Jeffrey D. Shellberg - 28 Dec 2022 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Role
EVP AND CHIEF CREDIT OFFICER, Director
Signature
/s/ Ben Klocke, Attorney-in-Fact
Issuer symbol
BWB
Transactions as of
28 Dec 2022
Net transactions value
+$75,000
Form type
4
Filing time
29 Dec 2022, 16:05:55 UTC
Previous filing
08 Dec 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWB Common Stock Options Exercise $75,000 +25,000 +9.3% $3.00 294,578 28 Dec 2022 Direct
holding BWB Common Stock 172,000 28 Dec 2022 By Trust F1
holding BWB Common Stock 288,890 28 Dec 2022 By Trust F2

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 Option to buy Exercise of in-the-money or at-the-money derivative security $0 -25,000 -33% $0.000000 50,000 28 Dec 2022 Common Stock 25,000 $3.00 Direct F3, F4
holding BWB Option to buy 150,000 28 Dec 2022 Common Stock 150,000 $7.47 Direct F5, F6
holding BWB Option to buy 25,000 28 Dec 2022 Common Stock 25,000 $12.92 Direct F5, F7
holding BWB Option to buy 20,000 28 Dec 2022 Common Stock 20,000 $17.50 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock are held by Mr. Shellberg as co-trustee of the Susan K. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses shared voting and investment power with respect to the shares of common stock held by the Susan K. Shellberg Trust under agreement dated October 1, 2014.
F2 Shares of common stock are held by Mr. Shellberg as co-trustee of the Jeffrey D. Shellberg Trust under agreement dated October 1, 2014. Mr. Shellberg possesses shared 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 Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
F4 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 1/1/2014.
F5 Options to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Option Plan.
F6 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017.
F7 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 12/6/2019.
F8 Options exercisable in 25% increments on the first four anniversaries of the date of the grant which was 2/1/2022.