[SCHEDULE 13D/A] Bankwell Financial Group, Inc. SEC Filing

Rhea-AI Filing Summary

Seidman group disclosed ownership of 788,622 shares, or approximately 10.01% of Bankwell Financial Group Inc. The filing states the shares were acquired in open market purchases using working capital and cost about $22,038,633.14 including commissions. The ownership calculation is based on 7,877,443 shares outstanding as of June 30, 2025. The filing details individual holdings across affiliated entities: Seidman and Associates LLC (194,509 shares, 2.47%), Seidman Investment Partnership LP (133,370 shares, 1.69%), Seidman Investment Partnership II LP (172,234 shares, 2.19%), LSBK06-08 LLC (114,199 shares, 1.45%), Broad Park Investors LLC (129,711 shares, 1.65%), Chewy Gooey Cookies LP (21,419 shares, 0.27%), and Veteri Place Corporation (305,604 shares, 3.88% as general partner). The purchases were executed under regulatory approvals to acquire up to 14.99% of outstanding shares.

Positive

• Aggregate disclosure of a 10.01% position provides transparency to the market
• Detailed per-entity share counts clarify allocation across affiliated vehicles
• Purchase consideration disclosed (~$22,038,633.14), showing the economic scale of the stake
• Acquisitions executed under regulatory approvals to buy up to 14.99% of outstanding shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Seidman-related persons now report a combined 10.01% stake in BWFG acquired via open-market purchases costing ~$22.0M.

The filing is a clear Schedule 13D/A disclosure of an activist-style aggregate stake without any claimed change-of-control intent. It quantifies position sizes by entity and confirms working capital as the funding source, with total consideration of approximately $22.04 million. The filing relies on the issuers outstanding share count from the June 30, 2025 10-Q. Reporting is precise on voting and dispositive power, and includes Exhibit 1 for recent transactions. For investors, the key implication is a concentrated, disclosed ownership that could affect shareholder dynamics, but the filing does not state plans to control or alter management.

Corporate Governance Expert

TL;DR: Aggregated 10.01% beneficial ownership is material and properly disclosed; no explicit governance actions are announced.

The Schedule 13D/A identifies formation of a reporting group of affiliated entities and explains attribution of shares through managerial and partnership roles. It includes the required smoking-gun metrics: exact share counts per reporting person, percent of class, source of funds, and aggregate purchase cost. The filing also contains standard disclaimers denying beneficial ownership beyond direct holdings. Absent statements of intent or proposals, the filing is informational and meets disclosure requirements for a >5% holder under the Exchange Act.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Bankwell Financial Group Inc

(Name of Issuer)

Common Stock, No Par Value

(Title of Class of Securities)

06654A103

(CUSIP Number)

Lawrence B. Seidman
900 Lanidex Plaza, Suite 230, Parsippany
Parsippany, NJ, 07054
973-952-0405

Steve Wolosky, Esq.
1325 Avenue of the Americas,
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/12/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Seidman and Associates LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 194,509.00
8	Shared Voting Power
9	Sole Dispositive Power 194,509.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

194,509.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.47 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Seidman Investment Partnership LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 133,370.00
8	Shared Voting Power
9	Sole Dispositive Power 133,370.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

133,370.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.69 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Seidman Investment Partnership II LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 172,234.00
8	Shared Voting Power
9	Sole Dispositive Power 172,234.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

172,234.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.19 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

LSBK06-08 LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 114,199.00
8	Shared Voting Power
9	Sole Dispositive Power 114,199.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

114,199.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.45 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Broad Park Investors LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 129,711.00
8	Shared Voting Power
9	Sole Dispositive Power 129,711.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

129,711.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.65 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Chewy Gooey Cookies LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 21,419.00
8	Shared Voting Power
9	Sole Dispositive Power 21,419.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

21,419.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.27 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Veteri Place Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 305,604.00
8	Shared Voting Power
9	Sole Dispositive Power 305,604.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

305,604.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.88 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 06654A103

1

Name of reporting person

Lawrence B Seidman

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 788,622.00
8	Shared Voting Power
9	Sole Dispositive Power 788,622.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

