Chybowski Joseph M. 4
4 · Bridgewater Bancshares Inc · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Bridgewater Bancshares (BWB) CFO Joseph Chybowski Exercises Options, Sells Shares
What Happened
Joseph M. Chybowski, President & CFO of Bridgewater Bancshares, exercised 7,000 stock options (reported acquisition at $7.47/share, total cost $52,290) on 2026-06-05 and immediately sold 7,000 shares in the open market for a weighted average price of $18.96/share, generating proceeds of $132,716. The net cash difference before taxes and fees was about $80,426. The filing also records a related derivative conversion/disposition of 7,000 shares at $0.00 as part of the exercise reporting.
Key Details
- Transaction date: 2026-06-05 (filed same day).
- Exercise: 7,000 shares at $7.47 each — total $52,290 (transaction code M).
- Sale: 7,000 shares sold in multiple trades, weighted average $18.96 each — total $132,716 (transaction code S). Sales ranged $18.95–$19.02 per F1.
- Net proceeds (gross sale minus exercise cost, before taxes/fees): ≈ $80,426.
- Filing shows an additional derivative conversion/disposition of 7,000 shares at $0.00 (reported as M/Disposed).
- Shares owned after the transactions: not specified in the provided data.
- Notable footnotes: F1 notes weighted-average sale price and per-trade price range; F2–F6 reference the option plans and vesting schedules under which the options were granted.
- Timeliness: Reported same day (no late filing indicated). No 10b5‑1 plan or tax-withholding specifics disclosed in the provided excerpt.
Context
This was an exercise-and-sell (cashless-style) transaction: options were exercised and the resulting shares were sold immediately in the market. Such transactions are commonly used to realize gains from vested options and do not necessarily signal a change in the insider’s view of the company. Transaction codes: M = option exercise/conversion, S = open-market sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-05$7.47/sh+7,000$52,290→ 125,501 total - Sale
Common Stock
[F1]2026-06-05$18.96/sh−7,000$132,716→ 118,501 total - Exercise/Conversion
Option to buy
[F2][F3]2026-06-05−7,000→ 129,500 totalExercise: $7.47Exp: 2027-09-30→ Common Stock (7,000 underlying)
- 1,000(indirect: By Spouse)
Common Stock
- 23,000
Option to buy
[F4][F5]Exercise: $12.92Exp: 2029-12-06→ Common Stock (23,000 underlying) - 20,000
Option to buy
[F4][F6]Exercise: $17.50Exp: 2032-02-01→ Common Stock (20,000 underlying) - 30,000
Option to buy
[F2][F6]Exercise: $17.50Exp: 2032-02-01→ Common Stock (30,000 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.95 to $19.02, inclusive. The reporting person undertakes to provide to Bridgewater Bancshares, Inc., any security holder of Bridgewater Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote to this Form 4.
- [F2]Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
- [F3]Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
- [F4]Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
- [F5]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
- [F6]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.