Jerry J. Baack - Mar 9, 2023 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
Mar 9, 2023
Transactions value $
$105,000
Form type
4
Date filed
3/13/2023, 05:47 PM
Previous filing
Feb 15, 2023
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Options Exercise $105K +35K +2.87% $3.00 1.25M Mar 9, 2023 Direct
holding BWB Common Stock 4.2K Mar 9, 2023 By dependent child
holding BWB Common Stock 1K Mar 9, 2023 As custodian for child
holding BWB Common Stock 1K Mar 9, 2023 As custodian for child
holding BWB Common Stock 1K Mar 9, 2023 As custodian for child

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 -100% $0.00* 0 Mar 9, 2023 Common Stock 35K $3.00 Direct F1, F2
holding BWB Option to buy 150K Mar 9, 2023 Common Stock 150K $7.47 Direct F3, F4
holding BWB Option to buy 65K Mar 9, 2023 Common Stock 65K $12.92 Direct F3, F5
holding BWB Option to buy 100K Mar 9, 2023 Common Stock 100K $17.50 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
F2 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 1/1/2014.
F3 Options to buy granted under the 2017 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 10/1/2017.
F5 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
F6 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.