Form 4: Director Acquires Bridgewater Bancshares Stock
Insider Transaction Report
Bridgewater Bancshares Director Douglas J. Parish reported the acquisition of 556 shares of common stock on December 31, 2025, increasing his direct beneficial ownership.
Summary
- Douglas J. Parish, a Director of Bridgewater Bancshares Inc (BWB), reported a transaction involving the company's common stock.
- On December 31, 2025, Mr. Parish acquired 556 shares of common stock.
- The acquisition price for these shares was $0, indicating a likely grant or award rather than a market purchase.
- Following this transaction, Mr. Parish directly beneficially owns 4,842 shares of common stock.
- Additionally, Mr. Parish indirectly beneficially owns 8,107 shares through the Douglas J Parish Revocable Trust, dated May 27, 2022, where he serves as co-trustee with shared voting and investment power.
- The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 6
Explanation: The acquisition of shares by a director, even if a grant at $0, is generally a positive signal of alignment and confidence. However, the relatively small number of shares and the nature of the acquisition (not an open market purchase) limit the overall positive impact.
Positives
- A director's acquisition of shares, even if a grant, generally signals confidence in the company's future prospects and aligns management interests with shareholders.
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-planned, non-opportunistic acquisition, which is a positive governance practice.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.
Industry Context
This insider transaction report is specific to Bridgewater Bancshares Inc and does not provide broader industry trends or competitive analysis. It reflects an individual director's equity holdings and planned transactions within the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to establish pre-arranged plans for buying or selling company stock to avoid accusations of insider trading. | 12/31/2025 | This indicates adherence to best practices in corporate governance regarding insider stock transactions, promoting transparency and reducing the perception of opportunistic trading. |
Related Party Transactions
- 8,107 shares of common stock are indirectly beneficially owned by Mr. Parish through the Douglas J Parish Revocable Trust, dated May 27, 2022, where he serves as co-trustee.
Stakeholder Impact
- Shareholders may view the director's acquisition of additional shares, even if a grant, as a positive sign of management's commitment and belief in the company's value.
Key Dates
| Date | Description |
|---|---|
| 05/27/2022 | Date of the Douglas J Parish Revocable Trust |
| 12/31/2025 | Date of common stock acquisition transaction |
| 01/02/2026 | Signature date of the reporting person's attorney-in-fact |
Keywords
Bridgewater Bancshares, BWB, Insider Transaction, Form 4, Director Stock Acquisition, Common Stock, Beneficial Ownership, Rule 10b5-1
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