Bridgewater Bancshares (BWB) COO sells 4,162 shares in open-market trade

Rhea-AI Filing Summary

Bridgewater Bancshares Inc Chief Operating Officer Lisa M. Salazar reported an open-market sale of Common Stock. She sold 4,162 shares on May 8, 2026 at a weighted average price of $18.5513 per share. After this transaction, she directly holds 36,077 shares.

The shares were sold in multiple trades within a narrow price range from $18.5200 to $18.5704, and the weighted average price reflects those individual executions.

Insider Trade Summary

Net Seller: 4,162 shares ($77,211)

Net Sell 1 txn

Insider Salazar Lisa M

Role CHIEF OPERATING OFFICER

Sold 4,162 shs ($77K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,162	$18.5513	$77K

Holdings After Transaction: Common Stock — 36,077 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 4,162 shares Weighted average sale price: $18.5513 per share Shares owned after transaction: 36,077 shares +1 more

4 metrics

Shares sold 4,162 shares Open-market sale on May 8, 2026

Weighted average sale price $18.5513 per share Common Stock sale on May 8, 2026

Shares owned after transaction 36,077 shares Direct ownership following reported sale

Trade price range $18.5200–$18.5704 per share Multiple executions underlying weighted average price

Key Terms

open-market sale, weighted average price, Common Stock, Form 4

4 terms

open-market sale financial

"The transaction action is identified as an open-market sale of 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 is a weighted average price based on multiple trades."

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

"The reported transaction involves shares of Common Stock."

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

"Details of the transaction are disclosed in a Form 4 insider report."

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^*

Salazar Lisa M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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	05/08/2026		S		4,162	D	$18.5513(1)	36,077	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 $18.5200 to $18.5704, 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	05/11/2026
	** 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 Lisa M. Salazar?

Bridgewater Bancshares reported that COO Lisa M. Salazar sold 4,162 shares of Common Stock. The open-market sale occurred on May 8, 2026, and was reported on Form 4 as a routine Section 16 insider transaction.

At what price did Lisa M. Salazar sell Bridgewater Bancshares (BWB) shares?

Lisa M. Salazar sold 4,162 Bridgewater Bancshares shares at a weighted average price of $18.5513. Individual trades were executed between $18.5200 and $18.5704 per share, resulting in the reported average selling price.

How many Bridgewater Bancshares (BWB) shares does Lisa M. Salazar own after the sale?

After the May 8, 2026 sale, Lisa M. Salazar directly owns 36,077 shares of Bridgewater Bancshares Common Stock. This figure reflects her holdings immediately following the reported open-market transaction on Form 4.

What type of transaction did Lisa M. Salazar execute in Bridgewater Bancshares (BWB) stock?

Lisa M. Salazar executed an open-market sale of Bridgewater Bancshares Common Stock. The Form 4 identifies the transaction code as “S,” meaning a sale in the open market or a private transaction under SEC reporting rules.

What does the weighted average price mean in Lisa M. Salazar’s Bridgewater Bancshares (BWB) sale?

The weighted average price of $18.5513 reflects multiple trades executed between $18.5200 and $18.5704 per share. The Form 4 notes that detailed trade-by-trade prices are available upon request from the company, any security holder, or SEC staff.