SCHEDULE 13G/A 0000314984-21-000003 0000314984 XXXXXXXX LIVE 7 Common Stock 06/30/2025 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 9788.00 2372398.00 9788.00 2372398.00 2382186.00 8.7 IA IC Item 5, Item 7 and Item 9 - Thrivent Financial for Lutherans disclaims beneficial ownership of the 9,788 shares held in the Thrivent Financial Defined Benefit Plan Trust. Item 6, Item 8 and Item 9 - Represents 566,140 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,806,258 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 ending March 31, 2025, as filed with the Securities and Exchanged Commission on May 1, 2025, that there were 27,439,946 common stock outstanding of Bridgewater Bancshares, Inc. as of 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 2,382,186 Thrivent Financial for Lutherans disclaims beneficial ownership of the 9,788 shares held in the Thrivent Financial Defined Benefit Plan Trust. Represents 566,140 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,806,258 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. 8.68 The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ending March 31, 2025, as filed with the Securities and Exchanged Commission on May 1, 2025, that there were 27,439,946 common stock outstanding of Bridgewater Bancshares, Inc. as of April 29, 2025. 9,788 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust. 2,372,398 Represents 566,140 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,806,258 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. 9,788 Thrivent Financial for Lutherans disclaims beneficial ownership of these shares held in the Thrivent Financial Defined Benefit Plan Trust. 2,372,398 Represents 566,140 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,806,258 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 David S. Royal 08/15/2025