Director Thomas Trutna sells 13,000 Bridgewater (BWB) shares in market trade

Rhea-AI Filing Summary

Bridgewater Bancshares director Thomas P. Trutna sold common stock in an open-market transaction. On February 10, 2026, he sold 13,000 shares of Bridgewater Bancshares, Inc. common stock at a weighted average price of $19.5147 per share in multiple trades between $19.50 and $19.63.

After this sale, Trutna directly owns 82,634 shares of Bridgewater Bancshares common stock. The filing notes that detailed trade-by-trade pricing information is available upon request from the company, any security holder, or the SEC staff.

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

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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^*

Trutna Thomas P.

(Last) (First) (Middle)

C/O BRIDGEWATER BANCSHARES, INC.

4450 EXCELSIOR BLVD., SUITE 100

(Street)

ST. LOUIS PARK MN 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/10/2026		S		13,000	D	$19.5147(1)	82,634	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 $19.50 to $19.63, 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	02/12/2026
	** 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.

FAQ

What insider transaction did Bridgewater Bancshares (BWB) report on this Form 4?

Bridgewater Bancshares reported that director Thomas P. Trutna sold 13,000 shares of common stock. The transaction occurred on February 10, 2026, as an open-market sale, and was disclosed as required for insiders under Section 16 reporting rules.

How many Bridgewater Bancshares (BWB) shares did Thomas P. Trutna sell and at what price?

Thomas P. Trutna sold 13,000 shares of Bridgewater Bancshares common stock at a weighted average price of $19.5147. The shares were sold in multiple trades, with individual prices ranging from $19.50 to $19.63 per share, according to the Form 4 footnote.

How many Bridgewater Bancshares (BWB) shares does Thomas P. Trutna own after the reported sale?

After the reported sale, Thomas P. Trutna beneficially owns 82,634 shares of Bridgewater Bancshares common stock directly. This post-transaction holding is disclosed in the Form 4 under the column for securities beneficially owned following the reported transaction.

What does the weighted average sale price mean in the Bridgewater Bancshares (BWB) Form 4?

The weighted average price of $19.5147 reflects multiple trades executed between $19.50 and $19.63 per share. It averages the various prices at which the 13,000 shares were sold, as explained in the Form 4 footnote accompanying the transaction details.

Was the Bridgewater Bancshares (BWB) insider transaction a buy or a sell?

The insider transaction was a sell. Director Thomas P. Trutna executed an open-market sale of 13,000 shares of Bridgewater Bancshares common stock on February 10, 2026, which is coded as a sale in the Form 4 transaction table.

Who is the insider involved in this Bridgewater Bancshares (BWB) Form 4 filing?

The insider is Thomas P. Trutna, identified as a director of Bridgewater Bancshares, Inc. The Form 4 indicates he is not listed as an officer or 10% owner, but reports this transaction due to his status as a company director.