Bridgewater Bancshares Inc: CEO Baack Jerry J. exercised 46,933 shares

What happened

• Baack Jerry J., CEO and director, exercised stock options to acquire 46,933 shares. The filing reports he acquired 29,099 shares on Oct 22, 2026 at $7.47 per share for $217,370 and 17,834 shares on Oct 23, 2026 at $7.47 per share for $133,220.
• The filing also reports a disposal of 7,067 shares on Oct 22, 2026 at $20.67 per share to satisfy tax withholding for $146,075. Two derivative conversion entries are reported as dispositions at $0 for 36,166 shares (Oct 22) and 17,834 shares (Oct 23).

Key details

• Transaction dates and prices:
  • Oct 22, 2026: exercised 29,099 shares @ $7.47 (acquired) = $217,370.
  • Oct 22, 2026: tax withholding 7,067 shares @ $20.67 (disposed) = $146,075.
  • Oct 22, 2026: derivative disposition 36,166 shares @ $0 (disposed).
  • Oct 23, 2026: exercised 17,834 shares @ $7.47 (acquired) = $133,220.
  • Oct 23, 2026: derivative disposition 17,834 shares @ $0 (disposed).
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: options were granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
  • F2: options exercisable in 20% increments on the first five anniversaries of the Oct 1, 2017 grant.
  • F3: options exercisable in 25% increments on the first four anniversaries of the Dec 6, 2019 grant.
  • F4: options exercisable in 25% increments on the first four anniversaries of the Feb 1, 2022 grant.
• Filing timeliness: not indicated in the provided data.

Why it may matter

• The filing shows option exercises and a net/cashless element where 7,067 shares were withheld to cover tax withholding rather than an open-market sale.
• The transactions reported are option-related exercises rather than direct open-market purchases or sales.
• The filing does not show why the insider traded or why the company acted.