788,622.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.01 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, No Par Value
(b)	Name of Issuer: Bankwell Financial Group Inc
(c)	Address of Issuer's Principal Executive Offices: 258 Elm Street, New Canaan, CONNECTICUT , 06840.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares purchased by the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase cost of the 788,622 Shares beneficially owned in the aggregate by the Reporting Persons is approximately $22,038,633.14, including brokerage commissions.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and restated to read as follows: These purchases were executed in accordance with the regulatory approvals Mr. Seidman obtained to purchase up to 14.99% of the outstanding shares of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each Reporting Person is based upon 7,877,443 Shares outstanding, which is the total number of Shares outstanding as of June 30, 2025, as reported in the Issuer's 10-Q filed with the Securities and Exchange Commission on August 6, 2025. An aggregate of 788,622, contituting approximately 10.01% of the Shares outstanding, are reported by the Reporting Persons in this statement.
(b)	As of the close of business on September 12, 2025: SAL beneficially owned 194,509 Shares, approximately 2.47% and SAL's transactions in the Shares during the past 60 days are listed in Exhibit 1. SIP beneficially owned 133,370 Shares, approximately 1.69% and SIP's transactions in the Shares during the past 60 days are listed in Exhibit 1. SIPII beneficially owned 172,234 Shares, approximately 2.19% and SIPII's transactions in the Shares during the past 60 days are listed in Exhibit 1. LSBK beneficially owned 114,199 Shares, approximately 1.45% and LSBK's transactions in the Shares during the past 60 days are listed in Exhibit 1. Broad Park beneficially owned 129,711 Shares, approximately 1.65% and Broad Park's transactions during the past 60 days are listed in Exhibit 1. Chewy beneficially owned 21,419 Shares, approximately 0.27% and Chewy's transactions during the past 60 days are listed in Exhibit 1. Veteri, (i) as the general partner of each of SIP and SIPII may be deemed the beneficial owner of the 133,370 Shares owned by SIP and the 172,234 Shares owned by SIPII. Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 297,042 Shares, approximately 3.77%. Veteri has not entered into any transactions in the Shares during the past 60 days. Seidman beneficially owned 23,180 Shares, approximately 0.29%, and (i) as the Managing Member of SAL may be deemed the beneficial owner of the 194,509 Shares owned by SAL, (ii) as the sole officer of Veteri, the general partner of each SIP and SIPII, may be deemed the beneficial owner of the 133,370 Shares owned by SIP and the 172,234 Shares owned by SIPII, (iii) as the Investment Managing Member of LSBK, may be deemed the beneficial owner of the 114,199 Shares owned by LSBK, (iv) as the investment manager for each Broad Park and Chewy, may be deemed the beneficial owner of the 129,711 Shares owned by Broad Park, and the 21,419 Shares owned by Chewy. Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 788,622 Shares, approximately 10.01%. In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares. Seidman's transactions in the Shares during the past 60 days are set forth in Exhibit 1.
(c)	An aggregate pf 788,622 Shares, contituting approximately 10.01% of the Shares outstanding, are reported by the Reporting Persons in this statement. Each of the Reporting Persons, as a member of a "group" with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Exchange Act, may be deemed to beneficially own the Shares owned by the other Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own. To the best of the Reporting Persons' knowledge, except as set forth in this Schedule 13D, none of the persons listed on Schedule A to the Schedule13D beneficially owns any securities of the Issuer.
(d)	No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1 Transactions in the Shares during the past 60 days.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Seidman and Associates LLC

Signature:	Lawrence B. Seidman
Name/Title:	Managing Member
Date:	09/15/2025

Seidman Investment Partnership LP

Signature:	Lawrence B. Seidman
Name/Title:	President of the General Partner
Date:	09/15/2025

Seidman Investment Partnership II LP

Signature:	Lawrence B. Seidman
Name/Title:	President of the General Partner
Date:	09/15/2025

LSBK06-08 LLC

Signature:	Lawrence B. Seidman
Name/Title:	Investment Managing Member
Date:	09/15/2025

Broad Park Investors LLC

Signature:	Lawrence B. Seidman
Name/Title:	Investments Manager
Date:	09/15/2025

Chewy Gooey Cookies LP

Signature:	Lawrence B. Seidman
Name/Title:	Investments Manager
Date:	09/15/2025

Veteri Place Corporation

Signature:	Lawrence B. Seidman
Name/Title:	President
Date:	09/15/2025

Lawrence B Seidman

Signature:	Lawrence B. Seidman
Name/Title:	Lawrence B Seidman
Date:	09/15/2025

FAQ

How many BWFG shares does Lawrence B. Seidman-related group own?

The Reporting Persons collectively report beneficial ownership of 788,622 shares, approximately 10.01% of outstanding shares.

What was the aggregate cost of the shares reported in the 13D/A?

The filing states the aggregate purchase cost was approximately $22,038,633.14, including brokerage commissions.

On what share count is the 10.01% figure based?

The percentage is based on 7,877,443 shares outstanding reported as of June 30, 2025 in the issuers 10-Q.

Which affiliated entities hold BWFG shares and their amounts?

Seidman and Associates LLC 194,509; Seidman Investment Partnership LP 133,370; Seidman Investment Partnership II LP 172,234; LSBK06-08 LLC 114,199; Broad Park Investors LLC 129,711; Chewy Gooey Cookies LP 21,419; Veteri Place Corporation 305,604 (as general partner attribution).

Did the filing state any plans to change Bankwells management or operations?

No. The Schedule 13D/A does not state any intent to change control, management, or operations.