Director Jeffrey D. Shellberg Sells 2,512 Bridgewater Bancshares Shares

This Form 4 filing reports that Jeffrey D. Shellberg, a director of Bridgewater Bancshares Inc (BWB), sold 2,512 shares of common stock on April 29, 2026, at a weighted average price of $18.5029 per share. The shares were sold from a trust account (Susan K. Shellberg Marital Trust) where Shellberg serves as trustee and maintains voting and investment power. Following this transaction, Shellberg's direct and indirect holdings include 266,187 shares held directly, 355,000 shares held in the Jeffrey D. Shellberg Trust, 87,000 shares in the Susan K. Shellberg Family Trust, and 62,488 shares remaining in the marital trust from which the sale occurred. The transaction represents a routine insider sale by a director exercising his investment discretion over trust assets.