BlackRock (NYSE: BWFG) holds 4.9% of Bankwell common stock

Rhea-AI Filing Summary

BlackRock, Inc. reported beneficial ownership of 394,174 shares of Bankwell Financial Group, Inc. common stock, representing 4.9% of the class as of 03/31/2026. The filing lists 386,698 shares as sole voting power and 394,174 as sole dispositive power. The Schedule 13G/A amendment is signed by a Managing Director on 04/27/2026.

Insights

Institutional Ownership Analyst

BlackRock reports a sub-5% passive stake in Bankwell.

BlackRock's Schedule 13G/A shows ownership of 394,174 shares (4.9%), consistent with passive investment reporting under beneficial ownership rules. The filing attributes sole voting and dispositive powers to BlackRock for the reported shares.

Because the stake is under 5%, this is a routine institutional disclosure; subsequent Form 13D would be required only if beneficial ownership or intent changed. Future filings would show any material change in percentage or voting intent.

Compliance & Governance Specialist

Form type and signatures align with an amended Schedule 13G filing.

The document is an Amendment No. 1 to a Schedule 13G filed by BlackRock, signed by a Managing Director with exhibits noted (Exhibit 24 and Exhibit 99). It follows disclosure conventions for institutional holders and lists the issuer CUSIP 06654A103.

Watch subsequent amendments if BlackRock's ownership or voting stance changes above the 5% threshold, which would alter reporting obligations.

Key Figures

Beneficially owned: 394,174 shares Percent of class: 4.9% Sole voting power: 386,698 shares +2 more

5 metrics

Beneficially owned 394,174 shares as of 03/31/2026

Percent of class 4.9% ownership percentage reported on Schedule 13G/A

Sole voting power 386,698 shares Item 4(i) voting power

Sole dispositive power 394,174 shares Item 4(iii) dispositive power

CUSIP 06654A103 Bankwell Financial Group common stock identifier

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, Exhibit 24

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G filed by BlackRock, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 394174 (Item 4)"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 394174"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Exhibit 24 legal

"Exhibit 24: Power of Attorney (listed under Exhibit Information)"

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

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Accepted by SEC EDGAR 04/27/2026 - 04:12 PM Learn about SEC filing dates

FAQ

What stake does BlackRock hold in Bankwell Financial Group (BWFG)?

BlackRock beneficially owns 394,174 shares, representing 4.9% of Bankwell's common stock as of 03/31/2026. The Schedule 13G/A amendment lists sole voting power of 386,698 shares and sole dispositive power of 394,174 shares.

Is BlackRock's filing an active activist position or passive ownership?

The filing is a Schedule 13G/A amendment, which typically indicates passive institutional ownership. The document does not state activist intentions and remains consistent with passive reporting for holdings under 5% of the class.

When were the holdings reported and who signed the filing?

The ownership is reported as of 03/31/2026 and the amendment is signed by Spencer Fleming, Managing Director, on 04/27/2026. The filing includes Exhibits 24 (Power of Attorney) and 99 (Item 7 information).

What voting and dispositive powers does BlackRock report for these shares?

BlackRock reports 386,698 shares as sole power to vote and 394,174 shares as sole power to dispose or direct disposition of the shares, per the filing's Item 4 breakdown.

Does this Schedule 13G/A trigger further reporting requirements?

The filing itself does not trigger additional action; however, if BlackRock's beneficial ownership rises above 5% or its intentions change, different reporting forms or amendments would be required under SEC rules.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Bankwell Financial Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

06654A103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 06654A103

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 386,698.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 394,174.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

394,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bankwell Financial Group, Inc.
(b)	Address of issuer's principal executive offices: 258 Elm Street NEW CANAAN CT 06840
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 06654A103
Item 4.	Ownership
(a)	Amount beneficially owned: 394174
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 386698
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 394174
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Bankwell Financial Group, Inc.. No one person's interest in the common stock of Bankwell Financial Group, Inc. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/27/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7