Bridgewater (NASDAQ: BWB) director sells 40K trust-held shares

Rhea-AI Filing Summary

Bridgewater Bancshares Inc (BWB) director David B. Juran reported indirect sales of common stock held in trusts. On August 24, 2026, a trust for which he is trustee of Marital Trust 2 sold 25,000 shares at a weighted average price of $21.7372 per share, in multiple transactions between $21.58 and $21.84. On August 21, 2026, the same trust sold 15,000 shares at a weighted average price of $21.5924 per share, in trades between $21.55 and $21.67. Separate holdings are reported in several other trusts where he serves as trustee, co-trustee, or attorney-in-fact, and a holding line shows 1,349,926 shares of common stock held directly as of August 21, 2026.

Insider Trade Summary

Net Seller: 40,000 shares

Net Sell 6 txns

Insider Juran David B.

Role Director

Sold 40,000 shs ($867K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3, F2	25,000	$21.7372	$543K
Sale	Common Stock F1, F2	15,000	$21.5924	$324K
holding	Common Stock F4	--	--	--
holding	Common Stock F5	--	--	--
holding	Common Stock F6	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 203,661 shares (Indirect, By Trust); Common Stock — 1,349,926 shares (Direct)

Footnotes (6)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.55 to $21.67, 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.
2. F2. Shares of common stock are held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement dated September 17, 2018.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.58 to $21.84, 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.
4. F4. Shares of common stock are held by Mr. Juran as co-trustee of a Residuary Trust dated June 18, 2002. Mr. Juran possesses shared voting and investment power with respect to the shares of common stock held under the trust.
5. F5. Mr. Juran is attorney-in-fact for a trustee who holds the shares of common stock as trustee of a Revocable Trust dated January 31, 2014. Mr. Juran is not a trustee of the trust, however Mr. Juran may possess investment power with respect to the shares of common stock held under the trust.
6. F6. Shares of common stock are held by Mr. Juran as trustee of Descendant's Separate Trust under a trust agreement dated September 17, 2018.

Key Figures

Shares sold August 24, 2026: 25,000 shares of Common Stock Weighted average price August 24, 2026: $21.7372 per share Shares sold August 21, 2026: 15,000 shares of Common Stock +3 more

6 metrics

Shares sold August 24, 2026 25,000 shares of Common Stock Indirect sale by Marital Trust 2, trustee David B. Juran

Weighted average price August 24, 2026 $21.7372 per share Sales executed between $21.58 and $21.84, inclusive

Shares sold August 21, 2026 15,000 shares of Common Stock Indirect sale by Marital Trust 2, trustee David B. Juran

Weighted average price August 21, 2026 $21.5924 per share Sales executed between $21.55 and $21.67, inclusive

Total shares sold 40,000 shares of Common Stock Sum of reported indirect sales on August 21 and 24, 2026

Direct holdings after transactions 1,349,926 shares of Common Stock Directly held by David B. Juran as of August 21, 2026

Key Terms

weighted average price, indirect, Marital Trust 2, Residuary Trust, +1 more

5 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

"direct_or_indirect": "I","nature_of_ownership": "By Trust""

Marital Trust 2 financial

"held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement"

Residuary Trust financial

"co-trustee of a Residuary Trust dated June 18, 2002."

Revocable Trust financial

"trustee who holds the shares of common stock as trustee of a Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What insider transactions did BWB director David B. Juran report in this Form 4?

David B. Juran reported two indirect sales totaling 40,000 shares of Bridgewater Bancshares common stock on August 21 and 24, 2026, executed from trust-held shares, plus updated disclosures of additional trust and direct share holdings.

How many BWB shares did David B. Juran sell and at what prices?

Trusts associated with David B. Juran sold 25,000 shares at $21.7372 (weighted average) on August 24, 2026 and 15,000 shares at $21.5924 (weighted average) on August 21, 2026, with individual trade prices ranging from $21.55–$21.84.

Are David B. Juran’s BWB share sales direct or through trusts?

The reported 40,000-share sales are indirect, from shares held in Marital Trust 2 where David B. Juran serves as trustee. Additional holdings are reported in other trusts where he is trustee, co-trustee, or attorney-in-fact, plus a separate direct holding line.

How many BWB shares does David B. Juran hold directly after these transactions?

A holding entry dated August 21, 2026 reports 1,349,926 shares of Bridgewater Bancshares common stock held directly by David B. Juran after the reported transactions.

Were David B. Juran’s BWB trades under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), and no footnote states that the reported trades were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What trusts related to BWB shares are associated with David B. Juran?

Footnotes describe holdings in Marital Trust 2 (trustee), a Residuary Trust dated June 18, 2002 (co-trustee with shared voting and investment power), a Revocable Trust dated January 31, 2014 (attorney-in-fact for the trustee), and a Descendant’s Separate Trust.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 06:46 PM Accepted by SEC EDGAR 08/25/2026 - 06:46 PM 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^*

Juran David B.

(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)
08/21/2026

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	08/21/2026		S		15,000	D	$21.5924(1)	106,301	I	By Trust(2)
Common Stock	08/24/2026		S		25,000	D	$21.7372(3)	81,301	I	By Trust(2)
Common Stock								10,725	I	By Trust(4)
Common Stock								95,307	I	By Trust(5)
Common Stock								16,328	I	By Trust(6)
Common Stock								1,349,926	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 $21.55 to $21.67, 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.

2. Shares of common stock are held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement dated September 17, 2018.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.58 to $21.84, 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.

4. Shares of common stock are held by Mr. Juran as co-trustee of a Residuary Trust dated June 18, 2002. Mr. Juran possesses shared voting and investment power with respect to the shares of common stock held under the trust.

5. Mr. Juran is attorney-in-fact for a trustee who holds the shares of common stock as trustee of a Revocable Trust dated January 31, 2014. Mr. Juran is not a trustee of the trust, however Mr. Juran may possess investment power with respect to the shares of common stock held under the trust.

6. Shares of common stock are held by Mr. Juran as trustee of Descendant's Separate Trust under a trust agreement dated September 17, 2018.

	/s/ Ben Klocke, Attorney-in-Fact	08/25/2026
	** 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)