Shellberg Jeffrey D. 4

4 · Bridgewater Bancshares Inc · Filed Sep 12, 2025

Form 4

Period: 2025-09-10

Director

Transactions

Exercise/Conversion
Common Stock
2025-09-10$7.47/sh+54,882$409,969→ 344,495 total
Exercise/Conversion
Option to buy
2025-09-10−54,882→ 95,118 total
Exercise: $7.47Exp: 2027-09-30→ Common Stock (54,882 underlying)

Holdings

Common Stock
(indirect: By Trust)
317,390
Common Stock
(indirect: By Trust)
65,000
Option to buy
Exercise: $12.92Exp: 2029-12-06→ Common Stock (25,000 underlying)
25,000
Option to buy
Exercise: $17.50Exp: 2032-02-01→ Common Stock (20,000 underlying)
20,000
Common Stock
(indirect: By Trust)
87,000

Footnotes (7)

[F1]Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014.
[F2]Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024.
[F3]Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024.
[F4]Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
[F5]Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
[F6]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
[F7]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.

Documents

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