Form 4: Bridgewater Bancshares EVP Sells, Exercises Options
Insider Transaction Report (Form 4)
Bridgewater Bancshares EVP & Chief Strategy Officer Mary Jayne Crocker reported selling 4,080 shares and exercising 18,898 stock options.
Summary
- Mary Jayne Crocker, Executive Vice President and Chief Strategy Officer of Bridgewater Bancshares Inc (BWB), reported transactions in the company's common stock and derivative securities.
- On November 13, 2025, Crocker sold 4,080 shares of common stock at a weighted average price of $17.0402 per share, with individual transaction prices ranging from $17.01 to $17.10.
- On November 17, 2025, Crocker exercised options to acquire 18,898 shares of common stock at an exercise price of $7.47 per share.
- Following these transactions, Crocker's direct beneficial ownership of common stock increased to 217,923 shares.
- Crocker continues to hold 91,102 options to buy common stock at $7.47, 27,000 options at $12.92, and 20,000 options at $17.50.
Sentiment
Score: 6
Explanation: The insider sold a portion of shares but simultaneously exercised a larger number of options at a lower price, resulting in a net increase in direct beneficial ownership. This indicates continued confidence and a strategic move to realize gains while maintaining significant equity exposure.
Positives
- The exercise of 18,898 options at a strike price of $7.47, significantly below the reported sale price of $17.0402, indicates a profitable transaction for the insider.
- A net increase in direct beneficial ownership of common stock by 14,818 shares (18,898 acquired 4,080 sold), from an initial 199,025 shares (after sale) to 217,923 shares (after exercise), which can be viewed as a sign of continued confidence by the insider.
Negatives
- The sale of 4,080 shares of common stock by a key executive, which could be interpreted as a reduction in direct exposure to the company's equity.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may view the net increase in insider ownership as a positive signal of management's continued alignment with shareholder interests, despite a partial sale.
Key Dates
| Date | Description |
|---|---|
| 10/01/2017 | Grant date for options exercisable in 20% increments on the first five anniversaries. |
| 12/06/2019 | Grant date for options exercisable in 25% increments on the first four anniversaries. |
| 02/01/2022 | Grant date for options exercisable in 25% increments on the first four anniversaries. |
| 11/13/2025 | Date of common stock sale by Mary Jayne Crocker. |
| 11/17/2025 | Date of option exercise and common stock acquisition by Mary Jayne Crocker. |
| 09/30/2027 | Expiration date for a portion of the options granted on 10/01/2017. |
| 12/06/2029 | Expiration date for options granted on 12/06/2019. |
| 02/01/2032 | Expiration date for options granted on 02/01/2022. |
Recommendation
holdThis Form 4 primarily details routine insider transactions involving option exercise and a partial sale. While the net increase in beneficial ownership is a positive signal, the filing itself does not provide sufficient new information about the company's operational or financial performance to warrant a change in investment recommendation. It reflects an insider's personal financial planning rather than a strong directional signal for the stock.
Keywords
Bridgewater Bancshares, BWB, Insider Trading, Form 4, Stock Options, Executive Compensation, Share Sale, Option Exercise
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