[144] Bridgewater Bancshares, Inc. SEC Filing

Rhea-AI Filing Summary

Bridgewater Bancshares, Inc. (BWBBP) submitted a Form 144 notice reporting a proposed sale of 1,332 common shares through Morgan Stanley Smith Barney LLC on the NASDAQ with an aggregate market value of $21,615.25. The filer reports total outstanding shares of 27,482,534. The shares were originally acquired as restricted stock on December 6, 2020 (700 shares) and December 6, 2023 (632 shares). No securities were reported sold in the past three months. The filer affirms they are unaware of undisclosed material adverse information and includes the standard Rule 144 representations regarding trading plans and criminal penalties for misstatement.

Positive

• Filed Form 144 disclosing proposed sale of 1,332 common shares
• Includes acquisition dates and restricted-stock origin for all shares
• Broker and planned sale date (08/25/2025) are specified

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider sale notice—disclosure only, likely immaterial to company valuation.

The Form 144 documents a proposed disposal of 1,332 restricted shares valued at $21,615.25 via Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists total shares outstanding of 27,482,534, which positions this sale as a de minimis fraction of the outstanding base based on the numbers provided. The notice contains acquisition dates and the restricted-stock nature of the holdings, and confirms no sales in the prior three months. From an analyst perspective, this filing is routine disclosure under Rule 144 and does not by itself provide evidence of material company developments.

Compliance / Corporate Governance Expert

TL;DR: Form 144 properly documents the proposed sale and the filer’s legal attestations under Rule 144.

The filing identifies the broker, sale date, class of securities, acquisition history, and the Rule 144 attestation that no undisclosed material adverse information is known. It also notes the absence of reportable sales in the prior three months. For governance and compliance review, the form appears to include the standard required fields for a Form 144 notice, including restricted-stock acquisition dates and dealer information, supporting regulatory transparency for an insider sale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1332	21615.25	27482534	08/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/06/2023	Restricted Stock	Issuer			632	12/06/2023	Not Applicable
Common	12/06/2020	Restricted Stock	Issuer			700	12/06/2020	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Bridgewater Bancshares (BWBBP) report in this Form 144?

The filing reports a proposed sale of 1,332 common shares valued at $21,615.25 to be sold through Morgan Stanley Smith Barney LLC on 08/25/2025 on the NASDAQ.

How were the shares being sold originally acquired?

The shares were acquired as restricted stock: 700 shares on 12/06/2020 and 632 shares on 12/06/2023.

Does the filer report any sales of the issuer’s securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

Who is the broker handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.

What attestation does the filer make in the Form 144?

The filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed and includes standard Rule 144 and Rule 10b5-1 plan language.