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

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

Bridgewater Bancshares Inc. (BWB) � Form 4 insider transaction

Director Thomas P. Trutna reported the acquisition of 617 shares of Bridgewater Bancshares common stock on 30 June 2025. The filing lists the transaction code "A" (acquired) at a stated price of $0.00, implying the shares were received without cash consideration (e.g., a board grant or similar award as permitted under SEC rules). Following the transaction, Trutna’s total direct beneficial ownership increases to 100,648 shares. No derivative securities were reported, and there were no dispositions.

The form was signed by Attorney-in-Fact Ben Klocke on 1 July 2025. No amendments or additional reporting persons were indicated.

Bridgewater Bancshares Inc. (BWB) � Transazione interna Form 4

Il direttore Thomas P. Trutna ha segnalato l'acquisizione di 617 azioni ordinarie di Bridgewater Bancshares il 30 giugno 2025. Nel modulo è indicato il codice transazione "A" (acquisito) con un prezzo dichiarato di $0,00, il che implica che le azioni sono state ricevute senza alcun corrispettivo in denaro (ad esempio, una concessione da parte del consiglio o un premio simile consentito dalle norme SEC). Dopo questa operazione, la proprietà diretta totale di Trutna aumenta a 100.648 azioni. Non sono stati segnalati titoli derivati né cessioni.

Il modulo è stato firmato dall’Avvocato delegato Ben Klocke il 1 luglio 2025. Non sono state indicate modifiche o ulteriori persone segnalanti.

Bridgewater Bancshares Inc. (BWB) � Transacción interna Formulario 4

El director Thomas P. Trutna reportó la adquisición de 617 acciones comunes de Bridgewater Bancshares el 30 de junio de 2025. El formulario indica el código de transacción "A" (adquirido) con un precio declarado de $0.00, lo que implica que las acciones se recibieron sin consideración monetaria (por ejemplo, una concesión del consejo o un premio similar permitido bajo las normas de la SEC). Tras la transacción, la propiedad directa total de Trutna aumenta a 100,648 acciones. No se reportaron valores derivados ni disposiciones.

El formulario fue firmado por el apoderado Ben Klocke el 1 de julio de 2025. No se indicaron enmiendas ni personas adicionales que reportaran.

Bridgewater Bancshares Inc. (BWB) � Form 4 내부� 거래

이사 Thomas P. Trutna가 2025� 6� 30�� Bridgewater Bancshares 보통� 617�� 취득했다� 보고했습니다. 신고서에� 거래 코드 "A" (취득)와 명시� 가� $0.00� 기재되어 있어, 현금 대가 없이 주식� 받은 것으� 해석됩니�(�: 이사� 보조� 또는 SEC 규정� 따른 유사� 보상). 이번 거래 � Trutna� 직접� 실질 소유 주식 총수� 100,648�� 증가했습니다. 파생 증권 신고� 처분은 없었습니�.

해당 서류� 법정대리인 Ben Klocke가 2025� 7� 1�� 서명했습니다. 수정 사항이나 추가 보고자는 없었습니�.

Bridgewater Bancshares Inc. (BWB) � Transaction d’initié Formulaire 4

Le directeur Thomas P. Trutna a déclaré l’acquisition de 617 actions ordinaires de Bridgewater Bancshares le 30 juin 2025. Le formulaire indique le code de transaction « A » (acquis) à un prix déclaré de 0,00 $, ce qui implique que les actions ont été reçues sans contrepartie financière (par exemple, une attribution du conseil d’administration ou une récompense similaire autorisée par les règles de la SEC). Suite à cette transaction, la propriété directe totale de Trutna s’élève à 100 648 actions. Aucun titre dérivé n’a été signalé, et aucune cession n’a eu lieu.

Le formulaire a été signé par le mandataire Ben Klocke le 1er juillet 2025. Aucune modification ni personne supplémentaire déclarant n’a été indiquée.

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

Direktor Thomas P. Trutna meldete den Erwerb von 617 Aktien der Bridgewater Bancshares Stammaktien am 30. Juni 2025. Im Formular wird der Transaktionscode "A" (erworben) mit einem angegebenen Preis von $0,00 aufgeführt, was darauf hindeutet, dass die Aktien ohne Geldzahlung erhalten wurden (z. B. eine Zuteilung durch den Vorstand oder eine ähnliche Auszeichnung gemäß SEC-Vorschriften). Nach der Transaktion erhöht sich Trutnas gesamtes direktes wirtschaftliches Eigentum auf 100.648 Aktien. Es wurden keine Derivate gemeldet und keine Veräußerungen vorgenommen.

Das Formular wurde am 1. Juli 2025 vom Bevollmächtigten Ben Klocke unterzeichnet. Es wurden keine Änderungen oder zusätzliche meldende Personen angegeben.

Positive
  • Insider acquisition: Director Thomas P. Trutna increased his direct ownership by 617 shares, a nominal but positive alignment of interests with shareholders.
Negative
  • None.

Insights

TL;DR Minor insider purchase (617 shares) slightly raises director’s stake; immaterial to valuation, modest signal of confidence.

The reported acquisition adds less than 1% to Mr. Trutna’s holdings, bringing him to roughly 100.6 k shares. While insider buys are generally viewed as constructive, the small size relative to both the insider’s existing stake and BWB’s ~29 m share float limits market impact. No cash outlay (price $0) suggests the shares were an award rather than open-market buying, further reducing informational value. Overall, the filing is routine and not expected to affect earnings outlook, capital structure, or liquidity.

