Jerry J. Baack - Dec 22, 2021 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Signature
/s/ Ben Klocke, Attorney-in-Fact
Stock symbol
BWB
Transactions as of
Dec 22, 2021
Transactions value $
$105,000
Form type
4
Date filed
12/23/2021, 03:40 PM
Previous filing
Dec 7, 2021
Next filing
Jan 20, 2022

Transactions Table

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BWB Option to buy Exercise of in-the-money or at-the-money derivative security $0 -35K -35% $0.00 65K Dec 22, 2021 Common Stock 35K $3.00 Direct F2, F3
holding BWB Option to buy 150K Dec 22, 2021 Common Stock 150K $7.47 Direct F4, F5
holding BWB Option to buy 65K Dec 22, 2021 Common Stock 65K $12.92 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each depositary share represents ownership of a 1/100th interest in a share of the Issuer's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share.
F2 Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
F3 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 1/1/2014.
F4 Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
F5 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
F6 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.