Director-linked funds of Bankwell (BWFG) sell 10,000 shares near $47

Rhea-AI Filing Summary

Bankwell Financial Group director Lawrence B. Seidman reported indirect open‑market sales of a total of 10,000 shares of Bankwell Financial Group, Inc. common stock on February 23, 2026 through affiliated entities. The sales, at prices between $47.39 and $47.42 per share, were executed by 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. The filing also lists Seidman’s direct and deferred restricted stock holdings, including grants of 1,455, 1,800 and 1,600 shares scheduled to vest in annual installments through February 7, 2029.

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

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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)
02/23/2026

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	02/23/2026		S		4,068	A	$47.39	199,219	I	By Seidman and Associates, L.L.C.
Common Stock	02/23/2026		S		1,261	A	$47.4	134,849	I	By Seidman Investment Partnership, L.P.
Common Stock	02/23/2026		S		760	A	$47.41	173,114	I	By Seidman Investment Partnership II, L.P.
Common Stock	02/23/2026		S		2,456	A	$47.39	117,045	I	By LSBK06-08, L.L.C.
Common Stock	02/23/2026		S		917	A	$47.41	130,758	I	By Broad Park Investors, L.L.C.
Common Stock	02/23/2026		S		538	A	$47.42	22,057	I	By Chewy Gooey Cookies, L.P.
Common Stock								1,455	D(1)
Common Stock								1,200	D(2)
Common Stock								400	D(3)
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 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	02/24/2026
	** 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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FAQ

What insider transaction did BWFG director Lawrence B. Seidman report?

Lawrence B. Seidman reported affiliated entities sold a total of 10,000 BWFG common shares on February 23, 2026. The open-market sales occurred at prices between $47.39 and $47.42 per share, according to the Form 4 filing.

Which entities sold Bankwell Financial Group (BWFG) shares in this Form 4?

The sales were made by 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., all associated with director Lawrence B. Seidman.

At what prices were the 10,000 BWFG shares sold by Seidman-affiliated entities?

The reported open-market sales of 10,000 BWFG shares occurred at per-share prices ranging from $47.39 to $47.42. Each transaction line in the Form 4 specifies an exact price within that narrow range for the respective selling entity.

How many BWFG shares remain after the reported sales for Seidman-related entities?

After the transactions, Seidman-related entities reported indirect holdings including 199,219, 134,849, 173,114, 117,045, 130,758, and 22,057 shares, respectively. The Form 4 presents these as share balances following each entity’s sale on February 23, 2026.

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

The filing notes restricted stock grants of 1,455 shares on February 9, 2026, 1,800 shares on February 7, 2025, and 1,600 shares on December 30, 2022, with vesting in annual installments through February 7, 2029.

How much of Seidman’s earlier BWFG restricted stock has already vested?

For the 1,800-share grant dated February 7, 2025, the Form 4 states 600 shares have vested as of the filing date. For the 1,600-share grant from December 30, 2022, it reports that 1,200 shares have vested so far.