TL;DR Routine equity award to director; governance-compliant, neutral impact on shareholder interests.

The transaction follows Section 16 reporting requirements and was timely filed. The lack of derivative activity and the small absolute share count signal a standard director compensation grant. No red flags regarding control concentration or unusual trading patterns appear. Consequently, this filing neither strengthens nor weakens governance quality beyond existing frameworks.

Bridgewater Bancshares Inc. (BWB) � Transazione interna Form 4

Il direttore Thomas P. Trutna ha segnalato l'acquisizione di 617 azioni ordinarie di Bridgewater Bancshares il 30 giugno 2025. Nel modulo è indicato il codice transazione "A" (acquisito) con un prezzo dichiarato di $0,00, il che implica che le azioni sono state ricevute senza alcun corrispettivo in denaro (ad esempio, una concessione da parte del consiglio o un premio simile consentito dalle norme SEC). Dopo questa operazione, la proprietà diretta totale di Trutna aumenta a 100.648 azioni. Non sono stati segnalati titoli derivati né cessioni.

Il modulo è stato firmato dall’Avvocato delegato Ben Klocke il 1 luglio 2025. Non sono state indicate modifiche o ulteriori persone segnalanti.

Bridgewater Bancshares Inc. (BWB) � Transacción interna Formulario 4

El director Thomas P. Trutna reportó la adquisición de 617 acciones comunes de Bridgewater Bancshares el 30 de junio de 2025. El formulario indica el código de transacción "A" (adquirido) con un precio declarado de $0.00, lo que implica que las acciones se recibieron sin consideración monetaria (por ejemplo, una concesión del consejo o un premio similar permitido bajo las normas de la SEC). Tras la transacción, la propiedad directa total de Trutna aumenta a 100,648 acciones. No se reportaron valores derivados ni disposiciones.

El formulario fue firmado por el apoderado Ben Klocke el 1 de julio de 2025. No se indicaron enmiendas ni personas adicionales que reportaran.

Bridgewater Bancshares Inc. (BWB) � Form 4 내부� 거래

이사 Thomas P. Trutna가 2025� 6� 30�� Bridgewater Bancshares 보통� 617�� 취득했다� 보고했습니다. 신고서에� 거래 코드 "A" (취득)와 명시� 가� $0.00� 기재되어 있어, 현금 대가 없이 주식� 받은 것으� 해석됩니�(�: 이사� 보조� 또는 SEC 규정� 따른 유사� 보상). 이번 거래 � Trutna� 직접� 실질 소유 주식 총수� 100,648�� 증가했습니다. 파생 증권 신고� 처분은 없었습니�.

해당 서류� 법정대리인 Ben Klocke가 2025� 7� 1�� 서명했습니다. 수정 사항이나 추가 보고자는 없었습니�.

Bridgewater Bancshares Inc. (BWB) � Transaction d’initié Formulaire 4

Le directeur Thomas P. Trutna a déclaré l’acquisition de 617 actions ordinaires de Bridgewater Bancshares le 30 juin 2025. Le formulaire indique le code de transaction « A » (acquis) à un prix déclaré de 0,00 $, ce qui implique que les actions ont été reçues sans contrepartie financière (par exemple, une attribution du conseil d’administration ou une récompense similaire autorisée par les règles de la SEC). Suite à cette transaction, la propriété directe totale de Trutna s’élève à 100 648 actions. Aucun titre dérivé n’a été signalé, et aucune cession n’a eu lieu.

Le formulaire a été signé par le mandataire Ben Klocke le 1er juillet 2025. Aucune modification ni personne supplémentaire déclarant n’a été indiquée.

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

Direktor Thomas P. Trutna meldete den Erwerb von 617 Aktien der Bridgewater Bancshares Stammaktien am 30. Juni 2025. Im Formular wird der Transaktionscode "A" (erworben) mit einem angegebenen Preis von $0,00 aufgeführt, was darauf hindeutet, dass die Aktien ohne Geldzahlung erhalten wurden (z. B. eine Zuteilung durch den Vorstand oder eine ähnliche Auszeichnung gemäß SEC-Vorschriften). Nach der Transaktion erhöht sich Trutnas gesamtes direktes wirtschaftliches Eigentum auf 100.648 Aktien. Es wurden keine Derivate gemeldet und keine Veräußerungen vorgenommen.

Das Formular wurde am 1. Juli 2025 vom Bevollmächtigten Ben Klocke unterzeichnet. Es wurden keine Änderungen oder zusätzliche meldende Personen angegeben.

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*
Trutna Thomas P.

(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 617 A $0 100,648 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
Explanation of Responses:
/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

How many Bridgewater Bancshares (BWB) shares did the director acquire?

Thomas P. Trutna acquired 617 common shares on 30 June 2025.

What is the director’s total ownership after the transaction?

Following the acquisition, Mr. Trutna beneficially owns 100,648 BWB shares directly.

Did the insider pay cash for the shares?

The Form 4 lists a price of $0.00, indicating the shares were received without cash consideration.

Were any derivative securities involved in this Form 4 filing?

No. The filing shows no derivative securities acquired or disposed of.

Does this Form 4 filing indicate any share sales by the insider?

No sales were reported; the filing only discloses an acquisition of common stock.
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