Bridgewater Bancshares, Inc._2024 Proxy Statement

PROPOSAL 4

Board Recommendation We recommend that you vote “FOR” the ratification of the appointment of RSM to serve as our independent registered public accounting firm for the year ending December 31, 2024. Proxies properly signed and returned will be voted “FOR” this proposal unless you specify otherwise. Accountant Fees The following table represents fees paid for professional services rendered by RSM for the fiscal year ended December 31, 2023 and for professional services rendered by CLA for the fiscal year ended December 31, 2022, the Company’s independent registered accounting firm during such fiscal year. Neither RSM or CLA provided any tax-related services or incurred any fees for professional services rendered for tax compliance, tax advice and tax planning. 21,852 (1) Audit fees include fees for professional services performed by RSM or CLA respectively for (i) the audit of our consolidated annual financial statements, (ii) the review of the interim consolidated financial statements included in quarterly reports on Form 10 - Q, (iii) the services that are normally provided by the principal accountant in connection with statutory and regulatory filings or engagements, and (iv) other services that generally only the principal accountant can provide. (2) Audit-related fees include fees billed for assurance and related services that are reasonably related to the performance of the audit or review of our consolidated financial statements and are not reported under “Audit Fees.” These services may include employee benefit plan audits and consultations concerning financial accounting and reporting standards. (3) All other fees include expenses. The Audit Committee, after consideration of these matters, does not believe that the rendering of these services by RSM and CLA were incompatible with maintaining their independence as our principal accountants. Audit Committee Pre-Approval Policy and Procedures Among other things, the Audit Committee is responsible for appointing, setting compensation for and overseeing the work of the independent registered public accounting firm. We have adopted a pre - approval policy under which the Audit Committee approves in advance all audit and non-audit services to be performed by our independent registered public accounting firm. As part of its pre - approval procedures, the Audit Committee considers whether the provision of any proposed non-audit services is consistent with the SEC’s rules on auditor independence. In accordance with the pre - approval policy, the Audit Committee has pre-approved certain specified audit and non-audit services to be provided by RSM for up to twelve months from the date of the pre - approval. All of the services referred to above for 2023 were pre approved by the Audit Committee. 2023 2022 Audit Fees (1) $ 478,280 $ 274,432 Audit-Related Fees (2) All Other Fees (3) 23,600 1,290 13,244

2024 Proxy Statement

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