Bankwell director buys 10,036 shares in open market

Bankwell Financial Group director Lawrence B. Seidman reported open-market purchases totaling 10,036 shares of Common Stock on March 10, 2026.

Rhea-AI Filing Summary

Bankwell Financial Group director Lawrence B. Seidman reported open-market purchases totaling 10,036 shares of Common Stock on March 10, 2026. Most of the buying was done through affiliated entities, including Seidman and Associates, L.L.C., Seidman Investment Partnership funds, LSBK06-08, L.L.C., Broad Park Investors, L.L.C., and Chewy Gooey Cookies, L.P., at prices around $46.93–$47.06 per share. A small portion, 36 shares, was bought directly in his own name. The filing also notes multiple restricted stock awards that will vest in stages between 2026 and 2029 under Bankwell’s stock plans.

Insider Trade Summary

Net Buyer: 10,036 shares

Net Buy 12 txns

Insider SEIDMAN LAWRENCE B

Role Director

Bought 10,036 shs ($471K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,085	$46.93	$192K
Purchase	Common Stock	1,259	$46.94	$59K
Purchase	Common Stock	754	$46.95	$35K
Purchase	Common Stock	2,460	$46.94	$115K
Purchase	Common Stock	911	$46.95	$43K
Purchase	Common Stock	531	$46.96	$25K
Purchase	Common Stock	36	$47.06	$2K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 204,649 shares (Indirect, By Seidman and Associates, L.L.C.); Common Stock — 136,526 shares (Indirect, By Seidman Investment Partnership, L.P.); Common Stock — 174,159 shares (Indirect, By Seidman Investment Partnership II, L.P.); Common Stock — 120,305 shares (Indirect, By LSBK06-08, L.L.C.); Common Stock — 132,000 shares (Indirect, By Broad Park Investors, L.L.C.); Common Stock — 22,824 shares (Indirect, By Chewy Gooey Cookies, L.P.); Common Stock — 20,971 shares (Direct); Common Stock — 4,521 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Bankwell Financial (BWFG) director Lawrence Seidman do in this Form 4?

Lawrence Seidman reported buying 10,036 shares of Bankwell Financial Common Stock in open-market transactions on March 10, 2026. Most purchases were through affiliated investment entities, with a small direct purchase, signaling increased exposure to Bankwell shares.

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

The filing shows 10,036 Bankwell Financial shares purchased on March 10, 2026 at prices between $46.93 and $47.06 per share. These were standard open-market purchases reported under transaction code P for non-derivative common stock.

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

Shares were purchased indirectly through 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., plus a small direct purchase by Lawrence Seidman.

Did Lawrence Seidman buy Bankwell Financial (BWFG) shares directly?

Yes. In addition to indirect purchases through several affiliated entities, Lawrence Seidman directly bought 36 shares of Bankwell Financial Common Stock on March 10, 2026 at $47.06 per share, according to the Form 4 data.

Are there restricted stock awards mentioned for Bankwell Financial (BWFG) in this filing?

Yes. Footnotes describe several restricted stock grants under Bankwell’s stock plans, with tranches scheduled to vest on February 7, 2026, 2027, 2028, 2029 and January 2, 2024. Some portions have already vested as of the filing date.

What does the transaction summary indicate about net buying of Bankwell Financial (BWFG) shares?

The transaction summary shows seven buy transactions and no sales, for net purchases of 10,036 shares. It classifies the overall activity as a net-buy, with no derivative exercises, gifts, tax withholdings, or restructuring events reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/11/2026 - 09:22 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)
03/10/2026

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	03/10/2026		P		4,085	A	$46.93	204,649	I	By Seidman and Associates, L.L.C.
Common Stock	03/10/2026		P		1,259	A	$46.94	136,526	I	By Seidman Investment Partnership, L.P.
Common Stock	03/10/2026		P		754	A	$46.95	174,159	I	By Seidman Investment Partnership II, L.P.
Common Stock	03/10/2026		P		2,460	A	$46.94	120,305	I	By LSBK06-08, L.L.C.
Common Stock	03/10/2026		P		911	A	$46.95	132,000	I	By Broad Park Investors, L.L.C.
Common Stock	03/10/2026		P		531	A	$46.96	22,824	I	By Chewy Gooey Cookies, L.P.
Common Stock	03/10/2026		P		36	A	$47.06	17,382	D
Common Stock								1,455	D(1)
Common Stock								1,200	D(2)
Common Stock								534	D(3)
Common Stock								400	D(4)
Common Stock								4,521	I	Deferred Compensation Plan

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	03/11/2026
	** 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.
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