STOCK TITAN

[8-K] Bridgewater Bancshares, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

UiPath, Inc. (PATH) – Form 144 filing

ICE Vulcan Holding Limited, which originally received founder shares on 04/21/2021, has notified the SEC of its intent to sell up to 1,000,000 Class A common shares through Morgan Stanley Smith Barney on or after 07/23/2025. At the filing’s reference price of $12.59, the block is valued at $12.59 million and equals roughly 0.22 % of UiPath’s 457.6 million shares outstanding.

The notice also details an active Rule 10b5-1 program: over the past three months the same holder executed ≈1.97 million share sales across 45 transactions, generating about $27.8 million in gross proceeds. No operating or financial metrics are provided; the signatory attests that no undisclosed material information exists.

While the proposed sale is modest relative to the float, continuing insider distribution may add incremental supply pressure and warrants monitoring by investors.

UiPath, Inc. (PATH) – Comunicazione Form 144

ICE Vulcan Holding Limited, che ha ricevuto originariamente azioni da fondatore il 21/04/2021, ha notificato alla SEC l’intenzione di vendere fino a 1.000.000 di azioni ordinarie di Classe A tramite Morgan Stanley Smith Barney a partire dal 23/07/2025. Al prezzo di riferimento indicato nella comunicazione di 12,59 $, il blocco azionario vale circa 12,59 milioni di dollari e rappresenta circa il 0,22% delle 457,6 milioni di azioni in circolazione di UiPath.

La notifica riporta anche un programma attivo secondo la Regola 10b5-1: negli ultimi tre mesi lo stesso detentore ha effettuato circa 1,97 milioni di azioni vendute in 45 transazioni, generando circa 27,8 milioni di dollari di ricavi lordi. Non sono forniti dati operativi o finanziari; il firmatario dichiara che non esistono informazioni materiali non divulgate.

Nonostante la vendita proposta sia modesta rispetto al flottante, la continua distribuzione da parte degli insider potrebbe aumentare la pressione sull’offerta e richiede attenzione da parte degli investitori.

UiPath, Inc. (PATH) – Presentación del Formulario 144

ICE Vulcan Holding Limited, que originalmente recibió acciones de fundador el 21/04/2021, ha notificado a la SEC su intención de vender hasta 1.000.000 de acciones ordinarias Clase A a través de Morgan Stanley Smith Barney a partir del 23/07/2025. Al precio de referencia del formulario de 12,59 $, el bloque está valorado en 12,59 millones de dólares y representa aproximadamente el 0,22% de las 457,6 millones de acciones en circulación de UiPath.

El aviso también detalla un programa activo bajo la Regla 10b5-1: en los últimos tres meses, el mismo titular ejecutó ventas de aproximadamente 1,97 millones de acciones en 45 transacciones, generando alrededor de 27,8 millones de dólares en ingresos brutos. No se proporcionan métricas operativas o financieras; el firmante asegura que no existe información material no divulgada.

Aunque la venta propuesta es modesta en relación con el float, la continua distribución por parte de los insiders podría añadir presión adicional en la oferta y merece seguimiento por parte de los inversores.

UiPath, Inc. (PATH) – Form 144 제출

ICE Vulcan Holding Limited는 2021년 4월 21일에 창립자 주식을 처음 받았으며, 2025년 7월 23일 이후 Morgan Stanley Smith Barney를 통해 최대 1,000,000주 클래스 A 보통주를 매도할 의사를 SEC에 통지했습니다. 제출서에 명시된 기준 가격 $12.59 기준으로 해당 주식 블록의 가치는 1,259만 달러이며, 이는 UiPath의 총 4억 5,760만 주 중 약 0.22%에 해당합니다.

해당 통지서에는 또한 활성화된 Rule 10b5-1 프로그램이 명시되어 있습니다: 지난 3개월 동안 동일한 보유자가 45건의 거래를 통해 약 197만 주를 매도하여 약 2,780만 달러의 총 수익을 창출했습니다. 운영 또는 재무 지표는 제공되지 않았으며, 서명자는 미공개 중대한 정보가 없음을 확인했습니다.

제안된 매도 규모는 유통 주식 수에 비해 적은 편이나, 내부자 지속 매도가 추가적인 공급 압력을 가할 수 있으므로 투자자들의 주의 깊은 관찰이 필요합니다.

