0001415889-24-012207.txt : 20240503 0001415889-24-012207.hdr.sgml : 20240503 20240503163816 ACCESSION NUMBER: 0001415889-24-012207 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240426 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Espeseth Laura CENTRAL INDEX KEY: 0002021736 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38412 FILM NUMBER: 24913855 MAIL ADDRESS: STREET 1: 4450 EXCELSIOR BLVD. STREET 2: STE 100 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bridgewater Bancshares Inc CENTRAL INDEX KEY: 0001341317 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4450 EXCELSIOR BLVD. STREET 2: SUITE 100 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 BUSINESS PHONE: (952) 893-6868 MAIL ADDRESS: STREET 1: 4450 EXCELSIOR BLVD. STREET 2: SUITE 100 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 3 1 form3-05032024_080505.xml X0206 3 2024-04-26 0 0001341317 Bridgewater Bancshares Inc BWB 0002021736 Espeseth Laura C/O BRIDGEWATER BANCSHARES, INC. 4450 EXCELSIOR BLVD., STE 100 ST. LOUIS PARK MN 55416 false true false false Chief Accounting Officer Common Stock 16679 D Option to buy 7.47 2027-09-30 Common Stock 2000 D Option to buy 12.86 2028-08-31 Common Stock 35000 D Option to buy 10.65 2033-08-01 Common Stock 13700 D Option to buy 10.65 2033-08-01 Common Stock 1300 D Option to buy granted under the 2017 Combined Incentive and Non-Statutory Stock Plan. Option exercisable in 20% increments on the first five anniversaries of the date of the grant which was 10/1/2017. Option exercisable in 20% increments on the first five anniversaries of the date of the grant which was 09/1/2018. Option exercisable in 25% increments on the first four anniversaries of the date of the grant which was 08/01/2023. Option to buy granted under the 2019 Equity Incentive Plan. /s/ Ben Klocke, Attorney-in-Fact 2024-05-03 EX-24 2 ex24-05032024_080505.htm ex24-05032024_080505.htm




POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints each of Joe Chybowski and Ben Klocke, each with full power and authority to act alone, as the undersigned’s true and lawful attorney-in-fact to:

(1)

prepare, execute for and on behalf of the undersigned, and submit to the United States Securities and Exchange Commission (the “Commission”) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the Commission of reports required by Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any rule or regulation of the Commission;

(2)

execute for and on behalf of the undersigned, in the undersigned’s capacity as a reporting person of Bridgewater Bancshares, Inc. (the “Company”), Forms 3, 4 and 5 in accordance with Section 16(a) of the Exchange Act and the rules thereunder, or Forms 144 pursuant to the Exchange Act;

(3)

do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4,5, or Form 144 including any amendment or amendments thereto and file such form with the Commission and the applicable stock exchange or similar authority;

(4)

 seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to each of the undersigned’s attorneys-in-fact appointed by this Power of Attorney and approves and ratifies any such release of information; and

(5)

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of any of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by any of such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as any of such attorneys-in-fact may approve in his or her discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to act separately and to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any of such attorneys-in-fact, or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

The undersigned agrees to hold the attorneys-in-fact, or either one of them, jointly and severally, free and harmless from any and all loss, damage or liability that they, or either one of them, may sustain as a result of any action taken in good faith hereunder and not due to the attorney-in-fact’s own negligence, misconduct or bad faith.  

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 29th day of April, 2024.



Signature:

 /s/ Laura Espeseth

Name:

Laura Espeseth