Bridgewater CFO sells 7,000 shares after option exercise
Bridgewater Bancshares Inc President and CFO Joseph M. Chybowski reported an exercise-and-sell transaction in company stock.
Rhea-AI Filing Summary
Bridgewater Bancshares Inc President and CFO Joseph M. Chybowski reported an exercise-and-sell transaction in company stock. He exercised options to acquire 7,000 shares of Common Stock at $7.47 per share, then sold 7,000 shares in open-market transactions at a weighted average price of $18.9594 per share.
Following these transactions, he directly holds 118,501 shares of Common Stock. He also retains unexercised options over 30,000, 20,000, and 23,000 underlying shares at exercise prices of $17.50 and $12.92, expiring between 2029 and 2032. An additional 1,000 shares are held indirectly through a spouse IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 7,000 shares ($80K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Chybowski Joseph M.
Role
PRESIDENT & CFO
Sold
7,000 shs ($133K)
Approx. gross sale proceeds
$133K
Approx. exercise cost
$52K
Approx. pre-tax spread
$80K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to buy | 7,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,000 | $7.47 | $52K |
| Sale | Common Stock | 7,000 | $18.9594 | $133K |
| holding | Option to buy | -- | -- | -- |
| holding | Option to buy | -- | -- | -- |
| holding | Option to buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to buy — 202,500 contracts for 73,000 underlying shares (Direct);
Common Stock — 118,501 shares (Direct);
Common Stock — 1,000 shares (Indirect, By Spouse IRA)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.95 to $19.02, 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.
- F2. Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
- F3. Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
- F4. Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
- F5. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
- F6. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.
Key Figures
Shares sold: 7,000 shares
Weighted average sale price: $18.9594 per share
Shares acquired via option exercise: 7,000 shares
+5 more
8 metrics
Shares sold
7,000 shares
Common Stock sold in open-market transactions
Weighted average sale price
$18.9594 per share
Price for 7,000 shares sold in multiple trades
Shares acquired via option exercise
7,000 shares
Common Stock from derivative exercise at $7.47
Exercise price
$7.47 per share
Options exercised into 7,000 Common shares
Direct holdings after transaction
125,501 shares
Common Stock directly owned following Form 4 transactions
Indirect holdings
1,000 shares
Common Stock held via spouse IRA
Options at $17.50
50,000 underlying shares
Two grants expiring on 2032-02-01
Options at $12.92
23,000 underlying shares
Grant expiring on 2029-12-06
Key Terms
weighted average price, Option to buy, Combined Incentive and Non-Statutory Stock Option Plan, Form 4, +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.
Option to buy financial
"security_title: "Option to buy" with underlying Common Stock."
Combined Incentive and Non-Statutory Stock Option Plan financial
"Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan."
Form 4 regulatory
"set forth in this 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.
open-market sale financial
"transaction_action: "open-market sale" for 7,000 Common Stock shares."
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.
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