Bridgewater CEO sells 25,000 Bridgewater Bancshares shares

Bridgewater Bancshares Inc CEO and director Jerry J. Baack reported open-market sales of company common stock.

Rhea-AI Filing Summary

Bridgewater Bancshares Inc CEO and director Jerry J. Baack reported open-market sales of company common stock. On August 13, 2026, he sold 10,000 shares at a weighted average price of $22.0282 per share, in multiple trades at prices from $22.00 to $22.11. On August 14, 2026, he sold an additional 15,000 shares at a weighted average price of $22.2146, in trades between $22.10 and $22.30. The filing also lists indirect holdings, including 1,000 shares held by a dependent child and additional indirect positions as custodian for children.

Insider Trade Summary

Net Seller: 25,000 shares

Net Sell 5 txns

Insider Baack Jerry J.

Role CEO

Sold 25,000 shs ($554K)

Type	Security	Shares	Price	Value
Sale	Common Stock F2	15,000	$22.2146	$333K
Sale	Common Stock F1	10,000	$22.0282	$220K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,133,769 shares (Direct); Common Stock — 1,000 shares (Indirect, By dependent child); Common Stock — 2,000 shares (Indirect, As custodian for child)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.11, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.10 to $22.30, 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.

Key Figures

Shares sold on 2026-08-13: 10,000 shares Weighted average price 2026-08-13: $22.0282 per share Shares sold on 2026-08-14: 15,000 shares +3 more

6 metrics

Shares sold on 2026-08-13 10,000 shares Open-market sale of common stock by CEO Jerry J. Baack

Weighted average price 2026-08-13 $22.0282 per share Multiple transactions between $22.00 and $22.11

Shares sold on 2026-08-14 15,000 shares Open-market sale of common stock by CEO Jerry J. Baack

Weighted average price 2026-08-14 $22.2146 per share Multiple transactions between $22.10 and $22.30

Indirect holding by dependent child 1,000 shares Common stock held indirectly by dependent child

Total shares sold in filing 25,000 shares Sum of reported open-market sales on August 13 and 14, 2026

Key Terms

weighted average price, open market or private transaction, indirect, dependent child, +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.

open market or private transaction financial

"Sale in open market or private transaction"

indirect financial

"total_shares_following_transaction: 1000.0000, direct_or_indirect: I"

dependent child financial

"nature_of_ownership: By dependent child"

custodian for child financial

"nature_of_ownership: As custodian for child"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Bridgewater Bancshares (BWB) report in this Form 4?

The Form 4 reports that CEO Jerry J. Baack sold 25,000 shares of Bridgewater Bancshares common stock over two days in August 2026, via open-market transactions at weighted average prices slightly above $22 per share.

On what dates did the BWB CEO sell shares and how many each day?

Jerry J. Baack sold BWB common stock on August 13, 2026 and August 14, 2026. He sold 10,000 shares on August 13 and 15,000 shares on August 14, according to the Form 4 filing.

What prices were received in the recent Bridgewater Bancshares (BWB) insider sales?

The August 13 sale had a weighted average price of $22.0282 per share, with trades between $22.00 and $22.11. The August 14 sale averaged $22.2146 per share, with trades between $22.10 and $22.30, as disclosed in the footnotes.

Does the BWB Form 4 describe the CEO’s indirect holdings?

Yes. The filing shows 1,000 shares of Bridgewater Bancshares common stock held indirectly by a dependent child, and additional indirect positions held as custodian for children, indicating family-related ownership outside his direct account.

Were the Bridgewater Bancshares (BWB) insider transactions single trades or multiple trades?

Both insider sales were executed in multiple transactions. The Form 4 notes that the reported per-share prices are weighted averages, with underlying trade prices within specified ranges around $22, and details available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/14/2026 - 05:14 PM EDT Accepted by SEC EDGAR 08/14/2026 - 05:13 PM EDT 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^*

Baack Jerry 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
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

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	08/13/2026		S		10,000	D	$22.0282(1)	1,148,769	D
Common Stock	08/14/2026		S		15,000	D	$22.2146(2)	1,133,769	D
Common Stock								1,000	I	By dependent child
Common Stock								1,000	I	As custodian for child
Common Stock								1,000	I	As custodian for child

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 $22.00 to $22.11, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.10 to $22.30, 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	08/14/2026
	** 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)