UiPath, Inc. (PATH) – Dépôt du formulaire 144

ICE Vulcan Holding Limited, qui a initialement reçu des actions de fondateur le 21/04/2021, a informé la SEC de son intention de vendre jusqu’à 1 000 000 d’actions ordinaires de Classe A via Morgan Stanley Smith Barney à partir du 23/07/2025. Au prix de référence indiqué dans le dépôt de 12,59 $, le bloc est valorisé à 12,59 millions de dollars et représente environ 0,22 % des 457,6 millions d’actions en circulation de UiPath.

La notification détaille également un programme actif selon la règle 10b5-1 : au cours des trois derniers mois, le même détenteur a réalisé environ 1,97 million de ventes d’actions réparties sur 45 transactions, générant environ 27,8 millions de dollars de recettes brutes. Aucune donnée opérationnelle ou financière n’est fournie ; le signataire atteste qu’aucune information matérielle non divulguée n’existe.

Bien que la vente proposée soit modeste par rapport au flottant, la poursuite des distributions par les initiés pourrait exercer une pression supplémentaire sur l’offre et mérite une surveillance attentive des investisseurs.

UiPath, Inc. (PATH) – Form 144 Einreichung

ICE Vulcan Holding Limited, die ursprünglich Gründeraktien am 21.04.2021 erhalten hat, hat der SEC ihre Absicht mitgeteilt, bis zu 1.000.000 Class A Stammaktien über Morgan Stanley Smith Barney am oder nach dem 23.07.2025 zu verkaufen. Zum Referenzpreis der Einreichung von 12,59 $ wird der Block mit 12,59 Millionen Dollar bewertet und entspricht etwa 0,22 % der 457,6 Millionen ausstehenden UiPath-Aktien.

Die Mitteilung beschreibt außerdem ein aktives Rule 10b5-1 Programm: In den letzten drei Monaten hat derselbe Inhaber etwa 1,97 Millionen Aktien in 45 Transaktionen verkauft und dabei rund 27,8 Millionen Dollar Bruttoerlöse erzielt. Operative oder finanzielle Kennzahlen werden nicht angegeben; der Unterzeichner bestätigt, dass keine nicht offengelegten wesentlichen Informationen vorliegen.

Obwohl der vorgeschlagene Verkauf im Verhältnis zum Free Float moderat ist, könnte die fortlaufende Insider-Veräußerung zusätzlichen Verkaufsdruck erzeugen und sollte von Investoren überwacht werden.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Modest but steady insider selling; neutral-to-slightly negative for near-term sentiment.

The 1 million-share Form 144 equals just 0.22 % of outstanding shares, yet follows nearly 2 million shares sold in the prior quarter under a 10b5-1 plan. Aggregate insider supply of almost 3 million shares (~0.65 % of float) in four months could weigh on short-term trading, especially given PATH’s historically high float turnover. The filing contains no business updates, so valuation fundamentals remain unchanged; however, persistent distribution by a founding holder typically signals portfolio rebalancing rather than corporate weakness. Overall impact is limited but directionally negative for momentum-focused investors.

TL;DR: Filing follows Rule 144 & 10b5-1 protocols, indicating procedural compliance.

The seller disclosed the sale in advance, used a well-established broker, and referenced a pre-arranged 10b5-1 plan—hallmarks of strong governance and transparency. The representation that no material non-public information is held further mitigates insider-trading risk. Frequency of sales suggests disciplined diversification rather than abrupt exit. From a governance viewpoint, the event is routine and non-impactful.

UiPath, Inc. (PATH) – Comunicazione Form 144

ICE Vulcan Holding Limited, che ha ricevuto originariamente azioni da fondatore il 21/04/2021, ha notificato alla SEC l’intenzione di vendere fino a 1.000.000 di azioni ordinarie di Classe A tramite Morgan Stanley Smith Barney a partire dal 23/07/2025. Al prezzo di riferimento indicato nella comunicazione di 12,59 $, il blocco azionario vale circa 12,59 milioni di dollari e rappresenta circa il 0,22% delle 457,6 milioni di azioni in circolazione di UiPath.

La notifica riporta anche un programma attivo secondo la Regola 10b5-1: negli ultimi tre mesi lo stesso detentore ha effettuato circa 1,97 milioni di azioni vendute in 45 transazioni, generando circa 27,8 milioni di dollari di ricavi lordi. Non sono forniti dati operativi o finanziari; il firmatario dichiara che non esistono informazioni materiali non divulgate.

