Thomas P. Trutna - Dec 27, 2023 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Role
Director
Signature
/s/ Ben Klocke, Attorney-in-Fact
Stock symbol
BWB
Transactions as of
Dec 27, 2023
Transactions value $
$59,994
Form type
4
Date filed
12/29/2023, 04:10 PM
Previous filing
Oct 2, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Options Exercise $120K +40K +54.82% $3.00 113K Dec 27, 2023 Direct F1
transaction BWB Common Stock Tax liability -$60K -4.65K -4.11% $12.91 108K Dec 27, 2023 Direct

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 Options to buy Exercise of in-the-money or at-the-money derivative security $0 +40K $0.00* 0 Dec 27, 2023 Common Stock 40K $3.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Trutna's ex-spouse owned half of the economic benefits of the exercised option pursuant to a domestic relations order, and half of the shares received in connection with the exercise will be transferred to his ex-spouse as part of the transaction. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
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.