Jerry Baack filed Amendment No. 4 to a Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of 1,366,928 shares of Bridgewater Bancshares, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Jerry Baack reported 1,366,928 shares of Bridgewater Bancshares, Inc. common stock beneficially owned as of September 30, 2026.
  • Percent of class: The reported holdings represent 4.8% of the class, based on 27,960,252 shares outstanding as of September 30, 2026.
  • Sole voting and dispositive power: Baack holds sole voting and sole dispositive power over 1,359,928 shares.
  • Shared voting and dispositive power: Baack holds shared voting and shared dispositive power over 7,000 shares held jointly with his spouse.
  • Options included: The sole power figures include 290,000 shares underlying options currently exercisable or exercisable within 60 days of September 30, 2026.
  • RSUs excluded: 49,841 restricted stock units that will not vest within 60 days of September 30, 2026 are excluded from the reported totals.

Baack's Ownership Breakdown in Bridgewater Bancshares as of September 30, 2026

According to the filing, Jerry Baack submitted Amendment No. 4 to Schedule 13G reporting beneficial ownership of 1,366,928 shares of common stock in Bridgewater Bancshares, Inc. (NASDAQ:BWB), headquartered at 4450 Excelsior Blvd., Suite 100, St. Louis Park, MN 55416. The filing states the event date triggering the amendment was September 30, 2026, and was signed on November 9, 2026 by Ben Klocke as attorney-in-fact, under a Power of Attorney incorporated by reference to Exhibit 24 of the Schedule 13G filed by Baack on February 11, 2026.

The filing discloses that the 4.8% ownership figure is based on 27,960,252 shares of common stock outstanding as of September 30, 2026, as reflected in the issuer's Form 8-K dated October 20, 2026, and filed by the issuer with the SEC on October 20, 2026. Within the sole power total of 1,359,928 shares, the filing specifies that the figure includes 290,000 shares underlying currently exercisable options or options exercisable within 60 days of September 30, 2026, as well as 1,000 shares held by Baack's dependent child and 2,000 shares held by Baack as custodian for children. It excludes 49,841 restricted stock units not vesting within 60 days of that date.

The 7,000 shares reported under shared voting and dispositive power are described in the filing as held jointly with Baack's spouse. The filing identifies the reporting person as an individual (type "IN") and a U.S. citizen. Item 5 of the filing designates the ownership as 5 percent or less of a class, and Items 6 through 9 are each noted as not applicable.

What Was Disclosed

Jerry Baack filed an amended Schedule 13G disclosing aggregate beneficial ownership of 1,366,928 shares, or 4.8%, of Bridgewater Bancshares, Inc. common stock as of September 30, 2026, including sole power over 1,359,928 shares and shared power over 7,000 shares.