Salazar Lisa M 4

What Happened

• Lisa M. Salazar, Chief Operating Officer of Bridgewater Bancshares (BWB), was granted 10,088 shares (reported as an award) on 2026-02-03. To cover tax liabilities tied to that award, 1,489 shares were withheld/disposed: 1,062 shares on 2026-02-02 at $19.63 ($20,847) and 427 shares on 2026-02-03 at $19.54 ($8,344). The disposals total about $29,191. Net new shares retained from the award = 10,088 − 1,489 = 8,599.

Key Details

• Transaction dates and prices:
  • 2026-02-02: 1,062 shares withheld at $19.63 (Disposition, $20,847)
  • 2026-02-03: 427 shares withheld at $19.54 (Disposition, $8,344)
  • 2026-02-03: 10,088 shares granted at $0.00 (Award/Acquisition)
• Transaction codes: A = award/acquisition; F = payment of tax liability/tax withholding (not an open-market sale).
• Shares owned after the transactions: Not reported in the provided filing.
• Filing timeliness: Form 4 filed 2026-02-04 for transactions on 2026-02-02 and 2026-02-03 — appears timely (Form 4 is generally due within 2 business days).

Context

• This appears to be an equity award (likely RSUs or similar) vesting with shares withheld to satisfy tax obligations. The withheld shares are reported as dispositions for tax purposes and do not necessarily reflect an intent to sell additional shares on the market.
• Net effect: Salazar acquired 8,599 net shares from the award after tax withholding. Purchases/awards (acquisitions) tend to be viewed as more informative than routine tax-withholding disposals, but this filing is primarily administrative.