Jeffrey D. Shellberg - 21 May 2026 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Reporting relationship: Director
Issuer ticker: BWB
Reported as of: 21 May 2026
Net transaction value: -$371,084
SEC form: 4
Accepted by SEC: 22 May 2026, 16:38:01 UTC
Prior SEC filing: 08 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Ben Klocke, Attorney-in-Fact

Key filing fact

Jeffrey D. Shellberg filed Form 4 for Bridgewater Bancshares Inc (BWB) on 22 May 2026.

Key facts

This page summarizes Jeffrey D. Shellberg's Form 4 filing for Bridgewater Bancshares Inc (BWB).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 22 May 2026, 16:38.

Change

Previous filing in this sequence was filed on 08 May 2026.
Current net transaction value: -$371,084.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001732717 Primary reporting owner

Shellberg Jeffrey D.

Relationship: Director
Address: C/O BRIDGEWATER BANCSHARES, INC., 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK
Signature: /s/ Ben Klocke, Attorney-in-Fact
Signature date: 22 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BWB transaction

Common Stock

Sale

Transaction value: $371,084
Shares: -20,000
Change %: -44%
Price: $18.55
Shares after: 25,000
Date: 21 May 2026
Ownership: By Trust
Footnotes: F1, F2

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 355,000
Date: 21 May 2026
Ownership: By Trust
Footnotes: F3

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 87,000
Date: 21 May 2026
Ownership: By Trust
Footnotes: F4

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 266,187
Date: 21 May 2026
Ownership: Direct

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.50 to $18.68, 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.

Footnote F2

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.

Footnote F3

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.

Footnote F4

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.