Director-Affiliated Trust Files Intent to Sell $373K in Bridgewater Bancshares Stock
BWB sits 29% above its 52-week low of $14.35 on light trading volume (0.2× avg).
Summary
A trust affiliated with Director Jeffrey Shellberg at Bridgewater Bancshares has filed to sell $373,200 worth of stock, adding to recent insider sales and indicating continued insider distribution.
Key Events · Ownership and Investor Activity · BWB
-
Director-Affiliated Trust Files Intent to Sell Shares
Director Jeffrey Shellberg, through the Susan K. Shellberg Marital Trust, filed a Form 144 to sell 20,000 shares of common stock, valued at approximately $373,200.
-
Follows Recent Insider Sales
This proposed sale comes after the same trust sold 17,426 shares for over $321,000 in the past three months, indicating an ongoing pattern of insider distribution.
-
Cumulative Insider Selling
The combined proposed and recent sales by this director-affiliated entity amount to approximately $694,723, representing a notable disposition of shares.
Analysis · BWB · Finance
Director Jeffrey Shellberg, through the Susan K. Shellberg Marital Trust, has filed a Form 144 indicating an intent to sell 20,000 shares of Bridgewater Bancshares common stock, valued at approximately $373,200. This follows recent sales of 17,426 shares by the same trust in the past three months, totaling over $321,000. The cumulative intent and recent sales represent a notable disposition of shares by a director-affiliated entity, contributing to a broader pattern of insider distribution observed over the last 90 days.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 29.7% of the 1528 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BWB was trading at $18.57 on NASDAQ in the Finance sector, with a market capitalization of approximately $517.8M. The 52-week trading range was $14.35 to $20.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.