AG˹ٷ

STOCK TITAN

[Form 4] Bridgewater Bancshares, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

On 30 June 2025, GCM Grosvenor Inc. (ticker GCMG) director Samuel C. Scott III filed a Form 4 reporting the receipt of 6,380 fully-vested Restricted Stock Units (RSUs) under the company’s Amended & Restated 2020 Incentive Award Plan. The RSUs were taken in lieu of quarterly cash board compensation, aligning the director’s remuneration with shareholder interests. Each RSU converts 1-for-1 into Class A common stock and will be delivered upon the earliest of the director’s separation from service, a change-in-control event, or death/disability. The reference price listed is $11.56, valuing the grant at roughly $74 thousand. After this transaction, Mr. Scott beneficially owns 97,704 derivative securities (RSUs). The filing is coded “A,� indicating an acquisition with no open-market purchase. While the grant marginally increases insider ownership, its size is immaterial to the company’s overall capitalization and does not alter the investment thesis.

Il 30 giugno 2025, il direttore di GCM Grosvenor Inc. (ticker GCMG), Samuel C. Scott III, ha presentato un Modulo 4 segnalando la ricezione di 6.380 Unità Azionarie Vincolate (RSU) completamente maturate nell'ambito del Piano Incentivi Modificato e Ristabilito 2020 della società. Le RSU sono state assegnate in sostituzione della compensazione trimestrale in contanti per il consiglio, allineando la remunerazione del direttore agli interessi degli azionisti. Ogni RSU si converte 1 a 1 in azioni ordinarie di Classe A e sarà consegnata al primo verificarsi tra la cessazione del servizio del direttore, un evento di cambio di controllo o morte/disabilità. Il prezzo di riferimento indicato è di 11,56 $, valutando l’assegnazione a circa 74 mila $. Dopo questa operazione, il sig. Scott possiede beneficiariamente 97.704 titoli derivati (RSU). La segnalazione è codificata come “A�, indicando un’acquisizione senza acquisto sul mercato aperto. Sebbene l’assegnazione aumenti leggermente la partecipazione degli insider, la sua dimensione è irrilevante rispetto alla capitalizzazione complessiva della società e non modifica la tesi di investimento.

El 30 de junio de 2025, el director de GCM Grosvenor Inc. (símbolo GCMG), Samuel C. Scott III, presentó un Formulario 4 informando la recepción de 6.380 Unidades Restringidas de Acciones (RSU) totalmente adquiridas bajo el Plan de Incentivos Modificado y Reexpresado 2020 de la compañía. Las RSU se otorgaron en lugar de la compensación trimestral en efectivo por la junta, alineando la remuneración del director con los intereses de los accionistas. Cada RSU se convierte 1 a 1 en acciones ordinarias Clase A y se entregará en la primera de las siguientes situaciones: separación del director del servicio, evento de cambio de control o fallecimiento/discapacidad. El precio de referencia listado es de 11,56 $, valorando la concesión en aproximadamente 74 mil $. Tras esta transacción, el Sr. Scott posee beneficiosamente 97.704 valores derivados (RSU). La presentación está codificada como “A�, indicando una adquisición sin compra en el mercado abierto. Aunque la concesión incrementa marginalmente la propiedad interna, su tamaño es insignificante para la capitalización total de la compañía y no altera la tesis de inversión.

2025� 6� 30�, GCM Grosvenor Inc. (티커 GCMG) 이사 Samuel C. Scott III가 회사� 수정 � 재확인된 2020 인센티브 보상 계획� 따라 완전� 권리 확정� 제한 주식 단위(RSU) 6,380�� 수령했음� 보고하는 Form 4� 제출했습니다. � RSU� 분기� 현금 이사� 보상 대� 지급되� 이사� 보상� 주주 이익� 일치시키� 목적입니�. � RSU� 클래� A 보통� 1주로 1대1 전환되며, 이사가 퇴임하거�, 경영� 변� 사건 발생, 또는 사망/장애 � 가� 빠른 시점� 지급됩니다. 기준 가격은 $11.56�, 이번 부� 가치는 � 74,000달러입니�. � 거래 � Scott 이사� 97,704개의 파생 증권(RSU)� 실질적으� 보유하게 됩니�. 제출 서류� “A� 코드� 표시되어 공개 시장에서� 매입 없이 취득했음� 나타냅니�. 이번 부여는 내부� 소유� 소폭 증가시키지�, 회사 전체 자본 규모� 비해 미미하며 투자 논리� 영향� 미치지 않습니다.

