Form 4: Bridgewater Bancshares CEO Sells 15,561 Shares

Bridgewater Bancshares CEO Jerry J. Baack sold 15,561 shares of common stock for approximately $258,000.

Summary

• Jerry J. Baack, CEO and Director of Bridgewater Bancshares Inc (BWB), reported a sale of common stock.
• The transaction involved the disposition of 15,561 shares of common stock on November 5, 2025.
• The shares were sold at a weighted average price of $16.5808 per share, with prices ranging from $16.56 to $16.69.
• Following this transaction, Mr. Baack directly beneficially owns 1,189,361 shares of common stock.
• Additionally, Mr. Baack indirectly owns 3,000 shares as custodian for children.

Sentiment

Score: 4

Explanation: A CEO selling a significant number of shares, particularly when not explicitly stated as part of a 10b5-1 plan, can be viewed with slight caution by the market, though it may be for personal financial planning.

Negatives

• The CEO's sale of 15,561 shares was not indicated as being made pursuant to a Rule 10b5-1 pre-arranged trading plan, which could be interpreted by some investors as a less predictable or more discretionary sale.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction, common across all publicly traded companies. The sale by a CEO, especially if not under a 10b5-1 plan, is often scrutinized by the market for potential signals regarding management's confidence or personal liquidity needs, but does not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders may interpret the CEO's sale as a signal, potentially influencing their perception of the company's near-term prospects or management's confidence. This could lead to increased scrutiny of future company performance and insider activity.

Key Dates

Recommendation

The sale of shares by the CEO, not explicitly under a Rule 10b5-1 plan, is a data point that warrants attention. While it could be for personal financial reasons, it may also be interpreted as a lack of confidence. However, a single insider transaction typically does not provide sufficient information to alter a fundamental investment thesis. Investors should monitor future insider activity and company performance for further insights before making significant investment decisions.

Keywords

Bridgewater Bancshares, BWB, Insider Sale, CEO, Stock Transaction, Form 4, Jerry J. Baack