Bridgewater Bancshares (BWB) Director Mary Jayne Crocker Buys 205 Shares

What Happened
Mary Jayne Crocker, a director of Bridgewater Bancshares Inc. (BWB), made an open-market purchase (code P) of 205 depositary shares on 2026-05-11 at $20.00 per share, for a total cash outlay of $4,100. This transaction was a purchase (acquisition), which is generally viewed as a straightforward insider buy rather than a sale.

Key Details

• Transaction date: 2026-05-11; Filing date: 2026-05-12 (timely — within required Form 4 window).
• Transaction type/code: Open market purchase (P).
• Shares purchased: 205 depositary shares at $20.00 each; total value $4,100.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Footnote: Each depositary share represents a 1/100th interest in a share of the issuer’s 5.875% Non‑Cumulative Perpetual Preferred Stock, Series A — 205 depositary shares equal a 2.05 share interest in that preferred series.
• No indication of a 10% owner status, option exercise, gift, or tax-withholding reported in this filing.

Context

• Purchases by directors can signal confidence but are one data point; the amount here is modest ($4,100).
• The instrument bought is a depositary share (fractional interest in preferred stock), not a regular common share — treat its economic exposure differently than common equity.