Le 30 juin 2025, le directeur de GCM Grosvenor Inc. (symbole GCMG), Samuel C. Scott III, a déposé un formulaire 4 signalant la réception de 6 380 unités d’actions restreintes (RSU) entièrement acquises dans le cadre du Plan de Récompenses Incitatives Modifié et Restitué de 2020 de la société. Les RSU ont été reçues en lieu et place de la rémunération trimestrielle en espèces du conseil, alignant ainsi la rémunération du directeur sur les intérêts des actionnaires. Chaque RSU se convertit à raison de 1 pour 1 en actions ordinaires de Classe A et sera livrée au premier des événements suivants : la séparation du directeur du service, un changement de contrôle, ou un décès/invalidité. Le prix de référence indiqué est de 11,56 $, valorisant la subvention à environ 74 000 $. Après cette opération, M. Scott détient bénéficiairement 97 704 titres dérivés (RSU). Le dépôt est codé “A�, indiquant une acquisition sans achat sur le marché ouvert. Bien que cette attribution augmente légèrement la détention des initiés, sa taille est négligeable par rapport à la capitalisation globale de la société et ne modifie pas la thèse d’investissement.

Am 30. Juni 2025 reichte GCM Grosvenor Inc. (Ticker GCMG) Direktor Samuel C. Scott III ein Formular 4 ein, in dem der Erhalt von 6.380 vollständig unverfallbaren Restricted Stock Units (RSUs) gemäß dem geänderten und neu gefassten Incentive Award Plan 2020 des Unternehmens gemeldet wurde. Die RSUs wurden anstelle der vierteljährlichen Barvergütung für den Vorstand genommen, um die Vergütung des Direktors mit den Interessen der Aktionäre in Einklang zu bringen. Jede RSU wird 1:1 in Stammaktien der Klasse A umgewandelt und wird bei der frühesten der folgenden Ereignisse ausgegeben: Ausscheiden des Direktors, Kontrollwechsel oder Tod/Invalidität. Der angegebene Referenzpreis beträgt 11,56 $, wodurch die Zuteilung auf etwa 74.000 $ bewertet wird. Nach dieser Transaktion besitzt Herr Scott wirtschaftlich 97.704 derivative Wertpapiere (RSUs). Die Meldung ist mit „A� codiert, was auf einen Erwerb ohne Kauf am offenen Markt hinweist. Obwohl die Zuteilung den Insiderbesitz geringfügig erhöht, ist ihre Größe im Verhältnis zur Gesamtmarktkapitalisierung des Unternehmens unerheblich und ändert die Investmentthese nicht.

Positive
  • Director elected equity over cash, modestly enhancing alignment with shareholders.
Negative
  • None.

Insights

TL;DR: Routine RSU grant; minor positive governance, financially immaterial.

The Form 4 discloses a standard board-compensation election: Director Samuel C. Scott III chose 6,380 fully-vested RSUs instead of cash. At the reported $11.56 reference price, the award is worth about $74k—insignificant relative to GCMG’s market capitalization. Nevertheless, the choice to receive equity aligns director incentives with long-term shareholder value, a modest governance positive. No shares were sold, and total derivative holdings now stand at 97,704 units. There are no red flags or material valuation impacts; hence the disclosure is largely administrative.

