Jeffrey D. Shellberg - Dec 28, 2022 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Role
EVP AND CHIEF CREDIT OFFICER, Director
Signature
/s/ Ben Klocke, Attorney-in-Fact
Stock symbol
BWB
Transactions as of
Dec 28, 2022
Transactions value $
$75,000
Form type
4
Date filed
12/29/2022, 04:05 PM
Previous filing
Dec 8, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Options Exercise $75K +25K +9.27% $3.00 295K Dec 28, 2022 Direct
holding BWB Common Stock 172K Dec 28, 2022 By Trust F1
holding BWB Common Stock 289K Dec 28, 2022 By Trust F2

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 -25K -33.33% $0.00 50K Dec 28, 2022 Common Stock 25K $3.00 Direct F3, F4
holding BWB Option to buy 150K Dec 28, 2022 Common Stock 150K $7.47 Direct F5, F6
holding BWB Option to buy 25K Dec 28, 2022 Common Stock 25K $12.92 Direct F5, F7
holding BWB Option to buy 20K Dec 28, 2022 Common Stock 20K $17.50 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock are held by Mr. Shellberg as co-trustee of the Susan K. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses shared voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Trust under agreement dated October 1, 2014.
F2 Shares of common stock are held by Mr. Shellberg as co-trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses shared voting and investment power with respect to the shares of common stock held by the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014.
F3 Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
F4 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 1/1/2014.
F5 Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
F6 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
F7 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
F8 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.