Bridgewater Bancshares (BWB) CEO Jerry J. Baack Sells Shares

What Happened
Jerry J. Baack, CEO and director of Bridgewater Bancshares, sold a total of 27,234 shares in two open-market transactions. On 2026-07-27 he sold 15,900 shares at a weighted-average price of $20.80 for proceeds of $330,785, and on 2026-07-29 he sold 11,334 shares at a weighted-average price of $20.91 for proceeds of $236,979. These were outright sales (transaction code S), not purchases or option exercises, and together generated roughly $567,764 in proceeds. Sales by executives are often routine (e.g., diversification or liquidity) and are not in themselves a clear bullish signal.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-07-27: 15,900 shares at $20.80 (total $330,785). Footnote F1: prices ranged $20.80–$20.85 across multiple trades.
  • 2026-07-29: 11,334 shares at $20.91 (total $236,979). Footnote F2: prices ranged $20.81–$21.015 across multiple trades.
• Total shares sold: 27,234; total proceeds: ≈ $567,764.
• Shares owned after the transactions: not provided in the excerpt of the filing.
• Filing date: 2026-07-29 covering the July 27 transaction(s); Form 4 is generally due within two business days, so this filing appears to be timely.
• Transaction type: S = sale (open-market or private sale). Footnotes state the reported prices are weighted averages and Baack can provide a breakdown of individual trade prices on request.

Context
For retail investors, purchases by insiders can be a stronger signal than sales. Sales by executives can reflect many reasons (taxes, diversification, personal liquidity) and should be interpreted cautiously. This report documents routine open-market sales by the CEO rather than option exercises, gifts, or new awards.