SCHEDULE 13G/A: Jerry Baack Amends Beneficial Ownership Disclosure in Bridgewater Bancshares, Holding 5.4% Stake
Beneficial Ownership Disclosure
Jerry Baack has filed an amended Schedule 13G, disclosing a 5.4% beneficial ownership stake in Bridgewater Bancshares, Inc. as of December 31, 2024.
Summary
- Jerry Baack beneficially owns an aggregate of 1,492,805 shares of Bridgewater Bancshares, Inc. common stock as of December 31, 2024.
- This ownership represents 5.4% of the company's common stock, based on 27,552,449 shares outstanding as of the same date.
- Mr. Baack holds sole voting and dispositive power over 1,485,805 shares.
- He holds shared voting and dispositive power over 7,000 shares, which are held jointly with his spouse.
- The sole power includes 290,000 shares underlying options exercisable within 60 days, 9,928 restricted stock units vesting within 60 days, and 3,000 shares held as custodian for children.
- The filing excludes 25,000 shares underlying options subject to vesting and 28,709 restricted stock units not vesting within 60 days.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment.
Positives
- The disclosure provides transparency regarding a significant individual's ownership stake in Bridgewater Bancshares, Inc.
- Jerry Baack, likely an insider given the stock options and restricted stock units, holds a substantial 5.4% stake, indicating alignment of interests with shareholders.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of beneficial ownership by an individual, common in the financial services sector, and does not provide broader industry trend analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership stake of a significant individual, potentially an insider, which can influence investor confidence and understanding of corporate control.
Key Dates
| Date | Description |
|---|---|
| 02/07/2023 | Date of Power of Attorney referenced for Jerry J. Baack's signature. |
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 01/29/2025 | Date of Issuer's Form 8-K filing reflecting 27,552,449 shares outstanding. |
| 02/10/2025 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
Bridgewater Bancshares, Jerry Baack, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Ownership Disclosure, Financial Services, Banking
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