SCHEDULE: Jerry Baack Boosts Bridgewater Bancshares Stake to 5.1%
Beneficial Ownership Report
Jerry Baack, a reporting person for Bridgewater Bancshares, Inc., has disclosed a 5.1% beneficial ownership stake in the company's common stock as of December 31, 2025.
Summary
- Jerry Baack beneficially owns an aggregate of 1,429,162 shares of Bridgewater Bancshares, Inc. common stock.
- This ownership represents 5.1% of the company's common stock outstanding, based on 27,759,970 shares outstanding as of December 31, 2025.
- Baack holds sole voting and dispositive power over 1,422,162 shares.
- These sole power shares include 290,000 shares underlying options exercisable within 60 days of December 31, 2025, 13,888 restricted stock units vesting within 60 days, and 3,000 shares held as custodian for children.
- Baack holds shared voting and dispositive power over 7,000 shares, which are held jointly with his spouse.
- The filing excludes 26,102 restricted stock units that will not vest within 60 days of December 31, 2025.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive disclosure. While it's purely an ownership report and not a performance update, a significant insider stake of 5.1% by Jerry Baack, including various forms of equity, generally signals confidence in the company's long-term prospects.
Positives
- A significant insider ownership stake of 5.1% by Jerry Baack suggests strong alignment with shareholder interests and confidence in Bridgewater Bancshares, Inc.'s future prospects.
- The inclusion of exercisable options and vesting restricted stock units in the beneficial ownership calculation indicates a long-term incentive alignment for a key individual.
Future Outlook
This Schedule 13G filing is an ownership disclosure and does not contain specific forward-looking statements or guidance regarding the company's future performance or operations.
Industry Context
StockSavvy.ai notes that a Schedule 13G filing, particularly by an individual with a significant stake like 5.1%, provides transparency into insider ownership, which can be a key indicator for investors in the banking sector. While not directly tied to broader industry trends, such disclosures contribute to the overall market's understanding of a company's governance and insider confidence, which is a constant factor across all industries.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Appointment | Jerry Baack appointed Benjamin Klocke and Charlynn Stevens as attorneys-in-fact to prepare, execute, and submit SEC filings (Forms ID, 3, 4, 5, 144, 13D, 13G) on his behalf. | 2025-08-26 | Streamlines the process for Jerry Baack to comply with SEC reporting requirements for his holdings in Bridgewater Bancshares, Inc., ensuring timely and accurate disclosures. |
Related Party Transactions
- 7,000 shares are held jointly with Jerry Baack's spouse, indicating a related party ownership arrangement.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant insider's ownership stake, which can influence investor perception and confidence.
- Regulatory Authorities: Ensures compliance with Section 13(d) of the Securities Exchange Act of 1934 by disclosing beneficial ownership exceeding 5%.
Key Dates
| Date | Description |
|---|---|
| 2025-08-26 | Date Jerry Baack executed the Power of Attorney appointing Benjamin Klocke and Charlynn Stevens as attorneys-in-fact for SEC filings. |
| 2025-12-31 | Date of event which requires the filing of this Schedule 13G, reflecting the beneficial ownership. |
| 2026-01-27 | Date of the Issuer's Form 8-K, which reported 27,759,970 shares of common stock outstanding as of December 31, 2025. |
| 2026-02-11 | Date the Schedule 13G Amendment No. 3 was signed and filed. |
Keywords
Bridgewater Bancshares, Jerry Baack, Schedule 13G, Beneficial Ownership, Common Stock, Insider Ownership, SEC Filing, Bank Stock, Financial Services
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