Form 4: BWB Director David Volk Reports Stock Acquisition
Insider Transaction Report
Bridgewater Bancshares Director David Volk reported the acquisition of 582 shares of common stock at a price of $0, effective September 30, 2025.
Summary
- David J. Volk, a Director of Bridgewater Bancshares Inc. (BWB), reported a change in beneficial ownership.
- The filing indicates the acquisition of 582 shares of common stock by Mr. Volk.
- The shares were acquired at a price of $0 per share, suggesting a grant or award rather than a market purchase.
- Following this transaction, Mr. Volk will directly beneficially own 582 shares of common stock.
- Mr. Volk also indirectly beneficially owns 298 shares through Volk Advisory Corp.
- The indirect holdings of 298 shares include 241 shares acquired on October 18, 2022, and 57 shares acquired on June 15, 2023, both from pro rata distributions from Castle Creek Advisors IV LLC.
- The reported transaction date for the 582 shares is September 30, 2025.
Sentiment
Score: 5
Explanation: The filing reports a pre-planned acquisition of shares by a director, likely as part of a compensation plan or Rule 10b5-1 arrangement. This is a neutral event, as it's scheduled and not reactive to current market conditions.
Positives
- The acquisition of shares by a director, even at no cost, generally aligns management interests with those of shareholders.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction for a director at a publicly traded financial institution. It reflects a change in individual ownership rather than broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | David Volk granted a Power of Attorney to Benjamin Klocke and Charlynn Stevens to prepare, execute, and file SEC Forms 3, 4, 5, and 144 on his behalf. | 08/25/2025 | This streamlines compliance for insider reporting requirements for David Volk, ensuring timely and accurate filings. |
Related Party Transactions
- Acquisition of 582 shares of common stock at $0 from Bridgewater Bancshares Inc. (likely a compensation grant or award).
- Indirect acquisition of 298 shares from Castle Creek Advisors IV LLC via pro rata distributions.
Stakeholder Impact
- Shareholders: Increased director ownership, even through a grant, can be viewed as a positive signal of alignment between management and shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 10/18/2022 | Acquisition of 241 common shares by Mr. Volk from Castle Creek Advisors IV LLC (indirect holding). |
| 06/15/2023 | Acquisition of 57 common shares by Mr. Volk from Castle Creek Advisors IV LLC (indirect holding). |
| 08/25/2025 | Execution date of the Power of Attorney granting authority to Benjamin Klocke and Charlynn Stevens to file SEC forms on behalf of David Volk. |
| 09/30/2025 | Transaction date for the acquisition of 582 shares of common stock by David Volk. |
| 10/01/2025 | Signature date of the Form 4 by Ben Klocke, Attorney-in-Fact. |
Keywords
Bridgewater Bancshares, BWB, David Volk, Director, Insider Transaction, Form 4, Stock Acquisition, Beneficial Ownership, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.