Bridgewater Bancshares (BWB) Director Todd B. Urness Receives 969 Shares

What Happened Todd B. Urness, a director of Bridgewater Bancshares Inc. (BWB), received an award of 969 shares on September 30, 2026. The Form 4 reports the acquisition as 969 shares at $0.00 (total reported value $0), coded as an award/grant (transaction code A). This was an acquisition of shares (award), not an open‑market purchase or sale.

Key Details

• Transaction date and filing date: 2026-09-30 (Period of Report and filing accession both 2026-09-30). Appears to be filed same day.
• Transaction type/code: Award/Grant (A).
• Shares acquired: 969; Price per share reported: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Shares are held by the Todd B. Urness Revocable Trust (dated May 21, 2024); Mr. Urness has sole voting and investment power over those shares (per footnote F1).
• No indication of a 10b5-1 plan, tax withholding, cashless exercise, or late filing in the provided data.

Context An award/grant to a director is typically part of compensation or board equity arrangements and differs from an open‑market purchase (which some investors view as a stronger bullish signal). Because the shares are held in a revocable trust with sole voting and investment power, Mr. Urness effectively controls the awarded shares. This filing is informational and does not, by itself, indicate the insider’s view of the company’s near‑term stock prospects.