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STOCK TITAN

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

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

Bridgewater Bancshares, Inc. (BWB) � Form 4 insider activity

Executive Vice President & Chief Strategy Officer Mary Jayne Crocker exercised employee stock options and acquired additional common shares on 06/17/2025.

  • Non-derivative transaction: 20,000 common shares acquired through option exercise (Code M) at an exercise price of $7.47 per share.
  • Post-transaction direct ownership rises to 202,985 common shares.

Derivative positions after the transaction

  • 130,000 remaining options with a $7.47 strike expiring 09/30/2027 (2017 plan, vesting 20 % annually from 10/01/2017).
  • 27,000 options at $12.92, expiring 12/06/2029 (2019 grant, 25 % annual vesting).
  • 20,000 options at $17.50, expiring 02/01/2032 (2022 grant, 25 % annual vesting).

No shares were sold and no open-market transactions were disclosed. The filing was signed by attorney-in-fact Ben Klocke on 06/18/2025.

For investors, the key takeaway is that a senior officer chose to convert options into stock without immediately liquidating the shares, modestly increasing her equity stake and potentially signalling confidence in the company’s prospects.

Bridgewater Bancshares, Inc. (BWB) � Attività insider Form 4

La Vicepresidente Esecutiva e Chief Strategy Officer Mary Jayne Crocker ha esercitato opzioni azionarie per dipendenti e acquisito ulteriori azioni ordinarie il 17/06/2025.

  • Transazione non derivata: acquisizione di 20.000 azioni ordinarie tramite esercizio di opzioni (Codice M) al prezzo di esercizio di 7,47 $ per azione.
  • La proprietà diretta post-transazione sale a 202.985 azioni ordinarie.

Posizioni derivati dopo la transazione

  • 130.000 opzioni residue con prezzo di esercizio 7,47 $ in scadenza il 30/09/2027 (piano 2017, maturazione 20% annua dal 01/10/2017).
  • 27.000 opzioni a 12,92 $, in scadenza il 06/12/2029 (concessione 2019, maturazione 25% annua).
  • 20.000 opzioni a 17,50 $, in scadenza il 01/02/2032 (concessione 2022, maturazione 25% annua).

Non sono state vendute azioni né sono state dichiarate transazioni sul mercato aperto. La dichiarazione è stata firmata dall’avvocato delegato Ben Klocke il 18/06/2025.

Per gli investitori, il punto chiave è che un dirigente senior ha scelto di convertire le opzioni in azioni senza liquidarle immediatamente, aumentando modestamente la sua partecipazione azionaria e potenzialmente segnalando fiducia nelle prospettive della società.

Bridgewater Bancshares, Inc. (BWB) � Actividad insider Formulario 4

La Vicepresidenta Ejecutiva y Directora de Estrategia Mary Jayne Crocker ejerció opciones sobre acciones para empleados y adquirió acciones comunes adicionales el 17/06/2025.

  • Transacción no derivada: adquisición de 20,000 acciones comunes mediante ejercicio de opciones (Código M) a un precio de ejercicio de $7.47 por acción.
  • La propiedad directa tras la transacción aumenta a 202,985 acciones comunes.

Posiciones derivadas después de la transacción

  • 130,000 opciones restantes con precio de ejercicio de $7.47 que vencen el 30/09/2027 (plan 2017, adquisición del 20% anual desde el 01/10/2017).
  • 27,000 opciones a $12.92, vencen el 06/12/2029 (concesión 2019, adquisición del 25% anual).
  • 20,000 opciones a $17.50, vencen el 01/02/2032 (concesión 2022, adquisición del 25% anual).

No se vendieron acciones ni se divulgaron transacciones en el mercado abierto. El formulario fue firmado por el apoderado Ben Klocke el 18/06/2025.

Para los inversores, la conclusión clave es que un alto ejecutivo decidió convertir opciones en acciones sin liquidarlas inmediatamente, aumentando modestamente su participación accionaria y posiblemente indicando confianza en las perspectivas de la compañía.

Bridgewater Bancshares, Inc. (BWB) � Form 4 내부� 활동

수석 부사장이자 최고 전략 책임자인 Mary Jayne Crocker가 직원 주식 옵션� 행사하여 2025� 6� 17�� 추가 보통주를 취득했습니다.

  • 비파� 거래: 옵션 행사(Code M)� 통해 주당 $7.47� 행사가격으� 20,000� 보통주를 취득.
  • 거래 � 직접 보유 주식 수는 202,985주로 증가.