Nonostante la vendita proposta sia modesta rispetto al flottante, la continua distribuzione da parte degli insider potrebbe aumentare la pressione sull’offerta e richiede attenzione da parte degli investitori.

UiPath, Inc. (PATH) – Presentación del Formulario 144

ICE Vulcan Holding Limited, que originalmente recibió acciones de fundador el 21/04/2021, ha notificado a la SEC su intención de vender hasta 1.000.000 de acciones ordinarias Clase A a través de Morgan Stanley Smith Barney a partir del 23/07/2025. Al precio de referencia del formulario de 12,59 $, el bloque está valorado en 12,59 millones de dólares y representa aproximadamente el 0,22% de las 457,6 millones de acciones en circulación de UiPath.

El aviso también detalla un programa activo bajo la Regla 10b5-1: en los últimos tres meses, el mismo titular ejecutó ventas de aproximadamente 1,97 millones de acciones en 45 transacciones, generando alrededor de 27,8 millones de dólares en ingresos brutos. No se proporcionan métricas operativas o financieras; el firmante asegura que no existe información material no divulgada.

Aunque la venta propuesta es modesta en relación con el float, la continua distribución por parte de los insiders podría añadir presión adicional en la oferta y merece seguimiento por parte de los inversores.

UiPath, Inc. (PATH) – Form 144 제출

ICE Vulcan Holding Limited는 2021년 4월 21일에 창립자 주식을 처음 받았으며, 2025년 7월 23일 이후 Morgan Stanley Smith Barney를 통해 최대 1,000,000주 클래스 A 보통주를 매도할 의사를 SEC에 통지했습니다. 제출서에 명시된 기준 가격 $12.59 기준으로 해당 주식 블록의 가치는 1,259만 달러이며, 이는 UiPath의 총 4억 5,760만 주 중 약 0.22%에 해당합니다.

해당 통지서에는 또한 활성화된 Rule 10b5-1 프로그램이 명시되어 있습니다: 지난 3개월 동안 동일한 보유자가 45건의 거래를 통해 약 197만 주를 매도하여 약 2,780만 달러의 총 수익을 창출했습니다. 운영 또는 재무 지표는 제공되지 않았으며, 서명자는 미공개 중대한 정보가 없음을 확인했습니다.

제안된 매도 규모는 유통 주식 수에 비해 적은 편이나, 내부자 지속 매도가 추가적인 공급 압력을 가할 수 있으므로 투자자들의 주의 깊은 관찰이 필요합니다.

UiPath, Inc. (PATH) – Dépôt du formulaire 144

ICE Vulcan Holding Limited, qui a initialement reçu des actions de fondateur le 21/04/2021, a informé la SEC de son intention de vendre jusqu’à 1 000 000 d’actions ordinaires de Classe A via Morgan Stanley Smith Barney à partir du 23/07/2025. Au prix de référence indiqué dans le dépôt de 12,59 $, le bloc est valorisé à 12,59 millions de dollars et représente environ 0,22 % des 457,6 millions d’actions en circulation de UiPath.

La notification détaille également un programme actif selon la règle 10b5-1 : au cours des trois derniers mois, le même détenteur a réalisé environ 1,97 million de ventes d’actions réparties sur 45 transactions, générant environ 27,8 millions de dollars de recettes brutes. Aucune donnée opérationnelle ou financière n’est fournie ; le signataire atteste qu’aucune information matérielle non divulguée n’existe.

Bien que la vente proposée soit modeste par rapport au flottant, la poursuite des distributions par les initiés pourrait exercer une pression supplémentaire sur l’offre et mérite une surveillance attentive des investisseurs.

UiPath, Inc. (PATH) – Form 144 Einreichung

ICE Vulcan Holding Limited, die ursprünglich Gründeraktien am 21.04.2021 erhalten hat, hat der SEC ihre Absicht mitgeteilt, bis zu 1.000.000 Class A Stammaktien über Morgan Stanley Smith Barney am oder nach dem 23.07.2025 zu verkaufen. Zum Referenzpreis der Einreichung von 12,59 $ wird der Block mit 12,59 Millionen Dollar bewertet und entspricht etwa 0,22 % der 457,6 Millionen ausstehenden UiPath-Aktien.

