Jerry J. Baack, Chief Executive Officer and Director of Bridgewater Bancshares Inc (NASDAQ:BWB), filed a Form 4 on August 14, 2026, disclosing two separate sales of common stock executed on August 13 and August 14, 2026.

Key Highlights

  • First sale: 10,000 shares of common stock were disposed of on August 13, 2026, at a weighted average price of $22.0282 per share.
  • Second sale: 15,000 shares of common stock were disposed of on August 14, 2026, at a weighted average price of $22.2146 per share.
  • Post-transaction direct ownership: Following the August 14 sale, Baack directly held 1,133,769 shares of common stock.
  • Indirect holdings: Baack also holds 1,000 shares indirectly through a dependent child, 1,000 shares as custodian for one child, and 1,000 shares as custodian for another child.
  • Weighted average prices: The August 13 sale involved prices ranging from $22.00 to $22.11; the August 14 sale involved prices ranging from $22.10 to $22.30, according to the filing's footnotes.

Details of the CEO's Two Stock Sales at Bridgewater Bancshares

According to the filing, Jerry J. Baack, who serves as both Chief Executive Officer and a Director of Bridgewater Bancshares Inc, a Minnesota-based bank holding company headquartered at 4450 Excelsior Blvd., Suite 100, St. Louis Park, Minnesota, completed two separate disposals of common stock in consecutive days. The first transaction, dated August 13, 2026, involved the sale of 10,000 shares at a weighted average price of $22.0282. The filing discloses that this price represents a weighted average across multiple transactions at prices ranging from $22.00 to $22.11, inclusive.

The second transaction, dated August 14, 2026, involved the sale of 15,000 shares at a weighted average price of $22.2146. Per the filing's footnote, those shares were sold in multiple transactions at prices ranging from $22.10 to $22.30, inclusive. Both footnotes state that Baack undertakes to provide full information regarding the number of shares sold at each separate price upon request by Bridgewater Bancshares, any security holder, or the SEC staff. Following the first sale on August 13, direct beneficial ownership stood at 1,148,769 shares; after the second sale on August 14, direct beneficial ownership declined to 1,133,769 shares, as reported in Table I of the filing.

In addition to his directly held shares, the filing reports that Baack holds 1,000 shares indirectly through a dependent child, 1,000 shares as custodian for one child, and 1,000 shares as custodian for another child. Both sales are coded "S" in the filing, indicating open-market sale transactions. The Form 4 was signed by Ben Klocke as Attorney-in-Fact on August 14, 2026.

What Was Disclosed

The filing discloses two open-market sales of Bridgewater Bancshares common stock by CEO Jerry J. Baack: 10,000 shares on August 13, 2026, and 15,000 shares on August 14, 2026, at weighted average prices of $22.0282 and $22.2146, respectively, reducing his direct holdings to 1,133,769 shares.