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Insider Trading Intelligence
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Jeffrey D. Shellberg

BWB
EVP AND CHIEF CREDIT OFFICER · BRIDGEWATER BANCSHARES INC · CIK 0001732717
FILING MIX · LIFETIME28%/72%
BUYS
15
SELLS
39
TOTAL VALUE
$3.10M
COMPANIES
1
ACTIVE SINCE
Feb 2020
HOLDINGS NOW
25,000
AVG SELL PX
$16.95
TRADE KIND
SHOWING 54 / 54
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
10 backtested trades · 8 horizons · 28 pendingHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Jeffrey D. Shellberg, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d10+60.00%+0.13%+0.41%-0.28%-1.47%
14d10+20.00%+0.83%+1.46%-0.69%-1.04%
30d10+10.00%+1.86%+1.76%-0.37%+1.84%
60d10+20.00%+8.11%+1.75%+6.36%+10.37%
90d10(4 pending)+66.67%-0.41%+3.35%-3.76%-1.51%
180d10(5 pending)+0.00%+14.48%+4.89%+9.59%+10.74%
1y10(9 pending)+0.00%+11.40%+18.91%-7.51%-7.51%
2y10(10 pending)
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
BWB · 25,000 shares · as of May 21, 2026
0109,052218,104327,155436,207202120222023202420252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2020
2020
2020
2020
2021
2021
2021
2021
2022
2022
2022
2022
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 15 buys / 39 sellsCOVERAGE · 26 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
BWB
BRIDGEWATER BANCSHARES INC
SALE
20,000$18.55$371.1K25,000May 21, 2026May 22, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
8,174$18.45$150.8K45,000May 7, 2026May 8, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
9,252$18.45$170.7K53,174May 6, 2026May 8, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
62$18.50$1.1K62,426May 1, 2026May 5, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
2,512$18.50$46.5K62,488Apr 29, 2026May 1, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
9,838$18.89$185.8K266,187Feb 6, 2026Feb 6, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
540$19.54$10.6K276,025Feb 3, 2026Feb 4, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
1,359$19.63$26.7K276,565Feb 2, 2026Feb 4, 2026View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
21,936$17.78$390.0K277,924Dec 9, 2025Dec 9, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
669$17.84$11.9K299,860Dec 6, 2025Dec 9, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
6,356355,000Dec 4, 2025Dec 5, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Gift
10,916300,529Nov 26, 2025Dec 1, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
10,916361,356Nov 26, 2025Dec 1, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
54,882289,613Oct 9, 2025Oct 10, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Gift
54,882372,272Oct 9, 2025Oct 10, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASE
EVP AND CHIEF CREDIT OFFICER
54,882$7.47$410.0K344,495Sep 10, 2025Sep 12, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
54,88295,118Sep 10, 2025Sep 12, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
6,040$16.09$97.2K317,390Aug 22, 2025Aug 22, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
1,687$16.00$27.0K323,430Aug 15, 2025Aug 15, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
32,273$16.03$517.3K325,117Aug 14, 2025Aug 15, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
75,000289,613Feb 5, 2025Feb 6, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Gift
75,000357,390Feb 5, 2025Feb 6, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
7,525364,613Feb 3, 2025Feb 4, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
1,338$14.12$18.9K357,088Feb 2, 2025Feb 4, 2025View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Gift
65,00065,000Dec 13, 2024Dec 17, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Gift
87,00087,000Dec 13, 2024Dec 17, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
152,0000Dec 13, 2024Dec 17, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
974$15.13$14.7K358,426Dec 7, 2024Dec 9, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
725$15.13$11.0K359,400Dec 6, 2024Dec 9, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
20,000$14.75$295.1K152,000Oct 29, 2024Oct 31, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
1,500282,390May 2, 2024May 3, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
969$11.89$11.5K360,125Feb 2, 2024Feb 5, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
8,133361,094Feb 2, 2024Feb 5, 2024View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
974$11.10$10.8K352,961Dec 7, 2023Dec 8, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
1,440$11.00$15.8K353,935Dec 6, 2023Dec 8, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
25,0000Sep 22, 2023Sep 25, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASE
EVP AND CHIEF CREDIT OFFICER
25,000$3.00$75.0K355,375Sep 22, 2023Sep 25, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASE
EVP AND CHIEF CREDIT OFFICER
25,000$3.00$75.0K330,375Jun 22, 2023Jun 26, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
25,00025,000Jun 22, 2023Jun 26, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
5,000283,890Feb 13, 2023Feb 16, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
10,797305,375Feb 2, 2023Feb 3, 2023View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASE
EVP AND CHIEF CREDIT OFFICER
25,000$3.00$75.0K294,578Dec 28, 2022Dec 29, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
25,00050,000Dec 28, 2022Dec 29, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
974$18.61$18.1K269,578Dec 7, 2022Dec 8, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
1,439$18.72$26.9K270,552Dec 6, 2022Dec 8, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
10,000288,890Sep 9, 2022Sep 14, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
20,00020,000Feb 1, 2022Feb 2, 2022View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
974$17.40$16.9K271,991Dec 7, 2021Dec 7, 2021View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
9,472273,679Dec 6, 2021Dec 7, 2021View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP AND CHIEF CREDIT OFFICER
714$17.41$12.4K272,965Dec 6, 2021Dec 7, 2021View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
6,000298,890Nov 3, 2021Nov 5, 2021View →
BWB
BRIDGEWATER BANCSHARES INC
PURCHASEGRANT
Stock grant
12,728436,207Dec 7, 2020Dec 7, 2020View →
BWB
BRIDGEWATER BANCSHARES INC
SALE
EVP and Chief Credit Officer
714$12.12$8.7K423,479Dec 6, 2020Dec 7, 2020View →
BWB
BRIDGEWATER BANCSHARES INC
SALEGRANT
Gift
2,500424,193Feb 27, 2020Feb 28, 2020View →
Other insiders · BWB
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About this filer
CIK 0001732717
ROLE
EVP AND CHIEF CREDIT OFFICER
PRIMARY
BWB
COMPANIES
1
ACTIVE SINCE
Feb 2020
MARKETPEEL · /INSIDER/0001732717DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
FREE · DAILY · 6 AM ET

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