Form 4: Bridgewater Bancshares Director Files Pre-Planned Stock Acquisition for 2025

Bridgewater Bancshares Inc. Director Douglas J. Parish has filed a Form 4 disclosing a pre-planned acquisition of 617 shares of common stock at no cost, scheduled for June 30, 2025, under a Rule 10b5-1 plan.

Summary

• Douglas J. Parish, a Director of Bridgewater Bancshares Inc. (BWB), reported a scheduled acquisition of common stock.
• The transaction involves the acquisition of 617 shares of common stock.
• The shares are to be acquired at a price of $0 per share, indicating a grant or award rather than a purchase.
• The transaction is scheduled to occur on June 30, 2025.
• The filing indicates this transaction is made pursuant to a Rule 10b5-1(c) plan, which is a pre-arranged contract for the purchase or sale of equity securities.
• Following this scheduled transaction, Douglas J. Parish's direct beneficial ownership will be 3,704 shares.
• Additionally, Mr. Parish indirectly beneficially owns 15,607 shares through the Douglas J Parish Revocable Trust, dated May 27, 2022, where he serves as co-trustee with shared voting and investment power.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even at no cost and as a pre-planned event, generally indicates confidence in the company's future prospects and aligns management interests with shareholders. There are no negative elements reported.

Positives

• The scheduled acquisition of shares by a director, even at no cost, can signal continued confidence in the company's future performance.
• The transaction is part of a pre-arranged Rule 10b5-1 plan, which demonstrates a structured approach to insider stock transactions and can reduce concerns about opportunistic trading.

Future Outlook

The document indicates a pre-planned acquisition of 617 shares of common stock by Director Douglas J. Parish on June 30, 2025, under a Rule 10b5-1 plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. The use of a Rule 10b5-1 plan for a scheduled future acquisition is a standard practice for corporate insiders to manage stock transactions in compliance with insider trading laws.

Related Party Transactions

• Douglas J. Parish indirectly holds 15,607 shares through the Douglas J Parish Revocable Trust, dated May 27, 2022, where he serves as co-trustee with shared voting and investment power. This trust is considered a related party.

Stakeholder Impact

• Shareholders may view the director's scheduled acquisition of shares as a positive signal of management's belief in the company's value and future performance.

Key Dates

Keywords

Bridgewater Bancshares, BWB, Form 4, Insider Transaction, Director, Stock Acquisition, Common Stock, Beneficial Ownership, Rule 10b5-1