It is known that ultra-extreme Kerr-Newman (KN) solution (a >> m) produces the gravitational and EM fields of the electron and has a topological defect which may be regularized by a solitonic source, formed as a false-vacuum bubble filled by Higgs condensate in a supersymmetric superconducting state. Structure and stability of this source is determined by Bogomolnyi equations as a BPS-saturated soliton of the oscillon type. The Principal Null Congruences of the KN solution determine consistent embedding of the Dirac equation, which acquires the mass from the Higgs condensate inside the soliton, indicating that this soliton forms a bag model. Shape of this bag is unambiguously determined by BPS-bound. The bag turns out to be flexible and takes the form of a very thin disk, which is completed by a ring-string along its sharp boundary. The ring-string traveling waves generate extra deformations of the bag creating a circulating singular pole. Bag model of the KN source integrates the dressed and pointlike electron in a bag-string-quark system, which removes the conflict between the point-like electron of the Dirac theory and the required gravitational soliton model.