglas J Parish Revocable Trust, dated May 27, 2022. Mr. Parish possesses shared voting and investment power with respect to the shares of common stock held under the trust.
Shares sold 4,000 shares Common stock sold on September 9, 2026
Weighted average sale price $21.38 per share Aggregate price for 4,000 shares sold on September 9, 2026
Sale price range $21.37–$21.45 per share Individual transaction prices for the 4,000 shares sold
Indirect holdings after transaction 4,107 shares Shares held by Douglas J Parish Revocable Trust after sale
Direct holdings after transaction 5,894 shares Shares held directly by Douglas J. Parish after reported transactions
Net shares sold 4,000 shares Net change in reported non-derivative holdings in this Form 4
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.
shared voting and investment power financial
"Mr. Parish possesses shared voting and investment power with respect to the shares"
Revocable Trust financial
"Douglas J Parish Revocable Trust, dated May 27, 2022."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What did Bridgewater Bancshares (BWB) director Douglas J. Parish report on this Form 4?

He reported a sale of 4,000 shares of Bridgewater Bancshares common stock on September 9, 2026 in an open-market transaction, executed through a revocable trust where he is co-trustee with shared voting and investment power.

At what price were the 4,000 BWB shares sold by Douglas J. Parish?

The 4,000 shares were sold at a weighted average price of $21.38 per share, with individual transaction prices ranging from $21.37 to $21.45, as disclosed in the Form 4 footnote.

How many Bridgewater Bancshares (BWB) shares does Douglas J. Parish hold after this transaction?

After the reported transactions, the revocable trust holds 4,107 shares indirectly, and Douglas J. Parish also holds 5,894 shares directly of Bridgewater Bancshares common stock.

How are the sold BWB shares owned by Douglas J. Parish structured?

The 4,000 sold shares were held indirectly through the Douglas J Parish Revocable Trust, where Mr. Parish is co-trustee and has shared voting and investment power over the common stock held in the trust.

Was the BWB share sale by Douglas J. Parish under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and no footnote states that the sale was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.

Does Douglas J. Parish still own BWB shares after selling 4,000 shares?

Yes. Following the sale, the revocable trust continues to hold 4,107 shares indirectly, and Douglas J. Parish directly owns an additional 5,894 shares of Bridgewater Bancshares common stock.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Parish Douglas 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock09/09/2026S4,000D$21.384(1)4,107IBy Trust(2)
Common Stock5,894D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.37 to $21.45, 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.
2. Shares of common stock are held by Mr. Parish as co-trustee of the Douglas J Parish Revocable Trust, dated May 27, 2022. Mr. Parish possesses shared voting and investment power with respect to the shares of common stock held under the trust.
/s/ Ben Klocke, Attorney-in-Fact09/10/2026
** Signature of Reporting PersonDate
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)

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