X0306 4 2020-02-20 0 0001341317 Bridgewater Bancshares Inc BWB 0001733285 Johnson James S. C/O BRIDGEWATER BANCSHARES, INC. 3800 AMERICAN BLVD WEST, SUITE 100 BLOOMINGTON MN 55431 1 0 0 0 Common Stock 2020-02-20 4 S 0 7500 13.4515 D 69250 I By Trust Common Stock 76750 I By Trust Common Stock 10417 I By Spouse IRA Common Stock 50416 D The Price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.45 to $13.48, inclusive. The reporting person undertakes to provide Bridgewater Bancshares, Inc., any security holder of Bridgewater Bancshares, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. Shares of common stock are held by Mr. Johnson as co-trustee of the James S. Johnson Trust, dated May 28, 2015. Mr. Johnson possesses shared voting and investment power with respect to the shares of common stock held under the James S. Johnson Trust dated May 28, 2015. Shares of common stock are held by Mr. Johnson as co-trustee of the Jolynn Johnson Trust dated May 28, 2015. Mr. Johnson possesses shared voting and investment power with respect to the shares of common stock held under the Jolynn Johnson Trust dated May 28, 2015. Shares held in an IRA that were previously reported as indirectly owned. /s/ Ben Klocke, attorney-in-fact 2020-02-21