Form 4: Bridgewater Bancshares Officer Plans Future Stock Sales

Bridgewater Bancshares Chief Credit Officer Katie Lynn Morrell reported future sales of 459 shares of common stock in December 2025 to cover tax obligations under a Rule 10b5-1 plan.

Summary

• Katie Lynn Morrell, Chief Credit Officer of Bridgewater Bancshares Inc (BWB), reported planned transactions.
• The transactions involve the disposition of common stock to cover tax withholding obligations.
• On December 5, 2025, 354 shares of common stock are planned to be disposed of at a price of $17.84 per share.
• On December 6, 2025, an additional 105 shares of common stock are planned to be disposed of at a price of $17.84 per share.
• Following these planned transactions, Morrell's direct beneficial ownership will be 12,906 shares of common stock.
• The transactions are indicated to be made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan for buying or selling company stock.

Sentiment

Score: 5

Explanation: Neutral, as the transactions are routine dispositions for tax withholding purposes related to equity compensation and are pre-planned under a Rule 10b5-1 plan.

Future Outlook

The filing details future planned dispositions of common stock by a Chief Credit Officer to satisfy tax withholding obligations, indicating a pre-arranged equity compensation event.

Industry Context

This is a routine insider transaction, common for executives receiving equity compensation. The use of a Rule 10b5-1 plan indicates a pre-scheduled, non-discretionary sale, which is a standard practice to manage tax liabilities associated with vesting equity awards.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine, pre-planned transactions for tax purposes and not indicative of discretionary selling based on new information.

Key Dates

Keywords

Bridgewater Bancshares, BWB, Form 4, Insider Transaction, Stock Sale, Chief Credit Officer, Katie Lynn Morrell, Equity Compensation, Tax Withholding, Rule 10b5-1 Plan