Director Dale Eric J adds BWFG (NASDAQ: BWFG) shares via 612-share open-market buy

Rhea-AI Filing Summary

Bankwell Financial Group, Inc. director Dale Eric J reported an open-market purchase of 612 shares of common stock at $46.00 per share on March 6, 2026 through a Deferred Compensation Plan, held as indirect ownership totaling 41,908 shares after the transaction.

The filing also lists multiple blocks of directly held common stock, with post-transaction holdings of 400, 534, 1,200, 1,455 and 37,330 shares. Footnotes describe several restricted stock grants under the 2022 stock plan, including awards where 1,200, 1,066 and 600 shares had vested as of the filing date.

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^*

Dale Eric J

(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)
03/06/2026

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	03/06/2026		P		612	A	$46	41,908	I	Deferred Compensation Plan
Common Stock								400	D(1)
Common Stock								534	D(2)
Common Stock								1,200	D(3)
Common Stock								1,455	D(4)
Common Stock								37,330	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. 1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested 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.

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. 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.

Remarks:

	/s/ Angelo G. Fusaro, Attorney-in-Fact for Eric J. Dale	03/09/2026
	** 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 insider transaction did BWFG director Dale Eric J report?

Director Dale Eric J reported buying 612 shares of Bankwell Financial Group common stock. The purchase occurred on March 6, 2026 through a Deferred Compensation Plan and was classified as an open-market or private purchase, according to the Form 4 filing data provided.

How many BWFG shares did Dale Eric J purchase and at what price?

Dale Eric J purchased 612 shares of Bankwell Financial Group common stock at $46.00 per share. The transaction was reported as an open-market or private purchase, increasing his indirectly held shares in the Deferred Compensation Plan to 41,908 after the trade was completed.

What are Dale Eric J’s BWFG share holdings after the reported transaction?

After the reported transaction, indirect holdings through the Deferred Compensation Plan total 41,908 shares. The filing also lists several directly held positions of common stock, with post-transaction amounts of 400, 534, 1,200, 1,455 and 37,330 shares in separate blocks reported on the same date.

How are restricted stock awards for BWFG’s Dale Eric J structured and vesting?

Footnotes show multiple restricted stock grants under the 2022 Bankwell Financial Group Stock Plan. As of the filing date, 1,200 shares from a 2022 grant, 1,066 shares from a 2023 grant, and 600 shares from a 2025 grant had vested, with additional tranches scheduled to vest later.

What ownership type is associated with the 612-share BWFG purchase by Dale Eric J?

The 612-share purchase is reported as indirect ownership through a Deferred Compensation Plan. The transaction is coded as a purchase in the open market or a private transaction, and the total indirectly held common stock in this plan increased to 41,908 shares following the trade.

Which stock plan governs the restricted stock grants to BWFG’s Dale Eric J?

All the restricted stock grants described in the footnotes were made under the 2022 Bankwell Financial Group, Inc. Stock Plan. The awards from 2022, 2023, 2025, and 2026 vest in scheduled annual installments, with several portions already vested as of the filing date.