Jerry J. Baack, an officer and director of Bridgewater Bancshares Inc, filed a Form 144 notice on November 2, 2026, disclosing a proposed sale of 65,000 shares of common stock through D.A. Davidson & Co.

Key Highlights

  • Proposed sale size: 65,000 shares of Bridgewater Bancshares Inc common stock, with an aggregate market value of $1,313,650.00.
  • Seller: Jerry J. Baack, listed as both an officer and a director of the issuer.
  • Shares outstanding: 27,960,252 shares of common stock outstanding at time of notice.
  • Acquisition history: 30,000 shares were acquired via cash stock option exercise on December 23, 2022, and 35,000 shares via cash stock option exercise on March 9, 2023, both from the issuer.
  • Approximate sale date: November 2, 2026, through NASDAQ, via broker D.A. Davidson & Co in Lake Oswego, Oregon.
  • Recent prior sales: Baack sold a combined 35,000 shares between August 13 and August 17, 2026, generating gross proceeds of $778,313.00 in total across four transactions.

Baack's Proposed Stock Sale: Acquisition Background and Recent Transaction History

According to the filing, Jerry J. Baack, who holds the roles of both officer and director at Bridgewater Bancshares Inc (NASDAQ:BWB), submitted a Form 144 notice dated November 2, 2026, covering a proposed sale of 65,000 shares of the company's common stock. The aggregate market value of those shares was reported as $1,313,650.00. The intended broker for the transaction is D.A. Davidson & Co, located at Two Centerpointe Dr Suite 200, Lake Oswego, OR 97035.

The filing discloses that the 65,000 shares proposed for sale were acquired in two separate transactions, both described as cash stock option exercises from the issuer. Specifically, 30,000 shares were acquired on December 23, 2022, and 35,000 shares were acquired on March 9, 2023, with cash payment made on each respective acquisition date.

The filing also reports sales of Bridgewater Bancshares common stock by Baack during the three months prior to the notice. According to the filing, Baack sold 10,000 shares on August 13, 2026, for gross proceeds of $220,282.00; 5,000 shares on August 14, 2026, for $111,346.00; an additional 10,000 shares also on August 14, 2026, for $221,872.00; and 10,000 shares on August 17, 2026, for $224,813.00. Combined, those four transactions totaled 35,000 shares and $778,313.00 in gross proceeds. Bridgewater Bancshares Inc is headquartered at 4450 Excelsior Blvd., Suite 100, St. Louis Park, Minnesota 55416.

What Was Disclosed

Jerry J. Baack, an officer and director of Bridgewater Bancshares Inc, filed a Rule 144 notice proposing to sell 65,000 shares of common stock valued at $1,313,650.00, with shares sourced from stock option exercises in December 2022 and March 2023.