Urness Todd B. 4

What Happened Todd B. Urness, a director of Bridgewater Bancshares, was granted/received 959 shares on 2026-06-30. The Form 4 reports the acquisition price as $0.00 per share (total $0). This was an award/grant (not an open-market purchase or sale) and typically reflects compensation or a board equity grant rather than a cash purchase.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (no late filing indicated).
• Transaction type: Award/Grant (code A). Price: $0.00 per share; total reported value $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The 959 shares are held by the Todd B. Urness Revocable Trust (dated May 21, 2024); Mr. Urness has sole voting and investment power as trustee.
• No indication of a 10b5-1 plan, cashless exercise, tax withholding, or other special handling in the provided excerpt.

Context Equity awards to directors are common as part of compensation and often come with vesting or transfer restrictions; a $0 grant price on a Form 4 usually reflects a granted award rather than a market purchase. For retail investors, purchases or open-market buys are often more informative about an insider’s market sentiment than routine grants.