Form 4: Bridgewater Bancshares CFO Sells Shares
Insider Transaction Report
Bridgewater Bancshares' President and CFO, Joseph M. Chybowski, reported the sale of 6,780 common shares and a tax-related disposition of 732 shares.
Summary
- Joseph M. Chybowski, President & CFO of Bridgewater Bancshares Inc (BWB), reported transactions in company common stock.
- On December 6, 2025, Chybowski disposed of 732 shares at $17.84 per share to cover tax withholding obligations.
- On December 9, 2025, Chybowski sold 6,780 shares at a weighted average price of $17.9867 per share.
- Following these transactions, Chybowski directly owns 104,560 shares and indirectly owns 1,000 shares through a spouse's IRA.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions, including a tax-related disposition and a sale of shares by the President & CFO. While insider selling can be viewed negatively, the amount sold is not exceptionally large relative to total holdings, and one transaction was for tax purposes.
Positives
- The disposition of 732 shares was for tax withholding, which is a routine event and not indicative of a negative outlook.
Negatives
- The sale of 6,780 shares by a key executive (President & CFO) could be perceived as a slight negative signal, although the amount is relatively small compared to total holdings.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Joseph M. Chybowski granted a Power of Attorney to Benjamin Klocke and Charlynn Stevens to prepare and file SEC Forms 3, 4, 5, and 144 on his behalf, and manage his EDGAR account. | 2025-09-02 | Streamlines compliance with Section 16(a) of the Exchange Act for the reporting person by delegating filing responsibilities to designated attorneys-in-fact. |
Stakeholder Impact
- Shareholders: May view the insider sale as a minor negative signal regarding management's confidence, though the tax-related disposition is neutral.
Key Dates
| Date | Description |
|---|---|
| 2025-09-02 | Date Power of Attorney was executed by Joe Chybowski. |
| 2025-12-06 | Date of disposition of common stock for tax withholding. |
| 2025-12-09 | Date of sale of common stock and filing date of Form 4. |
Recommendation
holdThe Form 4 filing details routine insider transactions, including a tax-related disposition and a sale of shares by the President & CFO. While insider selling can sometimes signal a lack of confidence, the volume is not substantial enough to warrant a strong 'sell' recommendation, nor does it provide new positive information for a 'buy'. The transactions appear to be part of personal financial management rather than a strong directional signal for the company's future performance. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis of the company's financial health and strategic outlook.
Keywords
Bridgewater Bancshares, BWB, Joseph M. Chybowski, Insider Trading, Form 4, Stock Sale, CFO, SEC Filing
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