Bridgewater Bancshares (BWB) director sells 17,426 trust-held shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bridgewater Bancshares Inc director Jeffrey D. Shellberg reported open-market sales of company common stock held in family trusts. Trusts for which he serves as trustee sold 9,252 shares on May 6, 2026 at a weighted average price of $18.4512 and 8,174 shares on May 7, 2026 at a weighted average price of $18.4503, totaling 17,426 shares. After these transactions, one trust reported holding 45,000 shares, while separate entries show Shellberg with 266,187 shares held directly and additional indirect holdings of 87,000 and 355,000 shares in other trusts where he has voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,426 shares ($321,523)
Net Sell
5 txns
Insider
Shellberg Jeffrey D.
Role
null
Sold
17,426 shs ($322K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,174 | $18.4503 | $151K |
| Sale | Common Stock | 9,252 | $18.4512 | $171K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,000 shares (Indirect, By Trust);
Common Stock — 266,187 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.45 to $18.61, 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. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.45 to $18.55, 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. Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024.
Key Figures
Total shares sold: 17,426 shares
May 6, 2026 sale: 9,252 shares at $18.4512
May 7, 2026 sale: 8,174 shares at $18.4503
+4 more
7 metrics
Total shares sold
17,426 shares
Open-market sales by family trusts in May 2026
May 6, 2026 sale
9,252 shares at $18.4512
Weighted average price, open-market sale
May 7, 2026 sale
8,174 shares at $18.4503
Weighted average price, open-market sale
Trust holding after sale
45,000 shares
Susan K. Shellberg Marital Trust after May 7, 2026 sale
Direct holding
266,187 shares
Common stock held directly as of May 6, 2026
Other indirect holding
87,000 shares
Shares held in a family trust where Shellberg is trustee
Additional indirect holding
355,000 shares
Shares held in another family trust where Shellberg is trustee
Key Terms
open-market sale, weighted average price, indirect ownership, voting and investment power, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock"
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.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By Trust""
voting and investment power financial
"Mr. Shellberg possesses voting and investment power with respect to the shares"
Form 4 regulatory
"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.
