Was cash paid for the 959-share award to Todd B. Urness at Bridgewater Bancshares (BWB)?

No cash was paid for the 959-share award. The transaction is coded as a grant or award acquisition, and the reported price per share is 0.0000, indicating a compensation-related equity grant rather than a purchase for cash.

Bridgewater Bancshares (BWB) director Todd Urness receives 959-share equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Urness Todd B. reported acquisition or exercise transactions in this Form 4 filing.

Bridgewater Bancshares director Todd B. Urness reported an equity award of 959 shares of Common Stock, received at no cash cost as a grant. After this award, he directly holds 310,218 shares, and a trust for which he serves as trustee holds 866,722 shares with his sole voting and investment power.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Urness Todd B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	959	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 310,218 shares (Direct, null); Common Stock — 866,722 shares (Indirect, By Trust)

Footnotes (1)

[object Object]

Key Figures

Equity grant: 959 shares Grant price: $0.0000 per share Direct holdings after grant: 310,218 shares +1 more

4 metrics

Equity grant 959 shares Common Stock award on 2026-06-30

Grant price $0.0000 per share Reported grant price for 959-share award

Direct holdings after grant 310,218 shares Direct Common Stock owned by Urness after transaction

Indirect trust holdings 866,722 shares Common Stock held by Todd B. Urness Revocable Trust

Key Terms

Grant, award, or other acquisition, Common Stock, Revocable Trust, sole voting and investment power, +1 more

5 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.

Revocable Trust financial

"Todd B. Urness Revocable Trust under agreement dated May 21, 2024"

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.

sole voting and investment power financial

"Mr. Urness possess sole voting and investment power with respect to the shares"

indirect ownership financial

"ownership_type: indirect"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 05:06 PM Accepted by SEC EDGAR 07/01/2026 - 05:06 PM

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^*

Urness Todd 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)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		959	A	$0	310,218	D
Common Stock								866,722	I	By Trust⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares of common stock are held by Mr. Urness as trustee of the Todd B. Urness Revocable Trust under agreement dated May 21, 2024. Mr. Urness possess sole voting and investment power with respect to the shares of common stock held by the Todd B. Urness Revocable Trust under agreement dated May 21, 2024.

	/s/ Ben Klocke, Attorney-in-Fact	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Bridgewater Bancshares (BWB) report for Todd B. Urness?

Bridgewater Bancshares reported that director Todd B. Urness received an award of 959 shares of Common Stock. The shares were granted at no cash cost, reflecting a compensation-related equity grant rather than an open-market purchase or sale.

How many Bridgewater Bancshares (BWB) shares does Todd B. Urness own directly after this filing?

After the reported grant, Todd B. Urness directly owns 310,218 shares of Bridgewater Bancshares Common Stock. This figure comes from the post-transaction balance disclosed in the filing for his direct ownership position.

What is the size of Todd B. Urness’s indirect Bridgewater Bancshares (BWB) holdings?

The filing shows 866,722 Bridgewater Bancshares Common Stock shares held indirectly by the Todd B. Urness Revocable Trust. Urness serves as trustee and has sole voting and investment power over these trust-held shares according to the disclosed footnote.

Is the trust in the Bridgewater Bancshares (BWB) filing controlled by Todd B. Urness?

Yes. The filing states that shares are held by the Todd B. Urness Revocable Trust, with Urness as trustee. The footnote explains he has sole voting and investment power over the Common Stock held by this trust arrangement.