거래 � 파생상품 포지�

  • 2027� 9� 30� 만료, 행사가 $7.47� 130,000� 옵션(2017� 계획, 2017� 10� 1일부� 매년 20% 베스�).
  • 2029� 12� 6� 만료, 행사가 $12.92� 27,000� 옵션(2019� 부�, 매년 25% 베스�).
  • 2032� 2� 1� 만료, 행사가 $17.50� 20,000� 옵션(2022� 부�, 매년 25% 베스�).

주식 매도� 공개 시장 거래� 없었으며, 서류� 법정대리인 Ben Klocke가 2025� 6� 18�� 서명했습니다.

투자자에� 중요� 점은 고위 임원� 주식� 즉시 매도하지 않고 옵션� 주식으로 전환하여 자신� 지분을 소폭 늘렸으며, 이는 회사� 전망� 대� 신뢰� 나타� � 있다� 것입니다.

Bridgewater Bancshares, Inc. (BWB) � Activité d'initié Formulaire 4

La Vice-Présidente Exécutive et Directrice de la Stratégie Mary Jayne Crocker a exercé des options d'achat d'actions pour employés et acquis des actions ordinaires supplémentaires le 17/06/2025.

  • Transaction non dérivée : acquisition de 20 000 actions ordinaires via l'exercice d'options (Code M) au prix d'exercice de 7,47 $ par action.
  • La détention directe post-transaction s'élève à 202 985 actions ordinaires.

Positions dérivées après la transaction

  • 130 000 options restantes avec un prix d'exercice de 7,47 $, expirant le 30/09/2027 (plan 2017, acquisition de 20 % par an depuis le 01/10/2017).
  • 27 000 options à 12,92 $, expirant le 06/12/2029 (attribution 2019, acquisition de 25 % par an).
  • 20 000 options à 17,50 $, expirant le 01/02/2032 (attribution 2022, acquisition de 25 % par an).

Aucune action n'a été vendue et aucune transaction sur le marché ouvert n'a été divulguée. Le dépôt a été signé par le mandataire Ben Klocke le 18/06/2025.

Pour les investisseurs, l'essentiel est qu'un cadre supérieur a choisi de convertir ses options en actions sans les liquider immédiatement, augmentant modestement sa participation et signalant potentiellement sa confiance dans les perspectives de l'entreprise.

Bridgewater Bancshares, Inc. (BWB) � Insider-Aktivitäten Form 4

Executive Vice President & Chief Strategy Officer Mary Jayne Crocker übte Mitarbeiteraktienoptionen aus und erwarb am 17.06.2025 zusätzliche Stammaktien.

  • Nicht-derivativer Handel: Erwerb von 20.000 Stammaktien durch Ausübung von Optionen (Code M) zu einem Ausübungspreis von 7,47 $ pro Aktie.
  • Direkter Besitz nach der Transaktion steigt auf 202.985 Stammaktien.

Derivative Positionen nach der Transaktion

  • 130.000 verbleibende Optionen mit einem Ausübungspreis von 7,47 $, Laufzeit bis 30.09.2027 (2017er Plan, 20 % jährliche Vesting ab 01.10.2017).
  • 27.000 Optionen zu 12,92 $, Laufzeit bis 06.12.2029 (2019er Gewährung, 25 % jährliches Vesting).
  • 20.000 Optionen zu 17,50 $, Laufzeit bis 01.02.2032 (2022er Gewährung, 25 % jährliches Vesting).

Es wurden keine Aktien verkauft und keine Transaktionen am offenen Markt gemeldet. Die Einreichung wurde am 18.06.2025 vom Bevollmächtigten Ben Klocke unterzeichnet.

Für Investoren ist die wichtigste Erkenntnis, dass eine leitende Führungskraft sich entschied, Optionen in Aktien umzuwandeln, ohne die Aktien sofort zu veräußern, wodurch sie ihren Anteil moderat erhöhte und möglicherweise Vertrauen in die Aussichten des Unternehmens signalisiert.

Positive
  • 20,000 shares acquired through option exercise with no corresponding sale, indicating insider stake expansion.
  • Timely Section 16 filing demonstrates strong compliance and transparency.
  • Remaining 177,000 options continue to align executive incentives with shareholder value.
Negative
  • None.

Insights

TL;DR: EVP exercised 20k options at $7.47, boosting direct stake to 202,985 shares; no sales—modestly bullish signal.

The exercise increases Ms. Crocker’s direct ownership by roughly 10 % (20,000 ÷ 182,985 pre-exercise). Because the options were in-the-money and have more than two years until expiration, accelerated exercise suggests either personal liquidity preference or a vote of confidence. Importantly, she retained the acquired shares rather than selling into the market, preserving upside participation. Remaining option inventory (177,000 shares across three strike prices) continues to align her incentives with shareholders. While the transaction size is relatively small versus BWB’s ~28 million share float, insider accumulation—especially absent concurrent sales—carries a positive signalling effect for sentiment-driven community bank stocks.

