What is the significance of the 10,088-share "A" transaction for BWB?

The "A" code shows Lisa M. Salazar acquired 10,088 shares of Bridgewater Bancshares at a stated price of $0. This typically reflects a stock grant or similar award, increasing her direct ownership position in the company’s common stock.

What were the share prices involved in the BWB COO’s Form 4 transactions?

The withholding transactions occurred at $19.63 and $19.54 per Bridgewater Bancshares share. The 10,088-share award was reported at a price of $0 per share, consistent with a granted equity award rather than an open-market purchase.

Bridgewater Bancshares (BWB) COO receives 10,088-share award, adjusts holdings

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Bridgewater Bancshares chief operating officer Lisa M. Salazar reported several stock transactions in early February 2026. On February 2, 1,062 shares of common stock were withheld at $19.63 per share, and on February 3, 427 shares were withheld at $19.54 per share, both coded "F" for shares withheld to cover taxes or similar obligations. Also on February 3, she acquired 10,088 shares of common stock in a transaction coded "A" at a stated price of $0, typically reflecting a stock award or similar grant. Following these transactions, Salazar directly owned 40,239 shares of Bridgewater Bancshares common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Salazar Lisa M

Role CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	427	$19.54	$8K
Grant/Award	Common Stock	10,088	$0.00	--
Tax Withholding	Common Stock	1,062	$19.63	$21K

Holdings After Transaction: Common Stock — 30,151 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/04/2026 - 05:39 PM

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^*

Salazar Lisa M

(Last)

(First)

(Middle)

C/O BRIDGEWATER BANCSHARES, INC.

4450 EXCELSIOR BLVD., SUITE 100

(Street)

ST. LOUIS PARK

55416

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/02/2026		F		1,062	D	$19.63	30,578	D
Common Stock	02/03/2026		F		427	D	$19.54	30,151	D
Common Stock	02/03/2026		A		10,088	A	$0	40,239	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Ben Klocke, Attorney-in-Fact	02/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did BWB COO Lisa Salazar report in this Form 4?

Lisa M. Salazar reported share withholding and a stock award. Shares were withheld on February 2 and 3, 2026, and she received a 10,088-share common stock grant, all affecting her direct ownership in Bridgewater Bancshares.

How many Bridgewater Bancshares (BWB) shares does the COO own after these trades?

After the reported transactions, Lisa M. Salazar directly owns 40,239 shares of Bridgewater Bancshares common stock. This total reflects tax-related share withholdings and a 10,088-share stock award recorded over February 2–3, 2026.

What does transaction code "F" mean in the BWB Form 4 filing?

Transaction code "F" indicates shares were withheld, often to satisfy tax or similar obligations tied to equity awards. In this filing, 1,062 and 427 Bridgewater Bancshares shares were withheld on February 2 and 3, 2026, at prices near $19.60 per share.

Were the reported BWB insider transactions direct or indirect holdings?

All reported positions are classified as direct ownership. Each transaction in the filing lists the ownership form as "D" for direct, with no indicated indirect holdings or separate entities holding the Bridgewater Bancshares shares for Lisa M. Salazar.