Director Kotval at Bankwell (NASDAQ: BWFG) granted 1,455 restricted shares

Rhea-AI Filing Summary

Bankwell Financial Group director Anahaita N. Kotval received a new equity award. On February 9, 2026, she was granted 1,455 shares of Bankwell common stock as restricted stock under the 2022 Stock Plan at a price of $0 per share.

The grant vests in three equal installments of 485 shares on February 7, 2027, February 7, 2028, and February 7, 2029. The filing also notes prior restricted stock grants from December 29, 2023 and February 7, 2025, and that 2,500 of her 6,666 directly held shares are owned jointly with her spouse.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kotval Anahaita N.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,455	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,455 shares (Direct)

Footnotes (1)

1. 1,455 shares of restricted stock granted on February 9, 2026, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 485 to vest on February 7, 2027. 485 will vest on February 7, 2028 and 485 will vest on February 7, 2029. 1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 1,066 shares have vested. 1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028. As of the filing date, 600 shares have vested. Includes 2,500 shares that are held jointly with spouse.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kotval Anahaita N.

(Last) (First) (Middle)

C/O BANKWELL FINANCIAL GROUP, INC.

258 ELM STREET

(Street)

NEW CANAAN CT 06840

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bankwell Financial Group, Inc. [ BWFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		A		1,455	A	$0	1,455	D(1)
Common Stock								534	D(2)
Common Stock								1,200	D(3)
Common Stock								6,666	D(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 1,455 shares of restricted stock granted on February 9, 2026, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 485 to vest on February 7, 2027. 485 will vest on February 7, 2028 and 485 will vest on February 7, 2029.

2. 1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 533 vested on February 7, 2025, 533 will vest on February 7, 2026 and 534 will vest on February 7, 2027. As of the filing date, 1,066 shares have vested.

3. 1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 to vest on February 7, 2026. 600 will vest on February 7, 2027 and 600 will vest on February 7, 2028. As of the filing date, 600 shares have vested.

4. Includes 2,500 shares that are held jointly with spouse.

Remarks:

	/s/ Angelo G. Fusaro Attorney-in-Fact for Anahaita N. Kotval	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Bankwell (BWFG) director Anahaita N. Kotval report in this Form 4?

The Form 4 reports that director Anahaita N. Kotval received 1,455 shares of Bankwell common stock as restricted stock on February 9, 2026. These shares were granted under the 2022 Stock Plan as part of her equity-based director compensation.

How do the 1,455 restricted shares granted to BWFG director Kotval vest?

The 1,455 restricted shares vest in three equal installments of 485 shares. Vesting dates are February 7, 2027, February 7, 2028, and February 7, 2029, reflecting a multi‑year retention schedule tied to continued service as a director.

What earlier restricted stock grants to BWFG director Kotval are disclosed?

The filing notes 1,600 restricted shares granted on December 29, 2023 and 1,800 restricted shares granted on February 7, 2025. Portions of these awards have already vested, with 1,066 shares from the 2023 grant and 600 shares from the 2025 grant vested as of the filing.

How many Bankwell (BWFG) shares does director Kotval hold jointly with her spouse?

The disclosure states that her total direct holdings of 6,666 shares include 2,500 shares held jointly with her spouse. This indicates a portion of her reported beneficial ownership is shared, which is standard disclosure for jointly held accounts.

Does this BWFG Form 4 show any stock sales by director Kotval?

The Form 4 reflects an acquisition of 1,455 restricted shares at a stated price of $0 per share under the company’s stock plan. It does not report any open‑market sales or dispositions; the additional lines describe existing holdings and prior restricted stock awards.