Jeffrey D. Shellberg - 10 Sep 2025 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Reporting relationship: EVP AND CHIEF CREDIT OFFICER, Director
Issuer ticker: BWB
Reported as of: 10 Sep 2025
Net transaction value: +$409,969
SEC form: 4
Accepted by SEC: 12 Sep 2025, 17:07:03 UTC
Prior SEC filing: 22 Aug 2025
Next SEC filing: 10 Oct 2025
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 12 Sep 2025.

Key facts

This page summarizes Jeffrey D. Shellberg's Form 4 filing for Bridgewater Bancshares Inc (BWB).
2 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 12 Sep 2025, 17:07.

Change

Previous filing in this sequence was filed on 22 Aug 2025.
Current net transaction value: +$409,969.

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: EVP AND CHIEF CREDIT OFFICER, Director
Address: C/O BRIDGEWATER BANCSHARES, INC., 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK
Signature: /s/ Ben Klocke, Attorney-in-Fact
Signature date: 12 Sep 2025

Reported non-derivative transactions

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

BWB transaction

Common Stock

Options Exercise

Transaction value: $409,969
Shares: +54,882
Change %: +19%
Price: $7.47
Shares after: 344,495
Date: 10 Sep 2025
Ownership: Direct

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 317,390
Date: 10 Sep 2025
Ownership: By Trust
Footnotes: F1

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 87,000
Date: 10 Sep 2025
Ownership: By Trust
Footnotes: F2

BWB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 65,000
Date: 10 Sep 2025
Ownership: By Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BWB transaction Derivative

Option to buy

Options Exercise

Transaction value: $0
Shares: -54,882
Change %: -37%
Price: $0.000000
Shares after: 95,118
Date: 10 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 54,882
Exercise price: $7.47
Footnotes: F4, F5

BWB holding Derivative

Option to buy

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,000
Date: 10 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,000
Exercise price: $12.92
Footnotes: F4, F6

BWB holding Derivative

Option to buy

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,000
Date: 10 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $17.50
Footnotes: F4, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

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 F2

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.

Footnote F3

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 F4

Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.

Footnote F5

Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.

Footnote F6

Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.

Footnote F7

Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.