Todd B. Urness, a director at Bridgewater Bancshares Inc, has filed to sell 10,000 shares of the company's common stock. This filing, made on October 29, 2026, signifies Urness's continued engagement with the market and reflects ongoing activity within the state commercial banking sector.

Background

Bridgewater Bancshares Inc operates in the state commercial banking industry. The company is based in St. Louis Park, Minnesota, and its shares are traded on the NASDAQ under the SEC file number 001-38412. The firm has been active in the market, as evidenced by Urness's recent filings, including Form 4 submissions that detail insider transactions.

What the Filing Says

In the recent SEC filing, Urness indicated that he plans to sell 10,000 shares of common stock. The aggregate market value of the shares is approximately $206,200. The filing states, "The approximate sale date is 10/29/2026," confirming the timing of this transaction.

Impact

This filing may affect various stakeholders, including other investors and analysts monitoring Bridgewater Bancshares Inc. The transaction highlights the activity of Urness, who has been involved with the company since acquiring shares through a private placement in June 2008.

What's Next

The filing does not say what happens next.

Details of the Transaction

According to the filing, Todd B. Urness acquired a total of 120,478 shares through a private placement on June 10, 2008. The nature of this acquisition was a cash transaction, indicating Urness's long-term investment in Bridgewater Bancshares Inc. The filing also notes that there have been no reported sales of securities by Urness in the past three months, which may suggest a strategic timing for this sale.

Broker Information

The transaction will be facilitated by Fidelity Investments, a well-known brokerage firm located in Boston, Massachusetts. This partnership with a reputable broker may provide Urness with favorable execution of the sale.

Outstanding Shares

The filing indicates that there are currently 27,880,830 shares of Bridgewater Bancshares Inc outstanding. This context is important for understanding the proportion of shares being sold relative to the total shares available in the market.

Regulatory Context

This filing is made under SEC Form 144, which allows for the sale of restricted and control securities. The filing serves as a notice of Urness's intent to sell, ensuring compliance with SEC regulations regarding insider trading.