Form 4: Bridgewater Bancshares CEO Jerry J. Baack Sells Shares
SEC Form 4
Bridgewater Bancshares CEO Jerry J. Baack sold 11,500 shares of common stock at an average price of $14.1524 on September 4, 2024.
Summary
- On September 4, 2024, Jerry J. Baack, CEO of Bridgewater Bancshares Inc, sold 11,500 shares of common stock.
- The shares were sold at a weighted average price of $14.1524.
- The price ranged from $14.1100 to $14.2350.
- Following the transaction, Baack directly owns 1,228,514 shares.
- Baack also indirectly owns 3,000 shares as custodian for a child.
- Baack no longer has a reportable beneficial interest in 4,200 shares of BWB common stock owned by an adult child.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by the CEO could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of the stock sale transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
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