Insider Cluster (2 insiders) ·Filed May 7, 2026
Insider cluster: 2 insiders, $228K total
Actionable Insight • Neutral
The dollar amount is too small to signal anything about the company's prospects. Monitor upcoming quarterly earnings for fundamental trends, but this cluster alone does not warrant a trading response.
Final — all horizons settled through T+60d
BWB ▲ +12.21% at T+60d
NEUTRAL call +12.21% · α vs SPY +8.38% · entry $18.51 → $20.77
T+1d
+0.05%
call +0.05% · α -0.78%
$18.52
settled 6mo ago
T+5d
-2.05%
call -2.05% · α -3.56%
$18.13
settled 6mo ago
T+20d
-0.49%
call -0.49% · α -3.62%
$18.42
settled 5mo ago
T+60d
+12.21%
call +12.21% · α +8.38%
$20.77
settled 3mo ago
Price Chart
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Executive Summary
Two insiders at Bridgewater Bancshares sold a total of $228K in open-market sales over a 3-day window. The COO and a director sold shares at ~$18.50, representing 0.04% of the company's $516M market cap — a trivial amount with no material signal.
Key Financial Metrics
Direction
selling
Total Value
$228.0K
Insiders
2
Key Facts
- COO Lisa Salazar sold 4,162 shares for $77,211 on May 8, 2026
- Director Jeffrey Shellberg sold 17,426 shares total ($321,523) across May 6-7, 2026
- Total cluster value of $228K is 0.04% of BWB's $516M market cap
- All transactions were open-market sales (code S)
- No insider purchases occurred in the cluster window
Financial Impact
Total insider sales of $228K represent 0.04% of market cap — immaterial
insider ownership
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but current levels are routine
- No purchase activity to offset selling — watch for pattern change
Market Snapshot
Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
75% bullish (8 analysts)
Investment Themes
Traditional Finance
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BWB-1778537498430 |
11 reports for BWB
33% Hit rate @ T+1 Went positive at some point 2 of 3 best @ T+1▲ +2.68%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $20.13 $20.67 | ▲ +2.68% | ▲ +3.86% | $20.58 (+2.24%) |
Aug 25, 2026 8w ago | Insider Cluster | $21.16 $21.32 | ▼ −0.76% | ▼ −0.10% | $20.58 (+2.74%) |
Aug 14, 2026 10w ago | Insider Cluster | $22.33 $22.35 | ▲ +0.09% | ▲ +0.77% | $20.58 (−7.84%) |
Aug 10, 2026 11w ago | Insider Cluster | $21.71 $22.01 | ▲ +1.38% | ▲ +1.13% | $20.58 (−5.20%) |
Aug 5, 2026 11w ago | Insider Cluster | $21.24 $21.64 | ▼ −1.88% | ▼ −1.27% | $20.58 (+3.11%) |
Aug 3, 2026 12w ago | Insider Cluster | $20.96 $21.07 | ▲ +0.52% | ▲ +0.72% | $20.58 (−1.81%) |
Jun 8, 2026 20w ago | Insider Cluster | $19.58 $19.63 | ▲ +0.26% | ▲ +1.83% | $20.58 (+5.11%) |
May 22, 2026 22w ago | Insider Cluster | $19.00 $18.82 | ▼ −0.95% | ▼ −0.96% | $20.58 (+8.32%) |
May 7, 2026 24w ago | Insider Cluster | $18.51 $18.52 | ▲ +0.05% | ▼ −0.78% | $20.58 (+11.18%) |
May 7, 2026 24w ago | Insider Cluster | $18.51 $18.52 | ▲ +0.05% | ▼ −0.78% | $20.58 (+11.18%) |
Showing 10 of 11
US Market Status
Market Closed — Opens in 4h 16m
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