Was David B. Juran’s BWB share sale made under a Rule 10b5-1 trading plan?

No. The filing has the Rule 10b5-1 checkbox set to false, and there is no footnote stating that the reported sale was made pursuant to a Rule 10b5-1 trading plan.

Bridgewater Bancshares director sells 623 shares

Q: What insider transaction did Bridgewater Bancshares Inc (BWB) report for David B. Juran?

David B. Juran reported selling 623 shares of Bridgewater Bancshares common stock on September 2, 2026. The sale was executed at a weighted average price between $21.50 and $21.51 per share through a trust for which he serves as trustee.

Q: At what price were the BWB shares sold in David B. Juran’s Form 4 filing?

The Form 4 reports a weighted average price for the sale of $21.50 to $21.51 per share, with the 623 shares sold in multiple transactions within that price range.

Q: Were the BWB shares sold by David B. Juran held directly or indirectly?

The 623 shares sold were held indirectly, described as held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement dated September 17, 2018. They are reported as indirect ownership “By Trust.”

Bridgewater Bancshares director David B. Juran reported a small trust-held share sale while maintaining a direct stake of over 1.3 million shares.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Bridgewater Bancshares Inc (BWB) director David B. Juran reported an indirect sale of 623 shares of common stock on September 2, 2026 at a weighted average price between $21.50 and $21.51 per share. The shares were sold from a trust for which he serves as trustee, while he continues to hold 1,349,926 shares directly.

The filing states that the price was reported on a weighted average basis across multiple trades and that no Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Net Seller: 623 shares

Net Sell 5 txns

Insider Juran David B.

Role Director

Sold 623 shs ($13K)

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F1, F2}	623	$21.50	$13K
holding	Common Stock ^F3	--	--	--
holding	Common Stock ^F4	--	--	--
holding	Common Stock ^F5	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 201,580 shares (Indirect, By Trust); Common Stock — 1,349,926 shares (Direct)

Footnotes (5)

F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.50 to $21.51, 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. Shares of common stock are held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement dated September 17, 2018.
F3. 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.
F4. 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.
F5. 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: 623 shares Weighted average sale price range: $21.50–$21.51 per share Direct holdings after transactions: 1,349,926 shares +1 more

4 metrics

Shares sold 623 shares Indirect sale of common stock on September 2, 2026

Weighted average sale price range $21.50–$21.51 per share Price range for 623 shares sold on September 2, 2026

Direct holdings after transactions 1,349,926 shares Common stock held directly by David B. Juran as of September 2, 2026

Net shares sold 623 shares Net sell direction across reported non-derivative transactions in this Form 4

Key Terms

weighted average price, indirect ownership, attorney-in-fact, shared voting and investment power, +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 ownership financial

"Shares of common stock are held by Mr. Juran as trustee of Marital Trust 2"

attorney-in-fact regulatory

"Mr. Juran is attorney-in-fact for a trustee who holds the shares"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

shared voting and investment power financial

"Mr. Juran possesses shared voting and investment power with respect to the shares"

Revocable Trust financial

"trustee of a Revocable Trust dated January 31, 2014"

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

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

What insider transaction did Bridgewater Bancshares Inc (BWB) report for David B. Juran?

David B. Juran reported selling 623 shares of Bridgewater Bancshares common stock on September 2, 2026. The sale was executed at a weighted average price between $21.50 and $21.51 per share through a trust for which he serves as trustee.

At what price were the BWB shares sold in David B. Juran’s Form 4 filing?

The Form 4 reports a weighted average price for the sale of $21.50 to $21.51 per share, with the 623 shares sold in multiple transactions within that price range.

How many Bridgewater Bancshares (BWB) shares does David B. Juran hold directly after this transaction?

A holding entry in the filing shows that David B. Juran holds 1,349,926 shares of Bridgewater Bancshares common stock directly after the reported transactions on September 2, 2026.

Were the BWB shares sold by David B. Juran held directly or indirectly?

The 623 shares sold were held indirectly, described as held by Mr. Juran as trustee of Marital Trust 2 under a trust agreement dated September 17, 2018. They are reported as indirect ownership “By Trust.”

What other indirect Bridgewater Bancshares (BWB) holdings are associated with David B. Juran in this Form 4?

The filing lists additional indirect holdings in trusts, including a Residuary Trust where he is co-trustee with shared voting and investment power, a Revocable Trust where he is attorney-in-fact for the trustee, and a Descendant's Separate Trust where he is trustee.

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

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Available on EDGAR 09/03/2026 - 06:06 PM EDT Accepted by SEC EDGAR 09/03/2026 - 06:04 PM EDT

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)
09/02/2026

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	09/02/2026		S		623	D	$21.5⁽¹⁾	79,220	I	By Trust⁽²⁾
Common Stock								10,725	I	By Trust⁽³⁾
Common Stock								95,307	I	By Trust⁽⁴⁾
Common Stock								16,328	I	By Trust⁽⁵⁾
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)
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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.50 to $21.51, 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. 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.

4. 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.

5. 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	09/03/2026
	** 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