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. reports that insider Jerry Baack beneficially owns 1,429,162 shares of its common stock, representing 5.1% of the class. This percentage is based on 27,759,970 shares outstanding as of December 31, 2025.
Baack has sole voting and dispositive power over 1,422,162 shares and shared power over 7,000 shares held jointly with his spouse. The sole power amount includes 290,000 option shares exercisable within 60 days, 13,888 restricted stock units vesting within 60 days, and 3,000 shares held as custodian for children.
Bridgewater Bancshares insider plans Rule 144 stock sale. A holder of Bridgewater Bancshares common stock filed to sell 13,000 shares through Morgan Stanley Smith Barney LLC on the NASDAQ. The shares were originally acquired as restricted stock from the issuer on 03/31/2020. The planned sale date is approximately 02/10/2026, and the filing states an aggregate market value of $253,691.10 for these shares, compared with 27,584,732 common shares outstanding.
Bridgewater Bancshares, Inc. furnished an updated investor presentation that executives may use in meetings with investors and analysts. The presentation is provided as Exhibit 99.1 to this Form 8-K and is incorporated by reference, but the company specifies that this material is being "furnished" rather than "filed" for securities law purposes.
Bridgewater Bancshares director Jeffrey D. Shellberg reported a sale of company stock. On February 6, 2026, he sold 9,838 shares of common stock at a price of $18.8901 per share in a transaction reported as a sale.
After this trade, Mr. Shellberg directly beneficially owned 266,187 shares of Bridgewater Bancshares common stock. He also indirectly held additional shares through three trusts, including 355,000 shares, 87,000 shares, and 65,000 shares, where he serves as trustee with voting and investment power.
Bridgewater Bancshares director James S. Johnson reported selling 4,712 shares of common stock on February 5, 2026 at a weighted average price of $19.7143 per share, in an open-market sale. Following this transaction, he beneficially owns 95,348 shares directly, plus indirect holdings of 59,250 and 76,750 shares through two trusts where he serves as co-trustee, and 10,417 shares through his spouse’s IRA.
A shareholder of BWB has filed a Rule 144 notice to sell 9,838 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of 185,840.80. The shares are listed on NASDAQ, with 27,584,732 common shares outstanding and an approximate sale date of 02/06/2026.
The seller acquired these shares through multiple restricted stock awards from the issuer between 02/02/2024 and 02/03/2026. The form also shows that Jeff Shellberg sold 21,936 common shares for gross proceeds of 389,989.77 on 12/09/2025. By signing, the seller represents they are not aware of undisclosed material adverse information about the issuer.
A holder of BWB common stock has filed a Rule 144 notice to sell 4,712 shares through broker D.A. Davidson & Co. on or about February 5, 2026, with an aggregate market value of $93,438.96 on the NASDAQ.
The securities were originally acquired from the issuer as non-cash board retainer payments on three dates in 2024, totaling 4,712 shares. The notice states the seller does not know of any undisclosed material adverse information about the issuer’s operations.
Bridgewater Bancshares President & CFO Joseph M. Chybowski reported several common stock transactions. On February 2, 2026, he disposed of 1,632 shares at $19.63 per share. On February 3, 2026, he disposed of another 786 shares at $19.54 per share and acquired 15,570 shares at a reported price of $0 per share. Following these transactions, he directly beneficially owned 118,501 common shares and indirectly owned 1,000 shares through a spouse IRA.
Bridgewater Bancshares CEO and director Jerry J. Baack reported an acquisition of 23,739 shares of common stock on February 3, 2026. The shares were acquired at a reported price of $0.00 per share, indicating they were likely granted rather than purchased on the open market.
Following this transaction, Baack directly beneficially owns 1,186,003 shares of common stock. In addition, he is listed as indirectly holding 1,000 shares each in three accounts as custodian for children, reflecting custodial positions rather than direct personal holdings.
Bridgewater Bancshares Chief Banking Officer Nicholas L. Place reported several transactions in the company’s common stock. On February 2, 2026, he disposed of 1,389 shares at $19.63 per share. On February 3, 2026, he disposed of 554 shares at $19.54 per share and acquired 15,022 shares at a reported price of $0 per share. Following these transactions, he directly owned 144,310 shares of common stock and indirectly held 7,500 shares through a spouse IRA.