Il 30 giugno 2025, il direttore di GCM Grosvenor Inc. (ticker GCMG), Samuel C. Scott III, ha presentato un Modulo 4 segnalando la ricezione di 6.380 Unità Azionarie Vincolate (RSU) completamente maturate nell'ambito del Piano Incentivi Modificato e Ristabilito 2020 della società. Le RSU sono state assegnate in sostituzione della compensazione trimestrale in contanti per il consiglio, allineando la remunerazione del direttore agli interessi degli azionisti. Ogni RSU si converte 1 a 1 in azioni ordinarie di Classe A e sarà consegnata al primo verificarsi tra la cessazione del servizio del direttore, un evento di cambio di controllo o morte/disabilità. Il prezzo di riferimento indicato è di 11,56 $, valutando l’assegnazione a circa 74 mila $. Dopo questa operazione, il sig. Scott possiede beneficiariamente 97.704 titoli derivati (RSU). La segnalazione è codificata come “A�, indicando un’acquisizione senza acquisto sul mercato aperto. Sebbene l’assegnazione aumenti leggermente la partecipazione degli insider, la sua dimensione è irrilevante rispetto alla capitalizzazione complessiva della società e non modifica la tesi di investimento.

El 30 de junio de 2025, el director de GCM Grosvenor Inc. (símbolo GCMG), Samuel C. Scott III, presentó un Formulario 4 informando la recepción de 6.380 Unidades Restringidas de Acciones (RSU) totalmente adquiridas bajo el Plan de Incentivos Modificado y Reexpresado 2020 de la compañía. Las RSU se otorgaron en lugar de la compensación trimestral en efectivo por la junta, alineando la remuneración del director con los intereses de los accionistas. Cada RSU se convierte 1 a 1 en acciones ordinarias Clase A y se entregará en la primera de las siguientes situaciones: separación del director del servicio, evento de cambio de control o fallecimiento/discapacidad. El precio de referencia listado es de 11,56 $, valorando la concesión en aproximadamente 74 mil $. Tras esta transacción, el Sr. Scott posee beneficiosamente 97.704 valores derivados (RSU). La presentación está codificada como “A�, indicando una adquisición sin compra en el mercado abierto. Aunque la concesión incrementa marginalmente la propiedad interna, su tamaño es insignificante para la capitalización total de la compañía y no altera la tesis de inversión.

2025� 6� 30�, GCM Grosvenor Inc. (티커 GCMG) 이사 Samuel C. Scott III가 회사� 수정 � 재확인된 2020 인센티브 보상 계획� 따라 완전� 권리 확정� 제한 주식 단위(RSU) 6,380�� 수령했음� 보고하는 Form 4� 제출했습니다. � RSU� 분기� 현금 이사� 보상 대� 지급되� 이사� 보상� 주주 이익� 일치시키� 목적입니�. � RSU� 클래� A 보통� 1주로 1대1 전환되며, 이사가 퇴임하거�, 경영� 변� 사건 발생, 또는 사망/장애 � 가� 빠른 시점� 지급됩니다. 기준 가격은 $11.56�, 이번 부� 가치는 � 74,000달러입니�. � 거래 � Scott 이사� 97,704개의 파생 증권(RSU)� 실질적으� 보유하게 됩니�. 제출 서류� “A� 코드� 표시되어 공개 시장에서� 매입 없이 취득했음� 나타냅니�. 이번 부여는 내부� 소유� 소폭 증가시키지�, 회사 전체 자본 규모� 비해 미미하며 투자 논리� 영향� 미치지 않습니다.

Le 30 juin 2025, le directeur de GCM Grosvenor Inc. (symbole GCMG), Samuel C. Scott III, a déposé un formulaire 4 signalant la réception de 6 380 unités d’actions restreintes (RSU) entièrement acquises dans le cadre du Plan de Récompenses Incitatives Modifié et Restitué de 2020 de la société. Les RSU ont été reçues en lieu et place de la rémunération trimestrielle en espèces du conseil, alignant ainsi la rémunération du directeur sur les intérêts des actionnaires. Chaque RSU se convertit à raison de 1 pour 1 en actions ordinaires de Classe A et sera livrée au premier des événements suivants : la séparation du directeur du service, un changement de contrôle, ou un décès/invalidité. Le prix de référence indiqué est de 11,56 $, valorisant la subvention à environ 74 000 $. Après cette opération, M. Scott détient bénéficiairement 97 704 titres dérivés (RSU). Le dépôt est codé “A�, indiquant une acquisition sans achat sur le marché ouvert. Bien que cette attribution augmente légèrement la détention des initiés, sa taille est négligeable par rapport à la capitalisation globale de la société et ne modifie pas la thèse d’investissement.

