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

Role
PRESIDENT & CEO, Director
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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Options Exercise $105K +35K +2.94% $3.00 1.22M Dec 22, 2021 Direct
holding BWB Common Stock 4.2K Dec 22, 2021 By dependent child
holding BWB Common Stock 1K Dec 22, 2021 As custodian for child
holding BWB Common Stock 1K Dec 22, 2021 As custodian for child
holding BWB Common Stock 1K Dec 22, 2021 As custodian for child
holding BWB Depositary Shares 1K Dec 22, 2021 Direct F1

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.