Form 4: Bridgewater Bancshares Director Sells Shares in Open Market Transaction

Bridgewater Bancshares director, Douglas J. Parish, sold 5,750 shares of common stock at an average price of $15.0486 on November 14, 2024.

Summary

• Douglas J. Parish, a director at Bridgewater Bancshares, sold 5,750 shares of common stock on November 14, 2024.
• The shares were sold at a weighted average price of $15.0486 per share.
• The sale was executed in multiple transactions with prices ranging from $15.02 to $15.09.
• Following the transaction, Mr. Parish directly owns 1,636 shares and indirectly owns 15,607 shares through a trust.
• The indirect ownership is held through the Douglas J Parish Revocable Trust, where Mr. Parish is a co-trustee.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of a director's stock sale, which is common in the financial industry. Such transactions are closely monitored by regulators and investors for potential insider trading concerns.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading disclosures.
• Similar filings are made by directors and officers of comparable financial institutions such as First National Bank Holding Company and Old National Bancorp when they trade their company's stock.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but it is a routine transaction.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Bridgewater Bancshares, Director Share Sale, Form 4, Douglas J. Parish, Stock Transaction, Insider Trading