Form 4: BWB Director Urness Transfers Shares to Trust

Bridgewater Bancshares Director Todd B. Urness reported a future transfer of 350,478 common shares to a revocable trust, maintaining beneficial ownership.

Summary

• Director Todd B. Urness of Bridgewater Bancshares Inc. (BWB) reported a transaction scheduled for December 4, 2025.
• The transaction involves the transfer of 350,478 shares of common stock for no consideration.
• The shares are being transferred to the Todd B. Urness Revocable Trust, established on May 21, 2024.
• Mr. Urness serves as the trustee of this trust, and members of his immediate family are beneficiaries.
• Following this transfer, Mr. Urness will directly own 307,000 shares and indirectly own 866,722 shares through the trust.
• Mr. Urness retains beneficial ownership, including sole voting and investment power over the shares held by the trust.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine insider transaction involving the transfer of shares to a revocable trust for estate planning purposes, with no change in beneficial ownership. It is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The transaction is an internal transfer for estate planning purposes, with Mr. Urness retaining beneficial ownership and control over the shares, indicating continued alignment of interests with shareholders.

Negatives

• The filing does not present any negative operational or financial information for Bridgewater Bancshares Inc.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this Form 4 filing, as it pertains to a personal insider transaction.

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 details a personal estate planning transaction by a director and does not provide information relevant to broader industry trends or competitive landscape analysis.

Related Party Transactions

• Transfer of 350,478 shares of common stock by Director Todd B. Urness to the Todd B. Urness Revocable Trust, where Mr. Urness is the trustee and members of his immediate family are beneficiaries. This is an internal transfer for estate planning purposes, with no consideration exchanged.

Stakeholder Impact

• Shareholders: No direct impact on the company's operations or financial performance. The beneficial ownership of the shares remains with the director, indicating continued alignment of interests.

Key Dates

Keywords

Bridgewater Bancshares, BWB, Form 4, insider transaction, stock transfer, revocable trust, beneficial ownership, director