Trutna Thomas P. 4

What Happened
Thomas P. Trutna, a director of Bridgewater Bancshares, sold 13,000 shares on February 10, 2026. The shares were sold at a weighted average price of $19.51 per share for total proceeds of approximately $253,691. This was a disposition (sale), which is typically routine insider selling rather than a direct bullish signal.

Key Details

• Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12)
• Transaction type: Sale (open market or private sale) — Code S
• Price: Weighted average $19.51; actual trades ranged from $19.50 to $19.63 (see footnote F1)
• Shares sold: 13,000; proceeds ≈ $253,691
• Shares owned after transaction: Not disclosed in this filing
• Notable footnote: F1 states the reported price is a weighted average and the sale occurred in multiple transactions at prices between $19.50 and $19.63; the reporting person can provide a per-trade breakdown on request
• Timeliness: Filing dated 2026-02-12 for a 2026-02-10 transaction — appears to meet the SEC’s 2-business-day Form 4 filing requirement

Context
This filing reports a straight sale by a company director. Sales by insiders can be routine (cash needs, portfolio rebalancing, or other personal reasons) and are generally less informative than purchases when inferring insider sentiment. No 10b5-1 plan, option exercise, gift, or tax-withholding event is reported in this filing.