Thomas P. Trutna - 27 Dec 2023 Form 4 Insider Report for Bridgewater Bancshares Inc (BWB)

Role
Director
Signature
/s/ Ben Klocke, Attorney-in-Fact
Issuer symbol
BWB
Transactions as of
27 Dec 2023
Transactions value $
$59,994
Form type
4
Filing time
29 Dec 2023, 16:10:14 UTC
Previous filing
02 Oct 2023
Next filing
03 Jan 2024
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 $120,000 +40,000 +54.82% $3 112,972 27 Dec 2023 Direct F1
transaction BWB Common Stock Tax liability -$60,005 -4,648 -4.11% $12.91 108,324 27 Dec 2023 Direct

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 Options to buy Exercise of in-the-money or at-the-money derivative security $0 +40,000 $0* 0 27 Dec 2023 Common Stock 40,000 $3 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Trutna's ex-spouse owned half of the economic benefits of the exercised option pursuant to a domestic relations order, and half of the shares received in connection with the exercise will be transferred to his ex-spouse as part of the transaction. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
F2 Options to buy granted under the 2012 Combined Incentive and Non-Statutory Stock Option Plan.
F3 Options exercisable in 20% increments on the first five anniversaries of the date of the grant which was 1/1/2014.