Am 30. Juni 2025 reichte GCM Grosvenor Inc. (Ticker GCMG) Direktor Samuel C. Scott III ein Formular 4 ein, in dem der Erhalt von 6.380 vollständig unverfallbaren Restricted Stock Units (RSUs) gemäß dem geänderten und neu gefassten Incentive Award Plan 2020 des Unternehmens gemeldet wurde. Die RSUs wurden anstelle der vierteljährlichen Barvergütung für den Vorstand genommen, um die Vergütung des Direktors mit den Interessen der Aktionäre in Einklang zu bringen. Jede RSU wird 1:1 in Stammaktien der Klasse A umgewandelt und wird bei der frühesten der folgenden Ereignisse ausgegeben: Ausscheiden des Direktors, Kontrollwechsel oder Tod/Invalidität. Der angegebene Referenzpreis beträgt 11,56 $, wodurch die Zuteilung auf etwa 74.000 $ bewertet wird. Nach dieser Transaktion besitzt Herr Scott wirtschaftlich 97.704 derivative Wertpapiere (RSUs). Die Meldung ist mit „A� codiert, was auf einen Erwerb ohne Kauf am offenen Markt hinweist. Obwohl die Zuteilung den Insiderbesitz geringfügig erhöht, ist ihre Größe im Verhältnis zur Gesamtmarktkapitalisierung des Unternehmens unerheblich und ändert die Investmentthese nicht.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Juran David B.

(Last) (First) (Middle)
C/O BRIDGEWATER BANCSHARES, INC.
4450 EXCELSIOR BLVD., SUITE 100

(Street)
ST. LOUIS PARK MN 55416

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bridgewater Bancshares Inc [ BWB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2025 A 1,235 A $0 1,345,544 D
Common Stok 86,775 I By Trust(1)
Common Stock 10,725 I By Trust(2)
Common Stock 8,532 I By Trust(3)
Common Stock 16,328 I By Trust(4)
Common Stock 121,301 I By Trust(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares of common stock are held by Mr. Juran as co-trustee of a Marital Trust dated June 18, 2002. Mr. Juran possesses shared voting and investment power with respect to the shares of common stock held under the trust.
2. Shares of common stock are held by Mr. Juran as co-trustee of a Residuary Trust dated June 18, 2002. Mr. Juran possesses shared voting and investment power with respect to the shares of common stock held under the trust.
3. Mr. Juran is attorney-in-fact for a trustee who holds 8,532 shares of common stock as trustee of a Revocable Trust dated January 31, 2014. Mr. Juran is not a trustee of the trust, however Mr. Juran may possess investment power with respect to the shares of common stock held under the trust.
4. Shares of common stock are held by Mr. Juran as trustee of Descendant's Separate Trust under a trust agreement dated September 17, 2018.
5. Shares of common stock are held by Mr. Juran as trustee of Martial Trust 2 under a trust agreement dated September 17, 2018.
/s/ Ben Klocke, Attorney-in-Fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GCMG report on Form 4 dated 06/30/2025?

Director Samuel C. Scott III received 6,380 fully-vested RSUs instead of cash compensation.

How much is the 6,380 RSU grant to Samuel C. Scott III worth?

At the reference price of $11.56, the grant is valued at approximately $74,000.

When do the RSUs granted to the GCMG director vest and settle?

They are fully vested on grant; shares are delivered upon separation, change-in-control, death, or disability.

How many derivative securities does the director hold after the transaction?

Samuel C. Scott III now beneficially owns 97,704 RSUs.

Does the Form 4 indicate any open-market purchase or sale of GCMG shares?

No. The transaction code is "A", reflecting an equity grant with no market transaction.
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