SCHEDULE 13G

CUSIP No.

108621103

Names of Reporting Persons

Jerry Baack

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,422,162.00
6	Shared Voting Power 7,000.00
7	Sole Dispositive Power 1,422,162.00
8	Shared Dispositive Power 7,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,429,162.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.1 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

BRIDGEWATER BANCSHARES, INC.

(b)

Address of issuer's principal executive offices:

4450 Excelsior Blvd., Suite 100, St. Louis Park, MN, 55416.

Item 2.

(a)

Name of person filing:

Jerry Baack

(b)

Address or principal business office or, if none, residence:

4450 Excelsior Blvd., Suite 100, St. Louis Park, MN 55416

(c)

Citizenship:

United States

(d)

Title of class of securities:

Common Stock

(e)

CUSIP No.:

108621103

Item 4.

Ownership

(a)

Amount beneficially owned:

See the responses to Item 9 on the attached cover pages.

(b)

Percent of class:

See the responses to Item 11 on the attached cover pages. Such response is based on 27,759,970 shares of common stock outstanding as of December 31, 2025, as reflected in the Issuer's Form 8-K dated January 27, 2026, as filed by the Issuer with the U.S. Securities and Exchange Commission on January 27, 2026.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See the responses to Item 5 on the attached cover pages. Such response (i) includes 290,000 shares of common stock underlying options that are currently exercisable or are exercisable within 60 days of December 31, 2025; (ii) includes 13,888 shares of restricted stock units that will vest within 60 days of December 31, 2025 and excludes 26,102 shares of restricted stock units that will not vest within 60 days of December 31, 2025; and (iii) includes 3,000 shares held by Mr. Baack as custodian for children.

(ii) Shared power to vote or to direct the vote:

See the responses to Item 6 on the attached cover pages. Such response includes 7,000 shares held jointly with Mr. Baack's spouse.

(iii) Sole power to dispose or to direct the disposition of:

See the responses to Item 7 on the attached cover pages. Such response (i) includes 290,000 shares of common stock underlying options that are currently exercisable or are exercisable within 60 days of December 31, 2025; (ii) includes 13,888 shares of restricted stock units that will vest within 60 days of December 31, 2025 and excludes 26,102 shares of restricted stock units that will not vest within 60 days of December 31, 2025; and (iii) includes 3,000 shares held by Mr. Baack as custodian for children.

(iv) Shared power to dispose or to direct the disposition of:

See the responses to Item 8 on the attached cover pages. Such response includes 7,000 shares held jointly with Mr. Baack's spouse.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Jerry Baack

Signature:	/s/ Ben Klocke
Name/Title:	Ben Klocke, attorney-in-fact for Jerry Baack pursuant to Power of Attorney attached to this Schedule 13G
Date:	02/11/2026