Jeffrey D. Shellberg - Dec 6, 2025 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 6, 2025
Transactions value $
-$401,924
Form type
4
Date filed
12/9/2025, 06:31 PM
Previous filing
Dec 5, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shellberg Jeffrey D. Director C/O BRIDGEWATER BANCSHARES, INC., 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK /s/ Ben Klocke, Attorney-in-Fact 2025-12-09 0001732717

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Tax liability -$11.9K -669 -0.22% $17.84 300K Dec 6, 2025 Direct
transaction BWB Common Stock Sale -$390K -21.9K -7.32% $17.78 278K Dec 9, 2025 Direct F1
holding BWB Common Stock 355K Dec 6, 2025 By Trust F2
holding BWB Common Stock 87K Dec 6, 2025 By Trust F3
holding BWB Common Stock 65K Dec 6, 2025 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.7501 to $17.85, inclusive. The reporting person undertakes to provide to Bridgewater Bancshares, Inc., any security holder of Bridgewater Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote to this Form 4.
F2 Shares of common stock are held by Mr. Shellberg as trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses 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 Shares of common stock are held by Mr. Shellberg as trustee of the Susan K Shellberg Family Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Family Trust dated July 16, 2024.
F4 Shares of common stock are held by Mr. Shellberg as trustee of the Susan K. Shellberg Marital Trust dated July 16, 2024. Mr. Shellberg possesses voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Marital Trust dated July 16, 2024.