Director Seidman-linked entities add Bankwell Financial Group (BWFG) shares

Rhea-AI Filing Summary

Bankwell Financial Group director Lawrence B. Seidman reported multiple indirect open-market purchases of Common Stock on March 6, 2026. Entities associated with him bought a total of 1,271 shares, including 370 shares at 46.00 and 320 shares at 45.61 per share.

The holdings are spread across a deferred compensation plan and several investment partnerships and LLCs. Separate footnotes describe prior restricted stock grants from 2022, 2023, 2025, and 2026, with portions vesting 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)
03/06/2026

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		370	A	$46	4,521	I	Deferred Compensation Plan
Common Stock	03/06/2026		P		320	A	$45.61	200,564	I	By Seidman and Associates, L.L.C.
Common Stock	03/06/2026		P		100	A	$45.75	135,267	I	By Seidman Investment Partnership, L.P.
Common Stock	03/06/2026		P		100	A	$45.75	173,405	I	By Seidman Investment Partnership II, L.P.
Common Stock	03/06/2026		P		181	A	$45.66	117,845	I	By LSBK06-08, L.L.C.
Common Stock	03/06/2026		P		100	A	$45.75	131,089	I	By Broad Park Investors, L.L.C.
Common Stock	03/06/2026		P		100	A	$45.75	22,293	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								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	03/09/2026
	** 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 activity did BWFG director Lawrence B. Seidman report?

Director Lawrence B. Seidman reported indirect open-market purchases of Bankwell Financial Group common stock. Entities associated with him acquired 1,271 shares on March 6, 2026, at prices in the mid-$40s per share, increasing their reported indirect ownership positions.

How many BWFG shares were bought in the latest Seidman-linked transactions?

Entities associated with Lawrence B. Seidman bought 1,271 Bankwell Financial Group common shares. Individual trades included blocks such as 370 shares at $46.00 and 320 shares at $45.61, all reported as indirect ownership through various partnerships, LLCs, and a deferred compensation plan.

Were the recent BWFG insider trades by Lawrence Seidman direct or indirect?

The reported Bankwell Financial Group purchases were indirect. The Form 4 shows ownership coded as indirect through a deferred compensation plan and several investment entities, including Seidman and Associates, L.L.C. and multiple investment partnerships and LLCs associated with Seidman.

What prices were paid for the BWFG shares in the Seidman-related purchases?

The reported Bankwell Financial Group purchases occurred at prices around the mid-$40s per share. Examples include 370 shares at $46.00, 320 shares at $45.61, and several 100-share trades at $45.75, all classified as open-market purchases of common stock.

Does the BWFG Form 4 show any restricted stock awards for Lawrence Seidman?

Yes. Footnotes describe restricted stock grants from 2022, 2023, 2025, and 2026 under Bankwell stock plans. These awards vest in annual installments, with specific share amounts scheduled to vest each February through 2029 and portions already vested as of the filing date.

How many BWFG restricted shares from earlier grants have vested so far?

Footnotes state 600 shares have vested from a 2025 restricted award, 1,066 shares from a 2023 award, and 1,200 shares from a 2022 award. Each grant follows a defined multi-year vesting schedule under Bankwell’s stock plans, with additional tranches vesting in future years.