Crocker Mary Jayne 4

What Happened

• Mary Jayne Crocker, EVP & Chief Strategy Officer of Bridgewater Bancshares Inc. (BWB), had a total of 2,227 shares disposed to satisfy tax liabilities related to equity compensation. The transactions were recorded as tax-withholding disposals (code F): 1,588 shares at $19.63 on 2026-02-02 ($31,172) and 639 shares at $19.54 on 2026-02-03 ($12,486), for a combined value of $43,658.
• This was a withholding of shares to cover taxes (not an open-market sale), a routine administrative step following an option exercise or award vesting.

Key Details

• Transaction dates and prices: 2026-02-02 — 1,588 shares @ $19.63; 2026-02-03 — 639 shares @ $19.54.
• Total shares withheld/disposed: 2,227 shares; total value: $43,658.
• Transaction code: F (payment of exercise price or tax liability — shares withheld to cover taxes).
• Filing: Form 4 filed 2026-02-04; appears timely based on the reported transaction dates.
• Shares owned after transaction: not specified in the summary provided — see the filed Form 4 for post-transaction holdings and exact footnotes.

Context

• Code F typically indicates shares were retained by the company or broker to satisfy tax withholding due when options are exercised or restricted shares vest (a cashless/withholding disposition). This is an administrative action and does not necessarily reflect a decision to sell shares on the open market.
• For retail investors, outright purchases by insiders are generally more indicative of bullish conviction; tax-withholding disposals are common and routine.