Bridgewater Bancshares, Inc._2024 Proxy Statement

CORPORATE GOVERNANCE AND THE BOARD OF DIRECTORS

Lead Director Mr. David Juran currently serves as the Lead Director. Mr. Juran brings a strong understanding of the Company and its business, as well as significant leadership, to this important role. The principal duties and responsibilities of the Lead Director include: • presiding at all meetings of the Board at which the Chairperson and Chief Executive Officer is not present; • presiding at executive sessions of the independent directors; • reviewing and approving meeting agendas, meeting schedules and information sent to the Board; • serving as a liaison between the Chairperson and Chief Executive Officer and the independent directors; and • being available for consultation and direct communication with shareholders, as appropriate. Board Diversity, Composition and Refreshment Our Board is composed of directors with a mix of tenure, with longer serving directors providing important experience and institutional knowledge, and newer directors providing fresh perspectives to Board discussions. The Nominating and ESG Committee regularly assesses our directors' mix of skills, experience, tenure and diversity in light of the Company's long term strategy and advises the Board of its determinations with respect to Board composition and director refreshment. Our incumbent directors and director nominees have a mix of skills and experience that we believe are relevant to the Company’s long term strategy and success. As needed, the Nominating and ESG Committee identifies and evaluates potential director nominees, taking into consideration the overall needs, composition, and size of the Board. Our Board refreshment efforts have been active in recent years with 50% of our non-employee directors having been on the Board fewer than seven years. The Board Diversity Matrices below set forth information about the diversity of our Board as of the date indicated. The information shown below is based on voluntary self-identification of each member of our Board. Board Diversity Matrix (dated as of 2/26/2024) Total Number of Directors: 10 Female Male Non-Binary Did Not Disclose Gender Part 1: Gender Identity Directors 1 9 - - Part 2: Demographic Background African American or Black - 1 - - Alaskan Native or Native American - - - - Asian - - - - Hispanic or Latinx - - - - Native Hawaiian or Pacific Islander - - - - White 1 8 - - Two or More Races or Ethnicities - - - - LGBTQ+ - - - - Did Not Disclose Demographic Background - - - -

2024 Proxy Statement

21