Bridgewater Bancshares (BWB) director sells 6,525 shares in open-market trade

Rhea-AI Filing Summary

Bridgewater Bancshares Inc director Mary Jayne Crocker reported an open-market sale of 6,525 shares of Common Stock. The shares were sold at a weighted average price of $18.5002 per share, across multiple trades between $18.50 and $18.51. After this transaction, she directly owns 209,502 shares, indicating the sale represents a relatively small portion of her reported holdings.

Insider Trade Summary

Net Seller: 6,525 shares ($120,714)

Net Sell 1 txn

Insider Crocker Mary Jayne

Role null

Sold 6,525 shs ($121K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,525	$18.5002	$121K

Holdings After Transaction: Common Stock — 209,502 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 6,525 shares Weighted average sale price: $18.5002 per share Sale price range: $18.50–$18.51 per share +1 more

4 metrics

Shares sold 6,525 shares Open-market sale of Common Stock on May 21, 2026

Weighted average sale price $18.5002 per share Average price across multiple trades

Sale price range $18.50–$18.51 per share Prices of individual executions in the sale

Shares owned after transaction 209,502 shares Director’s direct holdings following the sale

Key Terms

Open-market sale, Weighted average price, Common Stock, Form 4

4 terms

Open-market sale financial

"transaction_action: "open-market sale" describing the Form 4 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.

Common Stock financial

"security_title: "Common Stock" for the shares sold and owned"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"footnote referencing this footnote to this Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Crocker Mary Jayne

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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)

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	05/21/2026		S		6,525	D	$18.5002(1)	209,502	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:

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 $18.51, 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.

	/s/ Ben Klocke, Attorney-in-Fact	05/22/2026
	** 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)

FAQ

What insider transaction did Bridgewater Bancshares (BWB) report for Mary Jayne Crocker?

Bridgewater Bancshares reported that director Mary Jayne Crocker sold 6,525 shares of Common Stock in an open-market transaction. The sale was disclosed on Form 4 and reflects routine portfolio activity rather than a change in her board role or responsibilities.

How many Bridgewater Bancshares (BWB) shares did the director sell and at what price?

Mary Jayne Crocker sold 6,525 Bridgewater Bancshares shares at a weighted average price of $18.5002. According to the disclosure, the trades occurred in multiple executions within a narrow price range between $18.50 and $18.51 per share.

How many Bridgewater Bancshares (BWB) shares does Mary Jayne Crocker hold after the sale?

Following the reported sale, Mary Jayne Crocker directly holds 209,502 Bridgewater Bancshares Common Stock shares. This indicates the 6,525 shares sold represent a relatively small fraction of her disclosed direct ownership position in the company.

Was the Bridgewater Bancshares (BWB) insider sale a single trade or multiple trades?

The Form 4 notes that the reported price is a weighted average, meaning the sale involved multiple trades. These trades were executed at prices ranging from $18.50 to $18.51 per share, resulting in the disclosed average sale price of $18.5002.

What type of transaction did the Bridgewater Bancshares (BWB) director report on Form 4?

The director reported an open-market sale of Common Stock, coded as an “S” transaction. This code denotes a sale in the open market or a private transaction, distinguishing it from option exercises, gifts, or tax-withholding related share dispositions.