Bridgewater Bancshares, Inc. filings document the regulatory record for a Minnesota financial holding company, Bridgewater Bank and the issuer's preferred depositary shares. Form 8-K reports cover operating results, financial condition, earnings presentations, Regulation FD investor materials, dividend-related events and material agreements.
The filing record also addresses capital structure matters, including common stock, depositary shares and at-the-market equity distribution arrangements. Definitive proxy statements disclose board matters, executive compensation, shareholder voting items and governance practices for the bank holding company.
Bridgewater Bancshares Inc director David J. Volk received a grant of 1,146 shares of Common Stock as compensation. The shares were acquired at a price of $0.00 per share, increasing his direct holdings to 32,284 shares. He also reports indirect ownership of 298 shares held by Volk Advisory Corp.
This filing reflects a grant, award, or other acquisition rather than an open-market purchase or sale, so it primarily updates his ownership position without signaling a discretionary trade.
Bridgewater Bancshares Inc director Mary Jayne Crocker received a grant of 280 shares of Common Stock as an award. The shares were acquired at a stated price of $0.00 per share, increasing her direct holdings to 209,277 shares following the transaction.
Juran David B. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director David B. Juran received a grant of 1,146 shares of common stock on March 31, 2026 at no cost, increasing his direct holdings to 1,348,967 shares.
He also reports indirect ownership through several trusts, including shares held as co-trustee of a Residuary Trust, as attorney-in-fact for a Revocable Trust, and as trustee of Descendant's Separate Trust and Martial Trust 2.
Urness Todd B. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director Todd B. Urness reported an equity award of 1,146 shares of common stock on March 31, 2026, received at no cash cost. This grant increased his directly held stake to 309,259 shares. In addition, 866,722 shares are held indirectly through the Todd B. Urness Revocable Trust, where he serves as trustee with sole voting and investment power over those shares.
Bridgewater Bancshares, Inc. is soliciting proxies for its 2026 virtual annual meeting of shareholders on April 28, 2026 at 2:00 p.m. Central Time. Shareholders will vote on electing 11 directors, an advisory say‑on‑pay resolution, approval of the 2026 Equity Incentive Plan, and ratification of RSM US LLP as independent auditor for 2026.
The Board is now fully declassified, with all directors standing for one‑year terms, and a majority are independent under Nasdaq rules. Governance is overseen through Audit, Compensation, and Nominating and ESG committees, each with written charters and independent membership. Executive pay combines salary, annual cash incentives and equity, with a strong say‑on‑pay support of 93.60% at the 2025 meeting.
Directors and executive officers as a group beneficially own 6,688,367 shares, or 23.10% of outstanding common stock as of the February 27, 2026 record date, aligning leadership with shareholders. The company highlights strong 2025 balance sheet growth, net interest margin expansion, improved profitability, and active shareholder engagement, including outreach to institutional holders representing nearly 67% of institutional ownership.
Bridgewater Bancshares, Inc. entered into an Equity Distribution Agreement with Piper Sandler & Co. allowing the company to issue and sell from time to time up to $50,000,000 of its common stock in at-the-market offerings and other permitted sale methods.
Under the agreement, Bridgewater will set parameters for each sales period, and Piper Sandler will receive a 2.5% commission on the gross sales price of shares sold. The company may suspend or terminate the offering at any time, and has no obligation to sell any shares.
Any shares sold will be issued under an effective Form S-3 shelf registration and a related prospectus supplement. Net proceeds are planned for general corporate purposes, which may include investments in subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment, or financing possible acquisitions.
Bridgewater Bancshares, Inc. is registering an at-the-market equity program to sell up to $50,000,000 of its common stock through Piper Sandler & Co. under an Equity Distribution Agreement dated February 27, 2026.
Sales may occur on Nasdaq or by negotiated transactions, including block trades, and Piper Sandler may receive compensation of up to 2.50% of gross proceeds. The prospectus states net proceeds will be used for general corporate purposes, including possible contributions to the Bank, with specific allocations not yet determined. The company reported 27,824,565 shares outstanding as of February 23, 2026, and a last reported sale price of $18.63 per share on that date.
Bridgewater Bancshares, Inc., a Minnesota-based financial holding company, outlines its business, market position and risks in its annual report. The company focuses on commercial real estate and multifamily lending in the Twin Cities, operating nine branches with a lean, "branch-light" model.
As of December 31, 2025, Bridgewater reported $5.41 billion in total assets, $4.31 billion in total gross loans, $4.32 billion in total deposits and $517.1 million in shareholders’ equity. Growth has been driven largely by commercial real estate lending, affordable housing finance and the December 2024 acquisition of First Minnetonka City Bank.
The company highlights strong asset quality, multifamily expertise, an experienced leadership team and an entrepreneurial culture as key strengths, but also acknowledges concentrated exposure to commercial real estate, deposit concentration among large clients and geographic reliance on the Twin Cities economy as important risk factors.
Bridgewater Bancshares director Thomas P. Trutna sold common stock in an open-market transaction. On February 10, 2026, he sold 13,000 shares of Bridgewater Bancshares, Inc. common stock at a weighted average price of $19.5147 per share in multiple trades between $19.50 and $19.63.
After this sale, Trutna directly owns 82,634 shares of Bridgewater Bancshares common stock. The filing notes that detailed trade-by-trade pricing information is available upon request from the company, any security holder, or the SEC staff.
Bridgewater Bancshares, Inc. received an amended Schedule 13G showing that David Juran beneficially owns 1,591,482 shares of its common stock, representing 5.7% of the class. This percentage is based on 27,759,970 shares outstanding as of December 31, 2025, as referenced from a company Form 8-K.
Juran has sole voting and dispositive power over 1,485,450 shares and shared voting and dispositive power over 106,032 shares. The shared and sole holdings include multiple trusts where he serves as trustee, co-trustee, or attorney-in-fact. The amendment is signed on his behalf by attorney-in-fact Ben Klocke.