Bankwell Financial (BWFG) director entities add 10,000 shares

Rhea-AI Filing Summary

Bankwell Financial Group director-related entities bought a total of 10,000 shares of Common Stock in open-market transactions on March 13, 2026. Purchase prices ranged from $46.95 to $46.99 per share, and all shares are held indirectly through investment partnerships and LLCs associated with Lawrence B. Seidman.

After these buys, example positions include Seidman and Associates, L.L.C. holding 216,904 shares and Broad Park Investors, L.L.C. holding 134,733 shares. Seidman also holds multiple restricted stock awards granted between 2022 and 2026 under company stock plans, with portions already vested and additional tranches scheduled to vest annually through 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

OMB Number:			3235-0287
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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)
03/13/2026

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	03/13/2026		P		4,085	A	$46.95	216,904	I	By Seidman and Associates, L.L.C.
Common Stock	03/13/2026		P		1,259	A	$46.96	140,303	I	By Seidman Investment Partnership, L.P.
Common Stock	03/13/2026		P		754	A	$46.98	176,421	I	By Seidman Investment Partnership II, L.P.
Common Stock	03/13/2026		P		2,460	A	$46.96	127,685	I	By LSBK06-08, L.L.C.
Common Stock	03/13/2026		P		911	A	$46.97	134,733	I	By Broad Park Investors, L.L.C.
Common Stock	03/13/2026		P		531	A	$46.99	24,417	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								4,521	I	Deferred Compensation Plan
Common Stock								17,382	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	03/16/2026
	** 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 BWFG director Lawrence B. Seidman’s entities buy on March 13, 2026?

Entities associated with director Lawrence B. Seidman bought 10,000 BWFG common shares on March 13, 2026. The purchases were open-market transactions across several partnerships and LLCs that collectively increased their indirect ownership positions in Bankwell Financial Group.

At what prices were the 10,000 BWFG shares purchased by Seidman-related entities?

The 10,000 BWFG shares were purchased at prices between $46.95 and $46.99 per share. Each transaction was reported as an open-market purchase, reflecting small price variations across the different affiliated entities buying the stock that day.

How many BWFG shares does Seidman and Associates, L.L.C. hold after these transactions?

After the reported transactions, Seidman and Associates, L.L.C. holds 216,904 BWFG common shares. This position reflects indirect ownership attributed to director Lawrence B. Seidman through this investment entity as disclosed in the Form 4 filing.

What is Broad Park Investors, L.L.C.’s BWFG share position following the purchases?

Following the March 13, 2026 purchases, Broad Park Investors, L.L.C. holds 134,733 BWFG common shares. This stake is reported as an indirect holding for Lawrence B. Seidman, supplementing positions in several other affiliated investment vehicles.

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

Lawrence B. Seidman holds several restricted stock grants from 2022, 2023, 2025, and 2026 under Bankwell stock plans. These awards vest in annual installments, with some shares already vested and additional tranches scheduled to vest each year through 2029.

Are the BWFG purchases attributed directly to Lawrence B. Seidman or to related entities?

The purchases are attributed to related entities, including Seidman and Associates, L.L.C. and multiple partnerships and LLCs. The Form 4 reports them as indirect holdings for Lawrence B. Seidman rather than direct personal purchases of Bankwell Financial Group stock.