Todd B. Urness, a director at Bridgewater Bancshares Inc., has recently reported a transaction involving the sale of 10,000 shares of the company’s common stock. This sale, executed on October 29, 2026, at an average price of $20.34 per share, is noteworthy as it reflects ongoing activity within the state commercial banking sector.

Bridgewater Bancshares Inc. is a financial institution based in St. Louis Park, Minnesota, primarily engaged in the business of state commercial banking. The company is incorporated in Minnesota and operates under the Central Index Key (CIK) number 0001341317. The fiscal year for the bank ends on December 31st.

According to the recent SEC filing (accession number 0001733123-26-000010), Urness sold these shares as part of a broader strategy, as he continues to hold a significant number of shares in the company. Following this transaction, Urness retains ownership of 856,722 shares, indicating substantial investment in Bridgewater Bancshares.

The filing specifies that the shares sold were part of the Todd B. Urness Revocable Trust, which was established on May 21, 2024. Urness retains sole voting and investment power over these shares, underscoring his continued influence within the company.

This transaction may have implications for other stakeholders in the banking sector, as it reflects the ongoing dynamics of ownership and investment strategies among directors and major shareholders. The filing does not specify any immediate plans or future actions following this sale.

As the banking industry continues to evolve, the actions of key figures like Urness may provide insights into market trends and investor sentiment. Further filings or announcements from Bridgewater Bancshares may shed light on the company's strategic direction in the coming months.