Form 4: Bridgewater Bancshares EVP Jeffrey D. Shellberg Sells $20,000 in Common Stock

Jeffrey D. Shellberg, EVP and Chief Credit Officer of Bridgewater Bancshares, sold 20,000 shares of common stock at an average price of $14.7533 on October 29, 2024.

Summary

• On October 29, 2024, Jeffrey D. Shellberg, the EVP and Chief Credit Officer of Bridgewater Bancshares Inc, sold 20,000 shares of common stock.
• The sale was executed at a weighted average price of $14.7533 per share.
• The prices for individual transactions ranged from $14.70 to $14.90.
• Following the transaction, Shellberg directly owns 360,125 shares and indirectly owns 434,390 shares through trusts.
• The shares held in trust are managed by Shellberg as trustee of the Susan K. Shellberg Trust and the Jeffrey D. Shellberg Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. It is common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some investors, but it is a common practice and doesn't necessarily indicate a lack of confidence in the company.

Key Dates