Bridgewater Bancshares, Inc._2024 Proxy Statement

COMPENSATION COMMITTEE REPORT The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis included in this proxy statement and based upon such review and discussion, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this proxy statement. This report is submitted on behalf of the current members of the Compensation Committee:

David Juran Todd Urness David Volk

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Bridgewater Bancshares, Inc.