Bridgewater Bancshares (BWB) director granted 1,146 Common Stock shares

Rhea-AI Filing Summary

Bridgewater Bancshares Inc director David J. Volk received a grant of 1,146 shares of Common Stock as compensation. The shares were acquired at a price of $0.00 per share, increasing his direct holdings to 32,284 shares. He also reports indirect ownership of 298 shares held by Volk Advisory Corp.

This filing reflects a grant, award, or other acquisition rather than an open-market purchase or sale, so it primarily updates his ownership position without signaling a discretionary trade.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Volk David J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,146	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 32,284 shares (Direct); Common Stock — 298 shares (Indirect, By Volk Advisory Corp)

Footnotes (1)

Key Figures

Shares granted: 1,146 shares Direct holdings after grant: 32,284 shares Indirect holdings: 298 shares +1 more

4 metrics

Shares granted 1,146 shares Grant, award, or other acquisition of Common Stock

Direct holdings after grant 32,284 shares Total Common Stock directly owned after transaction

Indirect holdings 298 shares Common Stock held indirectly by Volk Advisory Corp

Grant price per share $0.00 per share Reported transaction price for granted shares

Key Terms

Grant, award, or other acquisition, Common Stock, indirect, nature_of_ownership

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Common Stock financial

"security_title: "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.

indirect financial

"ownership_type: "indirect""

nature_of_ownership financial

"nature_of_ownership: "By Volk Advisory Corp""

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^*

Volk David 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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		1,146	A	$0	32,284	D
Common Stock								298	I	By Volk Advisory Corp

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:

	/s/ Ben Klocke, Attorney-in-Fact	03/31/2026
	** 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 did Bridgewater Bancshares (BWB) director David J. Volk report on this Form 4?

David J. Volk reported receiving a grant of 1,146 shares of Bridgewater Bancshares Common Stock. The shares were acquired at $0.00 per share as a grant or award, updating his ownership stake rather than reflecting an open-market buy or sell transaction.

How many Bridgewater Bancshares (BWB) shares did David J. Volk acquire in this transaction?

He acquired 1,146 shares of Bridgewater Bancshares Common Stock. The transaction is coded as a grant, award, or other acquisition, meaning the shares were received as compensation or similar consideration, not purchased in the open market at a cash price.

What are David J. Volk’s direct holdings in Bridgewater Bancshares (BWB) after this Form 4?

After the reported grant, David J. Volk directly holds 32,284 shares of Bridgewater Bancshares Common Stock. This figure reflects his position immediately following the 1,146-share grant acquisition disclosed in the filing for the indicated transaction date.

Does David J. Volk have any indirect ownership of Bridgewater Bancshares (BWB) shares?

Yes. The Form 4 shows indirect ownership of 298 Bridgewater Bancshares Common Stock shares. These shares are held “By Volk Advisory Corp,” indicating they are owned through that entity rather than directly in his personal name.

Was this Bridgewater Bancshares (BWB) Form 4 an open-market buy or sell by David J. Volk?

No. The Form 4 classifies the transaction with code A as a grant, award, or other acquisition. This indicates the 1,146 shares were received as compensation or similar award, not through an open-market purchase or sale on an exchange.