Bridgewater director exercises 22K stock options
Shellberg still holds options covering 95,118 shares at a $7.47 exercise price expiring Sept. 30, 2027, per the filing.
Rhea-AI Filing Summary
Bridgewater Bancshares Inc (BWB) director Jeffrey D. Shellberg reported option exercises and related share withholdings on August 31, 2026. He exercised options covering 22,350 shares of common stock (16,100 at $17.50 and 6,250 at $12.92 per share), and 17,206 shares of common stock were delivered or withheld for payment of exercise price or tax liability at $21.07 per share. Shellberg continues to hold options to buy common stock with an exercise price of $7.47 per share, covering 95,118 underlying shares expiring on September 30, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,350 shares exercised/converted
Exercise
9 txns
Insider
Shellberg Jeffrey D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to buy F4, F5 | 16,100 | $0.00 | $0.00 |
| Exercise | Option to buy F4, F6 | 6,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 16,100 | $17.50 | $282K |
| Exercise | Common Stock | 6,250 | $12.92 | $81K |
| Exercise Price or Tax Liability | Common Stock | 17,206 | $21.07 | $363K |
| holding | Option to buy F4, F7 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Option to buy — 117,768 contracts for 95,118 underlying shares (Direct);
Common Stock — 71,331 shares (Direct);
Common Stock — 467,000 shares (Indirect, By Trust)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
- F5. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.
- F6. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
- F7. Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
Key Figures
Options exercised - shares: 22,350 shares
Exercise price per share: $17.50 per share
Exercise price per share: $12.92 per share
+4 more
7 metrics
Options exercised - shares
22,350 shares
Total underlying common shares from option exercises on August 31, 2026
Exercise price per share
$17.50 per share
Exercise of options to buy 16,100 shares of common stock
Exercise price per share
$12.92 per share
Exercise of options to buy 6,250 shares of common stock
Shares delivered or withheld
17,206 shares
Payment of exercise price or tax liability at $21.07 per share
Withholding price per share
$21.07 per share
Price used for 17,206 common shares delivered or withheld
Remaining option exercise price
$7.47 per share
Exercise price of remaining option position expiring September 30, 2027
Remaining underlying option shares
95,118 shares
Underlying common shares for remaining option position at $7.47
Key Terms
Option to buy, exercise price, expiration date, Payment of exercise price or tax liability, +1 more
5 terms
Option to buy financial
"security_title": "Option to buy""
exercise price financial
"conversion_or_exercise_price": "17.5000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2027-09-30""
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.
Payment of exercise price or tax liability financial
"transaction_code_description": "Payment of exercise price or tax liability"
Combined Incentive and Non-Statutory Stock Option Plan financial
"Options to buy granted under the 2017 Combined Incentive and Non-Statutory"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BWB director Jeffrey D. Shellberg report on this Form 4?
Jeffrey D. Shellberg reported exercising stock options for 22,350 shares of Bridgewater Bancshares common stock on August 31, 2026, and delivering or withholding 17,206 shares to cover the exercise price or tax liability.
At what prices were Jeffrey D. Shellberg’s BWB options exercised?
Shellberg exercised options to acquire 16,100 shares at an exercise price of $17.50 per share and 6,250 shares at an exercise price of $12.92 per share, all on August 31, 2026.
Were Jeffrey D. Shellberg’s BWB transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the August 31, 2026 transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
