Form 4: Bridgewater Bancshares Officer Exercises Options and Disposes of Shares
SEC Form 4
Nicholas L. Place, Chief Lending Officer of Bridgewater Bancshares, exercised options to acquire 10,000 shares of common stock and disposed of 2,633 shares to cover tax obligations.
Summary
- On September 6, 2024, Nicholas L. Place, the Chief Lending Officer of Bridgewater Bancshares Inc., executed transactions involving the company's common stock.
- Place exercised options to acquire 10,000 shares at a price of $3.58 per share.
- Following the exercise, Place disposed of 2,633 shares to satisfy tax withholding obligations at a price of $13.6 per share.
- After these transactions, Place directly owns 119,022 shares and indirectly owns 7,500 shares through a spouse's IRA.
- Place also holds options to buy 221,000 additional shares at prices ranging from $7.47 to $17.50, exercisable over various future dates.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into the actions of a company officer.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2015 | Date of grant for options exercisable in 20% increments on the first five anniversaries. |
| 10/01/2017 | Date of grant for options exercisable in 20% increments on the first five anniversaries. |
| 12/06/2019 | Date of grant for options exercisable in 25% increments on the first four anniversaries. |
| 02/01/2022 | Date of grant for options exercisable in 25% increments on the first four anniversaries. |
| 09/06/2024 | Date of transaction: Exercise of options and disposal of shares. |
| 09/09/2024 | Date of filing the Form 4. |
| 12/31/2024 | Expiration date for some options. |
| 09/30/2027 | Expiration date for some options. |
| 12/06/2029 | Expiration date for some options. |
| 02/01/2032 | Expiration date for some options. |
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