BRIDGEWATER BANCSHARES INC

Ticker: BWB CUSIP: 108621103 Class: Common Stock

Sippican Capital Advisors's Holding History (CIK: 0001557406)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 97,310 Value ($000) $1,706 Avg Close $17.35 Range $16.06 - $19.11

Q3 2025

Shares 97,310 Value ($000) $1,713 Avg Close $16.33 Range $14.90 - $18.01

Q2 2025

Shares 97,610 Value ($000) $1,553 Avg Close $14.65 Range $11.93 - $17.66

Q1 2025

Shares 96,210 Value ($000) $1,336 Avg Close $13.93 Range $12.43 - $15.29

Q4 2024

Shares 90,410 Value ($000) $1,221 Avg Close $14.70 Range $13.33 - $16.00

Q3 2024

Shares 85,510 Value ($000) $1,212 Avg Close $13.38 Range $11.13 - $14.90

Q2 2024

Shares 81,135 Value ($000) $942 Avg Close $11.43 Range $10.52 - $12.24

Q1 2024

Shares 61,935 Value ($000) $721 Avg Close $12.18 Range $11.04 - $14.43

Q4 2023

Shares 40,185 Value ($000) $543 Avg Close $10.53 Range $8.00 - $14.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	97,310	$1,706	$17.35	$16.06 - $19.11
Q3 2025	97,310	$1,713	$16.33	$14.90 - $18.01
Q2 2025	97,610	$1,553	$14.65	$11.93 - $17.66
Q1 2025	96,210	$1,336	$13.93	$12.43 - $15.29
Q4 2024	90,410	$1,221	$14.70	$13.33 - $16.00
Q3 2024	85,510	$1,212	$13.38	$11.13 - $14.90
Q2 2024	81,135	$942	$11.43	$10.52 - $12.24
Q1 2024	61,935	$721	$12.18	$11.04 - $14.43
Q4 2023	40,185	$543	$10.53	$8.00 - $14.17