Bridgewater Bancshares (NASDAQ: BWB) COO adds 1,931 shares via options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bridgewater Bancshares Inc chief operating officer Lisa M. Salazar exercised stock options and increased her common share holdings. She exercised options to acquire 1,931 shares of common stock at $12.94 per share, bringing her direct ownership to 38,008 common shares. After this transaction she still holds unexercised options covering 25,000 shares at an exercise price of $17.50 expiring on February 1, 2032, and options covering 17,000 shares at $12.92 expiring on December 6, 2029, all granted under the company’s equity incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,931 shares exercised/converted
Mixed
4 txns
Insider
Salazar Lisa M
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Option to buy | 1,931 | $0.00 | -- |
| Exercise | Common Stock | 1,931 | $12.94 | $25K |
| holding | Option to buy | -- | -- | -- |
| holding | Option to buy | -- | -- | -- |
Holdings After Transaction:
Option to buy — 20,366 shares (Direct, null);
Common Stock — 38,008 shares (Direct, null)
Footnotes (1)
- Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan. Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2018. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 02/01/2022.
Key Figures
Options exercised: 1,931 shares at $12.94
Direct common shares after transaction: 38,008 shares
Unexercised options at $17.50: 25,000 underlying shares
+2 more
5 metrics
Options exercised
1,931 shares at $12.94
Common stock acquired via option exercise on transaction date
Direct common shares after transaction
38,008 shares
Total common stock held directly following option exercise
Unexercised options at $17.50
25,000 underlying shares
Options expiring February 1, 2032 under equity plan
Unexercised options at $12.92
17,000 underlying shares
Options expiring December 6, 2029 under equity plan
Total options exercised in filing
1,931 shares
Exercise of in-the-money derivative security (code X/M)
Key Terms
Option to buy, derivative security, in-the-money derivative exercise, 2017 Combined Incentive and Non-Statutory Stock Option Plan, +1 more
5 terms
Option to buy financial
"security_title": "Option to buy""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
in-the-money derivative exercise financial
"transaction_action": "in-the-money derivative exercise""
2017 Combined Incentive and Non-Statutory Stock Option Plan financial
"Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan."
expiration date financial
"expiration_date": "2032-02-01T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did BWB executive Lisa M. Salazar report in this Form 4 filing?
Lisa M. Salazar reported exercising stock options to acquire 1,931 shares of Bridgewater Bancshares common stock. This derivative exercise increased her directly held shares and updated her remaining option positions under the company’s equity incentive plans.
What options did Lisa M. Salazar exercise in the latest BWB Form 4?
She exercised options for 1,931 shares of Bridgewater Bancshares common stock at an exercise price of $12.94 per share. The Form 4 classifies this as an exercise of an in-the-money derivative security, increasing her non-derivative common stock holdings.
What unexercised stock options does Lisa M. Salazar still hold in BWB?
She continues to hold unexercised options over 25,000 shares at $17.50 expiring February 1, 2032, and 17,000 shares at $12.92 expiring December 6, 2029. These options were granted under Bridgewater’s 2017 Combined Incentive and Non-Statutory Stock Option Plan.
Does the Form 4 for BWB show any open-market buying or selling by Lisa M. Salazar?
The Form 4 reflects an option exercise that added 1,931 common shares to Lisa M. Salazar’s holdings, but it does not report any open-market purchases or sales. The transactions are described as derivative exercises and related holdings.