Die Mitteilung beschreibt außerdem ein aktives Rule 10b5-1 Programm: In den letzten drei Monaten hat derselbe Inhaber etwa 1,97 Millionen Aktien in 45 Transaktionen verkauft und dabei rund 27,8 Millionen Dollar Bruttoerlöse erzielt. Operative oder finanzielle Kennzahlen werden nicht angegeben; der Unterzeichner bestätigt, dass keine nicht offengelegten wesentlichen Informationen vorliegen.

Obwohl der vorgeschlagene Verkauf im Verhältnis zum Free Float moderat ist, könnte die fortlaufende Insider-Veräußerung zusätzlichen Verkaufsdruck erzeugen und sollte von Investoren überwacht werden.

0001341317false0001341317us-gaap:CommonStockMember2025-07-232025-07-230001341317bwb:DepositarySharesMember2025-07-232025-07-2300013413172025-07-232025-07-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

July 23, 2025

Date of Report

(Date of earliest event reported)

BRIDGEWATER BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Minnesota

(State or other jurisdiction of

incorporation)

001-38412

(Commission File Number)

26-0113412

(I.R.S. Employer

Identification No.)

4450 Excelsior Boulevard, Suite 100

St. Louis Park, Minnesota

(Address of principal executive offices)

55416

(Zip Code)

Registrant’s telephone number, including area code: (952) 893-6868

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class: 

      

Trading Symbol

    

Name of each exchange on which registered: 

Common Stock, $0.01 Par Value

Depositary Shares, each representing a 1/100th interest in a share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series A

 

BWB

BWBBP

 

The NASDAQ Stock Market LLC

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02           Results of Operations and Financial Condition.

On July 23, 2025, Bridgewater Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished in this item of this Form 8-K, and the related exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item 7.01           Regulation FD Disclosure.

The Company hereby furnishes the Investor Presentation attached hereto as Exhibit 99.2.

The information furnished in this item of this Form 8-K, and the related exhibits, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item 8.01           Other Events.

On July 22, 2025, the Board of Directors of the Company extended the expiration date of the Company’s previously announced stock repurchase program (the “2022 Stock Repurchase Program”) from August 20, 2025 to August 26, 2026. As of July 22, 2025, the Stock Repurchase Program had $13.1 million remaining under its stock repurchase authorization.

Under the 2022 Stock Repurchase Program, the Company may repurchase shares of its common stock from time to time in the open market or privately negotiated transactions. Any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable legal requirements. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including general market and economic conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company. The Company may, in its discretion, begin, suspend or terminate repurchases at any time prior to the 2022 Stock Repurchase Program’s expiration, without any prior notice.

On July 23, 2025, in its 2025 second quarter earnings release, the Company announced that its Board of Directors had declared a quarterly cash dividend on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”). The quarterly cash dividend of $36.72 per share, equivalent to $0.3672 per depository share, each representing a 1/100th interest in a share of the Series A Preferred Stock (Nasdaq: BWBBP), is payable on September 2, 2025, to shareholders of record of the Series A Preferred Stock at the close of business on August 15, 2025. 

2

Item 9.01           Financial Statements and Exhibits.

(d)          Exhibits

Exhibit 99.1

Press Release of Bridgewater Bancshares, Inc., dated July 23, 2025, regarding second quarter 2025 financial results

Exhibit 99.2

Earnings Presentation dated July 23, 2025

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Bridgewater Bancshares, Inc.

Date: July 23, 2025

By: /s/ Jerry Baack

Name: Jerry Baack

Title: Chairman and Chief Executive Officer

4

FAQ

How many UiPath (PATH) shares are being registered for sale?

The Form 144 covers 1,000,000 Class A common shares.

What is the estimated market value of the proposed sale?

At $12.59 per share, the block is valued at $12.59 million.

When could the insider begin selling the shares?

The approximate sale date listed is 07/23/2025 on the NYSE.

How significant is the sale relative to UiPath’s share count?

The filing represents about 0.22 % of the 457.6 million shares outstanding.

Were there other recent insider sales?

Yes. The same holder sold ≈1.97 million shares over the last three months under a Rule 10b5-1 program.
Bridgewater Banc

NASDAQ:BWBBP

BWBBP Rankings

BWBBP Latest News

BWBBP Latest SEC Filings

BWBBP Stock Data

2.76M
Banks - Regional
State Commercial Banks
Link
United States
ST. LOUIS PARK