Bridgewater Bancshares, Inc. filed a Form 8-K on August 26, 2026, disclosing that its Board of Directors extended the expiration date of the company's 2022 Stock Repurchase Program by one year, from August 26, 2026 to August 25, 2027.

Key Highlights

  • Extension approved: The Board of Directors extended the 2022 Stock Repurchase Program's expiration date on August 25, 2026.
  • New expiration date: The program now expires on August 25, 2027, extended from August 26, 2026.
  • Remaining authorization: As of August 25, 2026, $12.4 million remained under the repurchase authorization.
  • Repurchase methods: Shares may be repurchased in the open market or through privately negotiated transactions.
  • Rule 10b5-1 plans permitted: Repurchases may be made under a Rule 10b5-1 trading plan, which can allow purchases during otherwise restricted periods.
  • Discretionary program: The company may begin, suspend, or terminate repurchases at any time prior to expiration, without prior notice.

Bridgewater Bancshares Board Extends Buyback Authorization Through August 2027

According to the filing, Bridgewater Bancshares, Inc. (NASDAQ:BWB) reported that its Board of Directors acted on August 25, 2026 to extend the expiration date of its previously announced 2022 Stock Repurchase Program. The program, which had been set to expire on August 26, 2026, will now remain in effect through August 25, 2027. As of the extension date, the filing disclosed that $12.4 million remained available under the program's repurchase authorization.

Under the terms described in the filing, the company may repurchase shares of its common stock from time to time through open market purchases or privately negotiated transactions. The filing noted that any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934. The company may also execute repurchases pursuant to a Rule 10b5-1 trading plan, which, according to the filing, "would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions."

The filing further stated that the extent and timing of repurchases will depend on factors including "general market and economic conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company." The company retained full discretion to begin, suspend, or terminate repurchases at any time before the program's expiration, without prior notice. The 8-K was signed by Jerry Baack, Chairman and Chief Executive Officer.

What Was Disclosed

Bridgewater Bancshares disclosed the one-year extension of its 2022 Stock Repurchase Program, with $12.4 million remaining under the authorization as of August 25, 2026, and a new expiration date of August 25, 2027.