Crocker Mary Jayne 4
4 · Bridgewater Bancshares Inc · Filed Aug 3, 2026
Research Summary
AI-generated summary of this filing
Bridgewater (BWB) Director Mary Jayne Crocker Exercises Options, Sells Stock
What Happened
Mary Jayne Crocker, a director of Bridgewater Bancshares Inc (BWB), exercised stock options in late July 2026 and acquired shares at an exercise price of $7.47. Per the filing she acquired 31 shares on 2026-07-30 (value shown $232) and 39,958 shares on 2026-07-31 (value shown $298,486). To satisfy withholding/tax obligations related to the exercise, 14,575 shares were disposed on 2026-07-31 at $20.48 for proceeds of $298,496. There was also a small open-market sale of 11 shares on 2026-07-30 for $233. The filing shows corresponding derivative cancellations at $0, which reflect the options being exercised and surrendered.
Key Details
- Transaction dates and prices:
- 2026-07-30: Exercised 31 options @ $7.47 (acquired; filing shows $232). Also sold 11 shares in open market @ $21.21 for $233.
- 2026-07-31: Exercised 39,958 options @ $7.47 (acquired; filing shows $298,486). 14,575 shares disposed to pay exercise price/taxes @ $20.48 for $298,496.
- Derivative entries showing $0 disposed reflect cancellation of option instruments upon exercise.
- Shares acquired via exercise (total): 39,989 shares (31 + 39,958). Shares sold/withheld: 14,586 total (14,575 withheld + 11 open-market).
- Shares owned after the transactions: not reported in the excerpt provided.
- Footnotes: Options were granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan (F1). Vesting schedules referenced in the filing include grants dated 10/1/2017 (20% increments over 5 years, F2), 12/6/2019 (25% increments over 4 years, F3), and 2/1/2022 (25% increments over 4 years, F4).
- Filing timeliness: no late-filing flag provided in the supplied data.
Context
These transactions are option exercises (code M) with shares sold to cover tax/withholding obligations (code F), which is a common post-exercise step and often routine. The exercise price ($7.47) is substantially below the sale/withholding price ($20.48), which produced the cash used to cover taxes. The small 11-share open-market sale is minor. Exercises do show an insider acquiring shares, but the withholding sale indicates cashless elements to the transaction rather than an outright open-market investment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-07-30$7.47/sh+31$232→ 210,012 total - Sale
Common Stock
2026-07-30$21.21/sh−11$233→ 210,001 total - Exercise/Conversion
Common Stock
2026-07-31$7.47/sh+39,958$298,486→ 249,959 total - Tax Payment
Common Stock
2026-07-31$20.48/sh−14,575$298,496→ 235,384 total - Exercise/Conversion
Option to buy
[F1][F2]2026-07-30−31→ 91,071 totalExercise: $7.47Exp: 2027-09-30→ Common Stock (31 underlying) - Exercise/Conversion
Option to buy
[F1][F2]2026-07-31−39,958→ 51,113 totalExercise: $7.47Exp: 2027-09-30→ Common Stock (39,958 underlying)
- 20,250
Option to buy
[F1][F3]Exercise: $12.92Exp: 2029-12-06→ Common Stock (20,250 underlying) - 20,000
Option to buy
[F1][F4]Exercise: $17.50Exp: 2032-02-01→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
- [F2]Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
- [F3]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
- [F4]Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.