Shellberg Jeffrey D. 4
4 · Bridgewater Bancshares Inc · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Bridgewater Bancshares (BWB) Director Jeffrey Shellberg Sells 9,838 Shares
What Happened Jeffrey D. Shellberg, a director of Bridgewater Bancshares, sold 9,838 shares of the company's common stock on February 6, 2026. The shares were disposed at $18.89 per share for total proceeds of approximately $185,841. The Form 4 reports the transaction as an "S" (sale), listed as open-market/private sale.
Key Details
- Transaction date and price: Feb 6, 2026 — 9,838 shares at $18.89 each (total ≈ $185,841).
- Transaction type: Sale (Form 4 code S), reported as open-market/private sale.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1–F3 indicate the shares are held in three trusts (Jeffrey D. Shellberg Trust dated Oct 1, 2014; Susan K. Shellberg Family Trust dated July 16, 2024; Susan K. Shellberg Marital Trust dated July 16, 2024). Mr. Shellberg has voting and investment power over the shares held in these trusts.
- Filing timeliness: Reported and filed on Feb 6, 2026 (same date as the transaction), indicating a timely Form 4 filing.
Context This was a sale (disposition) of existing shares rather than a purchase or option exercise. Sales by insiders can be routine (e.g., for diversification or personal liquidity) and do not by themselves indicate company performance; purchases are generally considered a stronger signal of insider confidence. The trust holdings note shows these shares are held in trustee arrangements where Mr. Shellberg retains control over voting and investment decisions.
Insider Transaction Report
- Sale
Common Stock
2026-02-06$18.89/sh−9,838$185,841→ 266,187 total
- 355,000(indirect: By Trust)
Common Stock
[F1] - 87,000(indirect: By Trust)
Common Stock
[F2] - 65,000(indirect: By Trust)
Common Stock
[F3]
Footnotes (3)
- [F1]Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014.
- [F2]Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024.
- [F3]Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024.