Microsoft Word - bwb_Current_Folio_Proxy_TMBSF_v5.docx

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS The following table sets forth information as of March 2, 2021, regarding the beneficial ownership of our common stock: • each shareholder known by us to beneficially own more than 5% of our outstanding common stock; We have determined beneficial ownership in accordance with the rules of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting of securities, or to dispose or direct the disposition of securities, or has the right to acquire such powers within 60 days. For purposes of calculating each person’s percentage ownership, common stock issuable pursuant to options currently exercisable or exercisable within 60 days are included as outstanding and beneficially owned for that person or group, but are not deemed outstanding for the purposes of computing the percentage ownership of any other person. Except as disclosed in the footnotes to this table and subject to applicable community property laws, we believe that each person identified in the table has sole voting and investment power over all of the shares shown opposite such person’s name. The percentage of beneficial ownership is based on 28,128,075 shares of our common stock outstanding as of March 2, 2021. Except as otherwise indicated, the address for each shareholder listed in the table below is: c/o Bridgewater Bancshares, Inc., 4450 Excelsior Blvd., Suite 100, St. Louis Park, Minnesota 55416. • each of our directors and director nominees; • each of our named executive officers; and • all of our directors and executive officers as a group.

Amount and Nature of Percent

Name

Beneficial Ownership

of Class

5% Shareholders BlackRock, Inc. (1)

1,637,528 2,267,617 1,430,265 1,849,096

5.82 % 8.06 % 5.08 % 6.57 %

Castle Creek Capital Partners V, LP (2)

David B. Juran (3)

Thrivent Financial for Lutherans (4)

Directors and Named Executive Officers Jerry J. Baack (5)

1,357,854

4.79 %

Lisa M. Brezonik Mary Jayne Crocker (6) James S. Johnson (7) David B. Juran (3) Mohammed Lawal Douglas J. Parish Jeffrey D. Shellberg (8) Thomas P. Trutna (9) Todd B. Urness (10)

4,785

* * *

251,731 250,868 1,430,265 14,035 899,619 226,513 1,126,247 805

5.08 %

*

3.18 %

*

4.00 %

David J. Volk (11)

—

*

All directors and executive officers—as a group (15 persons) (12)

5,935,272

20.43 %

* Indicates one percent or less.

(1) Reflects shares beneficially owned by BlackRock, Inc. (“BlackRock”) as of December 31, 2020, according to a Schedule 13G/A filed by BlackRock with the SEC on January 29, 2021. Based solely on the Schedule 13G/A, BlackRock had sole voting power over

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Bridgewater Bancshares, Inc.