SCHEDULE 13G/A 0000314984-21-000003 0000314984 XXXXXXXX LIVE 6 Common Stock 04/30/2025 0001341317 Bridgewater Bancshares Inc 108621103 4450 EXCELSIOR BLVD. 4450 EXCELSIOR BLVD. ST. LOUIS PARK MN 55416 Rule 13d-1(b) THRIVENT FINANCIAL FOR LUTHERANS WI 14740.00 2731729.00 14740.00 2731729.00 2746469.00 10.0 IC IA Item 5, Item 7 and Item 9 - Thrivent Financial for Lutherans disclaims beneficial ownership of the 14,740 shares held in the Thrivent Financial Defined Benefit Plan Trust. Item 6, Item 8 and Item 9 - Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. Item 11 - The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission on May 1, 2025, that there were 27,439,946 shares of Bridgewater Bancshares, Inc. Common Stock outstanding at April 29, 2025. Bridgewater Bancshares Inc 4450 EXCELSIOR BLVD., 4450 EXCELSIOR BLVD., ST. LOUIS PARK, MINNESOTA, 55416. Thrivent Financial for Lutherans 901 Marquette Avenue, Suite 2500 Minneapolis, MN 55402 Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society. N IC IA 2,746,469 Thrivent Financial for Lutherans disclaims beneficial ownership of the 14,740 shares held in the Thrivent Financial Defined Benefit Plan Trust. Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. 10.009 The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission on May 1, 2025, that there were 27,439,946 shares of Bridgewater Bancshares, Inc. Common Stock outstanding at April 29, 2025. 14,740 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust. 2,731,729 Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. 14,740 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust. 2,731,729 Represents 726,882 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 2,004,847 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. THRIVENT FINANCIAL FOR LUTHERANS /s/ David S. Royal 05/06/2025