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
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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.
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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.
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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.
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.