Director Todd B. Urness filed a Form 4 with the SEC on October 30, 2026, disclosing the sale of 10,000 shares of Bridgewater Bancshares Inc common stock on October 29, 2026, through a revocable trust he controls.

Key Highlights

  • Reporting person: Todd B. Urness, director of Bridgewater Bancshares Inc (NASDAQ:BWB)
  • Transaction: Disposition (code S) of 10,000 shares of common stock on October 29, 2026
  • Weighted average price: $20.3424 per share, with individual transactions ranging from $20.34 to $20.36, inclusive
  • Indirect ownership following transaction: 856,722 shares held indirectly by trust
  • Direct ownership following transaction: 311,187 shares held directly
  • Trust vehicle: The Todd B. Urness Revocable Trust under agreement dated May 21, 2024, for which Mr. Urness serves as trustee with sole voting and investment power

Urness Trust Sale Details and Post-Transaction Ownership at Bridgewater Bancshares

According to the filing, Todd B. Urness, a director of Bridgewater Bancshares Inc, disposed of 10,000 shares of common stock on October 29, 2026, through the Todd B. Urness Revocable Trust. The shares were sold in multiple transactions at prices ranging from $20.34 to $20.36 per share, inclusive, with a weighted average price reported as $20.3424. The filing notes that full information regarding the number of shares sold at each separate price is available upon request from the company, any security holder, or the SEC staff.

The filing identifies the selling vehicle as the Todd B. Urness Revocable Trust under agreement dated May 21, 2024. According to the filing, Mr. Urness serves as trustee of that trust and "possesses sole voting and investment power with respect to the shares of common stock held by the Todd B. Urness Revocable Trust." The shares sold are therefore classified as indirectly owned by Mr. Urness through the trust.

Following the reported transaction, the filing discloses that Mr. Urness beneficially owns 856,722 shares indirectly through the trust and 311,187 shares directly. No derivative securities transactions were reported in this filing. The form was signed by Ben Klocke as Attorney-in-Fact and filed on October 30, 2026.

What Was Disclosed

Director Todd B. Urness reported a sale of 10,000 Bridgewater Bancshares common shares on October 29, 2026, at a weighted average price of $20.3424, held indirectly through his revocable trust. Post-transaction, he holds 856,722 shares indirectly and 311,187 shares directly.