TL;DR: Routine plan-based option exercise; governance impact minimal but transparency intact.

The options stem from the 2017 Combined Incentive Plan and vest on a predetermined schedule, indicating compliance with shareholder-approved compensation structures. The Rule 10b5-1 checkbox is left blank, so the transaction does not rely on an affirmative-defense trading plan. Filing timeliness (next-day after exercise) fulfils Section 16 reporting requirements. From a governance standpoint, the activity is ordinary-course and does not alter board composition or control, thus neutral for control risk but still offers a mild positive signal due to increased ownership.

Bridgewater Bancshares, Inc. (BWB) � Attività insider Form 4

La Vicepresidente Esecutiva e Chief Strategy Officer Mary Jayne Crocker ha esercitato opzioni azionarie per dipendenti e acquisito ulteriori azioni ordinarie il 17/06/2025.

  • Transazione non derivata: acquisizione di 20.000 azioni ordinarie tramite esercizio di opzioni (Codice M) al prezzo di esercizio di 7,47 $ per azione.
  • La proprietà diretta post-transazione sale a 202.985 azioni ordinarie.

Posizioni derivati dopo la transazione

  • 130.000 opzioni residue con prezzo di esercizio 7,47 $ in scadenza il 30/09/2027 (piano 2017, maturazione 20% annua dal 01/10/2017).
  • 27.000 opzioni a 12,92 $, in scadenza il 06/12/2029 (concessione 2019, maturazione 25% annua).
  • 20.000 opzioni a 17,50 $, in scadenza il 01/02/2032 (concessione 2022, maturazione 25% annua).

Non sono state vendute azioni né sono state dichiarate transazioni sul mercato aperto. La dichiarazione è stata firmata dall’avvocato delegato Ben Klocke il 18/06/2025.

Per gli investitori, il punto chiave è che un dirigente senior ha scelto di convertire le opzioni in azioni senza liquidarle immediatamente, aumentando modestamente la sua partecipazione azionaria e potenzialmente segnalando fiducia nelle prospettive della società.

Bridgewater Bancshares, Inc. (BWB) � Actividad insider Formulario 4

La Vicepresidenta Ejecutiva y Directora de Estrategia Mary Jayne Crocker ejerció opciones sobre acciones para empleados y adquirió acciones comunes adicionales el 17/06/2025.

  • Transacción no derivada: adquisición de 20,000 acciones comunes mediante ejercicio de opciones (Código M) a un precio de ejercicio de $7.47 por acción.
  • La propiedad directa tras la transacción aumenta a 202,985 acciones comunes.

Posiciones derivadas después de la transacción

  • 130,000 opciones restantes con precio de ejercicio de $7.47 que vencen el 30/09/2027 (plan 2017, adquisición del 20% anual desde el 01/10/2017).
  • 27,000 opciones a $12.92, vencen el 06/12/2029 (concesión 2019, adquisición del 25% anual).
  • 20,000 opciones a $17.50, vencen el 01/02/2032 (concesión 2022, adquisición del 25% anual).

No se vendieron acciones ni se divulgaron transacciones en el mercado abierto. El formulario fue firmado por el apoderado Ben Klocke el 18/06/2025.

Para los inversores, la conclusión clave es que un alto ejecutivo decidió convertir opciones en acciones sin liquidarlas inmediatamente, aumentando modestamente su participación accionaria y posiblemente indicando confianza en las perspectivas de la compañía.

Bridgewater Bancshares, Inc. (BWB) � Form 4 내부� 활동

수석 부사장이자 최고 전략 책임자인 Mary Jayne Crocker가 직원 주식 옵션� 행사하여 2025� 6� 17�� 추가 보통주를 취득했습니다.

  • 비파� 거래: 옵션 행사(Code M)� 통해 주당 $7.47� 행사가격으� 20,000� 보통주를 취득.
  • 거래 � 직접 보유 주식 수는 202,985주로 증가.

거래 � 파생상품 포지�

  • 2027� 9� 30� 만료, 행사가 $7.47� 130,000� 옵션(2017� 계획, 2017� 10� 1일부� 매년 20% 베스�).
  • 2029� 12� 6� 만료, 행사가 $12.92� 27,000� 옵션(2019� 부�, 매년 25% 베스�).
  • 2032� 2� 1� 만료, 행사가 $17.50� 20,000� 옵션(2022� 부�, 매년 25% 베스�).

주식 매도� 공개 시장 거래� 없었으며, 서류� 법정대리인 Ben Klocke가 2025� 6� 18�� 서명했습니다.

