Bridgewater Bancshares, Inc._2024 Proxy Statement

NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS

Items of Business. The annual meeting of the shareholders of Bridgewater Bancshares, Inc., a Minnesota corporation, will be held online at www.virtualshareholdermeeting.com/BWB2024, on Tuesday, April 23, 2024 at 2:00 p.m., Central Time, for the following purposes: Board Recommendation

MEETING TIME AND DATE 2:00 p.m. Central Time on Tuesday, April 23, 2024

Elect the four nominees named in the accompanying proxy statement to serve as directors until the next annual meeting of shareholders; Approve, on a non-binding advisory basis, the compensation paid to our named executive officers; Vote, on a non-binding advisory basis, on how often we will hold advisory votes on the compensation paid to our named executive officers; Ratify the appointment of RSM US LLP as our independent registered public accounting firm for the year ending December 31, 2024; and

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 For

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 For

VIRTUAL MEETING LOCATION www.virtualshareholdermeeting.com/BWB2024

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 1 Year

Record Date: February 26, 2024

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 For

Transact such other business as may properly be brought before the meeting and any adjournments or postponements of the meeting.

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There will not be a physical meeting at the Company’s principal executive offices. You will be able to attend the meeting online, vote your shares electronically, and submit your questions during the meeting by visiting: www.virtualshareholdermeeting.com/BWB2024. We are not aware of any other business to come before the annual meeting. The Board of Directors has fixed the close of business on February 26, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, the meeting. If there are an insufficient number of votes for a quorum or to approve or ratify any of the foregoing proposals at the time of the meeting, the meeting may be adjourned or postponed to permit our further solicitation of proxies. By order of the Board of Directors,

Jerry Baack Chairman, Chief Executive Officer and President St. Louis Park, Minnesota March 11, 2024

YOUR VOTE IS IMPORTANT. PLEASE EXERCISE YOUR SHAREHOLDER RIGHT TO VOTE, REGARDLESS OF WHETHER YOU PLAN TO ATTEND THE ANNUAL MEETING.