Bridgewater CEO sells 10,000 shares at $22.48

Bridgewater Bancshares Inc (BWB) reported that CEO and director Jerry J. Baack sold 10,000 shares of Common Stock on August 17, 2026.

Rhea-AI Filing Summary

Bridgewater Bancshares Inc (BWB) reported that CEO and director Jerry J. Baack sold 10,000 shares of Common Stock on August 17, 2026. The sale was executed at a weighted average price of $22.4813 per share, with individual transaction prices ranging from $22.48 to $22.51. Following this sale, Baack directly holds 1,123,769 shares of Bridgewater Bancshares common stock and indirectly holds 1,000 shares through a dependent child, with additional indirect holdings noted as custodian for children.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 4 txns

Insider Baack Jerry J.

Role CEO

Sold 10,000 shs ($225K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	10,000	$22.4813	$225K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,123,769 shares (Direct); Common Stock — 1,000 shares (Indirect, By dependent child); Common Stock — 2,000 shares (Indirect, As custodian for child)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.48 to $22.51, 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.

Key Figures

Shares sold: 10,000 shares Weighted average sale price: $22.4813 per share Sale price range: $22.48 to $22.51 per share +3 more

6 metrics

Shares sold 10,000 shares Common Stock sale on August 17, 2026

Weighted average sale price $22.4813 per share Common Stock sale on August 17, 2026

Sale price range $22.48 to $22.51 per share Price range for multiple sale transactions on August 17, 2026

Direct holdings after transaction 1,123,769 shares Common Stock directly held by Jerry J. Baack after sale

Indirect holdings by dependent child 1,000 shares Common Stock indirectly owned through dependent child

Net shares sold 10,000 shares Net buy/sell activity reported in transaction summary

Key Terms

weighted average price, indirect, dependent child, custodian for child

4 terms

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.

indirect financial

"ownership_type": "indirect", "ownership_code": "I""

dependent child financial

"nature_of_ownership": "By dependent child""

custodian for child financial

"nature_of_ownership": "As custodian for child""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BWB CEO Jerry J. Baack report in his latest Form 4?

Jerry J. Baack reported a sale of 10,000 BWB common shares on August 17, 2026. The transaction was at a weighted average price of $22.4813 per share, with prices between $22.48 and $22.51.

At what price did the BWB CEO sell shares in this Form 4 filing?

The CEO sold shares at a weighted average price of $22.4813 per BWB share. According to the filing, individual trades occurred at prices ranging from $22.48 to $22.51 per share.

How many BWB shares does CEO Jerry J. Baack hold after the reported sale?

After the sale, Jerry J. Baack directly holds 1,123,769 shares of BWB common stock. He also has 1,000 shares reported as indirectly owned through a dependent child, plus additional indirect custodial holdings.

How many BWB shares did the CEO sell in the August 17, 2026 transaction?

The CEO sold 10,000 shares of Bridgewater Bancshares (BWB) common stock on August 17, 2026. The transaction is categorized as a sale in the open market or a private transaction under Form 4 rules.

Does the Form 4 filing show any indirect ownership of BWB shares by the CEO?

Yes. The filing shows 1,000 BWB shares indirectly owned by the CEO through a dependent child. It also reports additional indirect holdings where he acts as custodian for children, without specifying share counts.

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

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Available on EDGAR 08/18/2026 - 04:32 PM EDT Accepted by SEC EDGAR 08/18/2026 - 04:30 PM EDT Learn about SEC filing dates

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^*

Baack Jerry 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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	08/17/2026		S		10,000	D	$22.4813(1)	1,123,769	D
Common Stock								1,000	I	By dependent child
Common Stock								1,000	I	As custodian for child
Common Stock								1,000	I	As custodian for child

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 $22.48 to $22.51, 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	08/18/2026
	** 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)