Director EVP Shellberg reports sale; holds 317,390 shares via trusts
Rhea-AI Filing Summary
Bridgewater Bancshares insider transaction: Jeffrey D. Shellberg, a director and the EVP and Chief Credit Officer, reported a sale of 6,040 shares of Bridgewater Bancshares common stock on 08/22/2025 at a weighted average price of $16.0923 per share. The Form 4 shows Mr. Shellberg beneficially owns 317,390 shares indirectly as trustee of the Jeffrey D. Shellberg Trust, plus additional trust holdings listed as 87,000 and 65,000 shares in two Susan K. Shellberg trusts. The filing was signed by attorney-in-fact Ben Klocke on 08/22/2025.
Positive
- Transparent disclosure of the weighted-average sale price and offer to provide per-price breakdowns upon request
- Significant retained beneficial ownership reported indirectly via trusts (317,390; 87,000; 65,000 shares)
- Proper Form 4 filing executed and signed by attorney-in-fact on the transaction date
Negative
- Insider sale of 6,040 shares on 08/22/2025, which reduces the reporting person’s direct holdings
- No company-wide context provided (total outstanding shares or percentage ownership not disclosed in this filing)
Insights
TL;DR: A company insider sold a modest block of shares while retaining significant indirect holdings via trusts.
Mr. Shellberg reported a sale of 6,040 shares at a weighted average price of $16.0923, with total reported indirect beneficial ownership of 317,390 shares and two additional trust holdings of 87,000 and 65,000 shares. The disclosure is routine and complies with Section 16 reporting; without company-level share count or recent trading context, this single sale is not clearly material to valuation.
TL;DR: Reporting is complete and indicates retained control via multiple trusts, consistent with standard insider stewardship.
The Form 4 identifies Mr. Shellberg as both a director and an officer and documents voting and investment power over shares held in three trusts. The sale was executed by an attorney-in-fact and the filing includes required explanatory footnotes about trust arrangements and weighted average sale price, supporting transparency around beneficial ownership and related-party control structures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,040 | $16.0923 | $97K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.01 to $16.22, 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. Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024. Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024.
