[144] Bankwell Financial Group Inc SEC Filing

Rhea-AI Filing Summary

Form 144 notice: A person who acquired 2,000 shares of Bankwell Financial Group Inc. (common) on 05/08/2014 as director compensation proposes to sell those shares through Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004). The proposed approximate sale date is 08/27/2025 on NASDAQ. The filing lists an aggregate market value of $85,136.80 for the 2,000 shares and reports 7,877,443 shares outstanding, implying the proposed sale represents roughly 0.025% of outstanding common shares. The filer certifies they are not aware of undisclosed material adverse information regarding the issuer.

Positive

• Clear disclosure of broker, share count, acquisition date, acquisition nature, and proposed sale date
• De minimis size: 2,000 shares represent approximately 0.025% of the 7,877,443 shares outstanding
• Filer attestation that no undisclosed material adverse information is known

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, routine Form 144 filing for 2,000 shares; unlikely to be material to BWFG's capital structure.

The filing documents a proposed sale of 2,000 common shares previously acquired as director compensation. The broker is Morgan Stanley Smith Barney and the intended execution date is 08/27/2025. With 7,877,443 shares outstanding and an aggregate value of $85,136.80, the position equals about 0.025% of outstanding shares, a de minimis proportion that typically lacks market-moving significance. The filer also affirms no undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Insider sale notice appears procedural; disclosure meets Rule 144 requirements with a broker named.

The form identifies the acquisition as director compensation on 05/08/2014 and specifies payment/consideration as compensation. The notice includes standard attestation about material information and names the executing broker. For governance review, this is a routine disclosure of an insider's planned sale rather than an event indicating governance change or remuneration policy shift.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2000	85136.80	7877443	08/27/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/08/2014	Director Compensation	Issuer			2000	05/08/2014	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for BWFG report?

The form reports a proposed sale of 2,000 common shares of Bankwell Financial Group Inc., acquired as director compensation on 05/08/2014, to be sold through Morgan Stanley Smith Barney.

When is the proposed sale date listed on the Form 144?

The approximate date of sale is listed as 08/27/2025.

What is the aggregate market value and outstanding share count on the filing?

Aggregate market value is reported as $85,136.80 for the 2,000 shares; shares outstanding are listed as 7,877,443.

Who is the broker named on the Form 144?

The broker is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

How material is this proposed sale to BWFG's capital structure?

Based on the filing numbers, the sale equals about 0.025% of outstanding shares, which is immaterial to the company’s overall capitalization.