투자자에� 중요� 점은 고위 임원� 주식� 즉시 매도하지 않고 옵션� 주식으로 전환하여 자신� 지분을 소폭 늘렸으며, 이는 회사� 전망� 대� 신뢰� 나타� � 있다� 것입니다.

Bridgewater Bancshares, Inc. (BWB) � Activité d'initié Formulaire 4

La Vice-Présidente Exécutive et Directrice de la Stratégie Mary Jayne Crocker a exercé des options d'achat d'actions pour employés et acquis des actions ordinaires supplémentaires le 17/06/2025.

  • Transaction non dérivée : acquisition de 20 000 actions ordinaires via l'exercice d'options (Code M) au prix d'exercice de 7,47 $ par action.
  • La détention directe post-transaction s'élève à 202 985 actions ordinaires.

Positions dérivées après la transaction

  • 130 000 options restantes avec un prix d'exercice de 7,47 $, expirant le 30/09/2027 (plan 2017, acquisition de 20 % par an depuis le 01/10/2017).
  • 27 000 options à 12,92 $, expirant le 06/12/2029 (attribution 2019, acquisition de 25 % par an).
  • 20 000 options à 17,50 $, expirant le 01/02/2032 (attribution 2022, acquisition de 25 % par an).

Aucune action n'a été vendue et aucune transaction sur le marché ouvert n'a été divulguée. Le dépôt a été signé par le mandataire Ben Klocke le 18/06/2025.

Pour les investisseurs, l'essentiel est qu'un cadre supérieur a choisi de convertir ses options en actions sans les liquider immédiatement, augmentant modestement sa participation et signalant potentiellement sa confiance dans les perspectives de l'entreprise.

Bridgewater Bancshares, Inc. (BWB) � Insider-Aktivitäten Form 4

Executive Vice President & Chief Strategy Officer Mary Jayne Crocker übte Mitarbeiteraktienoptionen aus und erwarb am 17.06.2025 zusätzliche Stammaktien.

  • Nicht-derivativer Handel: Erwerb von 20.000 Stammaktien durch Ausübung von Optionen (Code M) zu einem Ausübungspreis von 7,47 $ pro Aktie.
  • Direkter Besitz nach der Transaktion steigt auf 202.985 Stammaktien.

Derivative Positionen nach der Transaktion

  • 130.000 verbleibende Optionen mit einem Ausübungspreis von 7,47 $, Laufzeit bis 30.09.2027 (2017er Plan, 20 % jährliche Vesting ab 01.10.2017).
  • 27.000 Optionen zu 12,92 $, Laufzeit bis 06.12.2029 (2019er Gewährung, 25 % jährliches Vesting).
  • 20.000 Optionen zu 17,50 $, Laufzeit bis 01.02.2032 (2022er Gewährung, 25 % jährliches Vesting).

Es wurden keine Aktien verkauft und keine Transaktionen am offenen Markt gemeldet. Die Einreichung wurde am 18.06.2025 vom Bevollmächtigten Ben Klocke unterzeichnet.

Für Investoren ist die wichtigste Erkenntnis, dass eine leitende Führungskraft sich entschied, Optionen in Aktien umzuwandeln, ohne die Aktien sofort zu veräußern, wodurch sie ihren Anteil moderat erhöhte und möglicherweise Vertrauen in die Aussichten des Unternehmens signalisiert.

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*
Crocker Mary Jayne

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & CHIEF STRATEGY OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
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 06/17/2025 M 20,000 A $7.47 202,985 D
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
Option to buy(1) $7.47 06/17/2025 M 20,000 (2) 09/30/2027 Common Stock 20,000 $7.47 130,000 D
Option to buy(1) $12.92 (3) 12/06/2029 Common Stock 27,000 27,000 D
Option to buy(1) $17.5 (4) 02/01/2032 Common Stock 20,000 20,000 D
Explanation of Responses:
1. Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
2. Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
3. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
4. Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.
/s/ Ben Klocke, Attorney-in-Fact 06/18/2025
** 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

How many Bridgewater Bancshares (BWB) shares did EVP Mary Jayne Crocker acquire?

She acquired 20,000 common shares on 06/17/2025 through option exercise.

What was the exercise price for the options converted on 06/17/2025?

The options were exercised at an exercise price of $7.47 per share.

Did the insider sell any Bridgewater Bancshares shares in this Form 4 filing?

No. The filing shows only an acquisition of shares; no sales were reported.

What is the executive's total direct share ownership after the transaction?

Mary Jayne Crocker now directly owns 202,985 shares of Bridgewater Bancshares common stock.

How many options does the insider still hold following the transaction?

She retains 177,000 options: 130,000 at $7.47, 27,000 at $12.92, and 20,000 at $17.50.
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