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

What Happened

• Jerry J. Baack, CEO and director of Bridgewater Bancshares, sold a total of 25,000 shares in open-market transactions. On 2026-08-13 he sold 10,000 shares at a weighted average price of $22.03 for $220,282, and on 2026-08-14 he sold 15,000 shares at a weighted average price of $22.21 for $333,219. Total gross proceeds were approximately $553,501.
• These transactions are sales (dispositions). The filing reports the trades but does not state a reason; sales by insiders are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction dates and reported prices:
  • 2026-08-13: 10,000 shares sold, weighted avg $22.03 (total $220,282). Footnote F1: prices in these trades ranged $22.00–$22.11.
  • 2026-08-14: 15,000 shares sold, weighted avg $22.21 (total $333,219). Footnote F2: prices in these trades ranged $22.10–$22.30.
• Transaction type: Open-market sales (code S).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 and F2 note the reported prices are weighted averages from multiple sale lots and that the reporting person will provide, upon request, details of the number of shares sold at each individual price.
• Filing timeliness: Form 4 was filed 2026-08-14 for trades on 2026-08-13 and 2026-08-14—this appears to be timely under standard Form 4 reporting rules.

Context

• This was a straight sale of company stock (no option exercises, awards, or gifts reported). For retail investors, purchases by insiders often attract more attention than routine sales; this filing documents disposition of shares but does not provide motive.