Bankwell director-linked entities buy 2,520 BWFG shares

Bankwell Financial Group director Lawrence B. Seidman reported new open‑market purchases of common stock made by several affiliated investment entities.

Rhea-AI Filing Summary

Bankwell Financial Group director Lawrence B. Seidman reported new open‑market purchases of common stock made by several affiliated investment entities. On February 27, 2026, those entities bought a combined 2,520 shares of Bankwell common stock at prices between $46.77 and $46.90 per share, all reported as indirect ownership.

The filing also describes multiple restricted stock grants under Bankwell’s stock plans, including 1,455 shares granted on February 9, 2026 and earlier awards from 2025, 2023 and 2022, with portions scheduled to vest annually through February 7, 2029 and some tranches already vested as of the filing date.

Insider Trade Summary

Net Buyer: 2,520 shares

Net Buy 12 txns

Insider SEIDMAN LAWRENCE B

Role Director

Bought 2,520 shs ($118K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,025	$46.77	$48K
Purchase	Common Stock	318	$46.81	$15K
Purchase	Common Stock	191	$46.85	$9K
Purchase	Common Stock	619	$46.78	$29K
Purchase	Common Stock	231	$46.83	$11K
Purchase	Common Stock	136	$46.90	$6K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 200,244 shares (Indirect, By Seidman and Associates, L.L.C.); Common Stock — 135,167 shares (Indirect, By Seidman Investment Partnership, L.P.); Common Stock — 173,305 shares (Indirect, By Seidman Investment Partnership II, L.P.); Common Stock — 117,664 shares (Indirect, By LSBK06-08, L.L.C.); Common Stock — 130,989 shares (Indirect, By Broad Park Investors, L.L.C.); Common Stock — 22,193 shares (Indirect, By Chewy Gooey Cookies, L.P.); Common Stock — 20,935 shares (Direct); Common Stock — 4,151 shares (Indirect, Deferred Compensation Plan)

Footnotes (4)

1. F1. 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. F2. 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.
3. F3. 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.
4. F4. 1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vesting on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,200 shares have vested.

FAQ

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What did BWFG director Lawrence B. Seidman report in this Form 4?

Lawrence B. Seidman reported that several affiliated investment entities bought Bankwell Financial Group common stock in open‑market transactions. The Form 4 also updates his indirect and direct holdings and details multiple restricted stock awards with specified vesting schedules under Bankwell’s stock incentive plans.

How many Bankwell Financial Group (BWFG) shares were bought and at what prices?

Affiliated entities associated with director Lawrence B. Seidman bought a total of 2,520 Bankwell Financial Group common shares. The reported open‑market purchase prices ranged from $46.77 to $46.90 per share, all on February 27, 2026, according to the Form 4 transaction table.

Which entities bought BWFG shares on February 27, 2026?

The purchases were attributed to Seidman and Associates, L.L.C., Seidman Investment Partnership, L.P., Seidman Investment Partnership II, L.P., LSBK06-08, L.L.C., Broad Park Investors, L.L.C., and Chewy Gooey Cookies, L.P. Each entity’s indirect holdings increased by the specific share amounts listed in the Form 4.

What restricted stock awards in BWFG does Lawrence B. Seidman hold?

He holds several restricted stock awards, including 1,455 shares granted February 9, 2026; 1,800 shares granted February 7, 2025; and 1,600‑share grants from December 29, 2023 and December 30, 2022. Portions of each award vest annually under Bankwell’s stock plans.

When will Seidman’s BWFG restricted shares vest according to the filing?

For the 2026 grant, 485 shares vest on February 7 of 2027, 2028, and 2029. Earlier grants vest in annual installments, with specific tranches scheduled on February 7, 2026‑2028 and January 2 of successive years, and some shares already vested by the filing date.

How many BWFG restricted shares from earlier grants have already vested?

From the February 7, 2025 grant of 1,800 restricted shares, 600 had vested as of the filing date. From the December 29, 2023 grant of 1,600 shares, 1,066 had vested. From the December 30, 2022 grant of 1,600 shares, 1,200 had vested by the filing date.

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Accepted by SEC EDGAR 03/02/2026 - 09:13 AM Learn about SEC filing dates

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^*

SEIDMAN LAWRENCE B

(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)
02/27/2026

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	02/27/2026		P		1,025	A	$46.77	200,244	I	By Seidman and Associates, L.L.C.
Common Stock	02/27/2026		P		318	A	$46.81	135,167	I	By Seidman Investment Partnership, L.P.
Common Stock	02/27/2026		P		191	A	$46.85	173,305	I	By Seidman Investment Partnership II, L.P.
Common Stock	02/27/2026		P		619	A	$46.78	117,664	I	By LSBK06-08, L.L.C.
Common Stock	02/27/2026		P		231	A	$46.83	130,989	I	By Broad Park Investors, L.L.C.
Common Stock	02/27/2026		P		136	A	$46.9	22,193	I	By Chewy Gooey Cookies, L.P.
Common Stock								1,455	D(1)
Common Stock								1,200	D(2)
Common Stock								534	D(3)
Common Stock								400	D(4)
Common Stock								4,151	I	Deferred Compensation Plan
Common Stock								17,346	D

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. 1,800 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.

3. 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.

4. 1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vesting on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,200 shares have vested.

Remarks:

	/s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman	03/02/2026
	** 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).
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