SEC Form 4 · accession 0001732717-26-000025
Bridgewater Bancshares Inc · BWB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Shellberg
Director
Period of report
Aug 31, 2026
Accepted (ET)
Sep 1, 2026 · 5:57 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001341317
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 31, 2026 | M | 16,100 | $17.50 | A | 82,287 | D | |
| Common Stock | Aug 31, 2026 | M | 6,250 | $12.92 | A | 88,537 | D | |
| Common Stock | Aug 31, 2026 | F | 17,206 | $21.07 | D | 71,331 | D | |
| Common StockF1 | holding | — | — | — | 355,000 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 87,000 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 25,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to buyF4,F5 | $17.50 | Aug 31, 2026 | M | 16,100 | D | — | Feb 1, 2032 | Common Stock | 16,100 | 3,900 | D |
| Option to buyF4,F6 | $12.92 | Aug 31, 2026 | M | 6,250 | D | — | Dec 6, 2029 | Common Stock | 6,250 | 18,750 | D |
| Option to buyF4,F7 | $7.47 | holding | — | — | — | — | Sep 30, 2027 | Common Stock | 95,118 | 95,118 | D |
Explanation of responses
- F1Shares 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.
- F2Shares 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.
- F3Shares 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.
- F4Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
- F5Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.
- F6Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
- F7Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.