Form 4: Bridgewater Bancshares COO Sells Shares for Tax Withholding

Bridgewater Bancshares' Chief Operating Officer, Lisa M. Salazar, disposed of 451 shares of common stock at $17.84 per share for tax withholding purposes.

Summary

• Lisa M. Salazar, Chief Operating Officer of Bridgewater Bancshares Inc. (BWB), reported a transaction involving the company's common stock.
• The transaction occurred on December 6, 2025, and involved the disposition of 451 shares.
• The shares were disposed of at a price of $17.84 per share.
• This disposition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
• The transaction code 'F' signifies that the shares were withheld to cover tax liabilities incident to the receipt, exercise, or vesting of securities.
• Following this transaction, Ms. Salazar beneficially owns 31,640 shares of Bridgewater Bancshares common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary insider transaction for tax withholding purposes, which is a common occurrence and does not reflect a change in management's confidence in the company.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled and non-discretionary sale, which can reduce concerns about insider trading.

Negatives

• No specific negative aspects are identified as this is a routine tax-related disposition of shares.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or competitive positioning for Bridgewater Bancshares Inc. Such transactions are common for executives receiving equity compensation.

Comparison to Industry Standards

• Insider sales for tax withholding purposes are a standard practice across industries for executives receiving equity-based compensation, aligning with typical corporate governance and compensation structures.

Related Party Transactions

• The transaction involves an insider (Chief Operating Officer) selling company stock, which is a related party transaction.

Stakeholder Impact

• Shareholders: The sale of a small number of shares for tax purposes by an executive is generally not expected to have a significant impact on shareholder sentiment or the company's stock price.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Bridgewater Bancshares, BWB, Lisa M Salazar, Chief Operating Officer, COO, SEC Form 4, Insider Transaction, Stock Sale, Tax Withholding, Rule 10b5-1