Place Nicholas L. 4

What Happened
Nicholas L. Place, Chief Banking Officer of Bridgewater Bancshares (BWB), received a grant of 15,022 shares (code A) and had 1,943 shares sold to satisfy tax withholding (code F). The withheld shares were sold in two transactions: 1,389 shares at $19.63 on 2026-02-02 ($27,266) and 554 shares at $19.54 on 2026-02-03 ($10,825). The grant shows acquisition at $0, indicating an award/issuance tied to equity compensation and a likely cashless/tax withholding settlement.

Key Details

• Transaction dates and prices:
  • 2026-02-02: 1,389 shares sold at $19.63 — proceeds $27,266 (tax withholding)
  • 2026-02-03: 554 shares sold at $19.54 — proceeds $10,825 (tax withholding)
  • 2026-02-03: 15,022 shares acquired at $0 (award/grant)
• Total shares sold to cover taxes: 1,943; total proceeds ≈ $38,091
• Filing date: 2026-02-04. The report was filed within the standard two-business-day window following the transactions.
• Footnote/transaction codes: A = grant/award (acquisition); F = payment of exercise price or tax liability (shares withheld/sold to cover taxes).
• Shares owned after the transactions are not specified in the provided filing details.

Context
This was not an open-market purchase — the filing shows an equity award to the officer and simultaneous tax-withholding sales. Such withholding sales are routine administrative actions to satisfy tax obligations and do not necessarily signal a change in the insider’s view of the company.