Form 4: Bridgewater Bancshares Officer Sells Shares Under 10b5-1 Plan

Laura Espeseth, Chief Administrative Officer of Bridgewater Bancshares, Inc., reported the sale of 717 shares of common stock for tax purposes under a pre-arranged 10b5-1 plan.

Summary

• Laura Espeseth, Chief Administrative Officer of Bridgewater Bancshares, Inc. (BWB), reported transactions involving the company's common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating pre-scheduled sales not based on new material non-public information.
• On December 5, 2025, Espeseth disposed of 482 shares of common stock at a price of $17.84 per share.
• Following this transaction, Espeseth's direct beneficial ownership stood at 22,051 shares.
• On December 6, 2025, an additional 235 shares of common stock were disposed of at the same price of $17.84 per share.
• After both reported transactions, Espeseth directly beneficially owned 21,816 shares of Bridgewater Bancshares common stock.
• The transaction code 'F' indicates that these dispositions were for the payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock award or the exercise of a stock option.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions for tax purposes under a 10b5-1 plan. These are neutral events and do not indicate positive or negative sentiment towards the company's performance or prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

These transactions are routine insider sales, typically for tax purposes, and do not inherently reflect a change in the company's operational performance or the broader banking industry trends. Such sales under a 10b5-1 plan are common among executives for personal financial planning.

Related Party Transactions

• Laura Espeseth, Chief Administrative Officer, disposed of 717 shares of Bridgewater Bancshares common stock in two separate transactions on December 5 and December 6, 2025. These transactions are considered related party dealings as they involve an executive officer of the company.

Stakeholder Impact

• Shareholders: The sale of a relatively small number of shares by an executive for tax purposes under a 10b5-1 plan is unlikely to have a significant impact on the company's stock price or investor sentiment. It is a routine event for executives with equity compensation.

Key Dates

Recommendation

The filing details routine insider sales for tax purposes under a pre-arranged 10b5-1 plan. These transactions are not indicative of a change in the company's fundamentals or future prospects and therefore do not warrant a change in investment recommendation. The stock should be held based on existing fundamental analysis, as this filing provides no new information to alter that view.

Keywords

Bridgewater Bancshares, BWB, Laura Espeseth, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Chief Administrative Officer, Financial Services, Banking