SEIDMAN LAWRENCE B 4

4 · Bankwell Financial Group, Inc. · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

Bankwell (BWFG) Director Lawrence Seidman Buys 10,000 Shares

What Happened

Lawrence B. Seidman, a director of Bankwell Financial Group, made six open-market purchases on March 12, 2026, acquiring a total of 10,000 shares. Purchases ranged from $46.87 to $46.90 per share, for an aggregate cost of approximately $468,753. These were purchases (code P), i.e., direct acquisitions of common stock.

Key Details

Transaction date: March 12, 2026 (filed on March 13, 2026).
Individual buys:
- 4,085 shares @ $46.87 = $191,464
- 1,259 shares @ $46.88 = $59,022
- 754 shares @ $46.89 = $35,355
- 2,460 shares @ $46.87 = $115,300
- 911 shares @ $46.88 = $42,708
- 531 shares @ $46.90 = $24,904
Shares owned after the transaction: not specified in the provided filing excerpt.
Footnotes (restricted stock grants and vesting):
- F1: 1,455 shares granted 2/9/2026 (vesting in three annual tranches of 485 shares starting 2/7/2027).
- F2: 1,800 shares granted 2/7/2025 (600 vested as of filing; remaining 600 vest 2/7/2027 and 2/7/2028).
- F3: 1,600 shares granted 12/29/2023 (1,066 vested as of filing; remaining vest through 2/7/2027).
- F4: 1,600 shares granted 12/30/2022 (vests in four equal annual installments; 1,200 vested as of filing).
Filing timeliness: Report filed 1 day after the trades (March 13 filing for March 12 trades), consistent with Form 4 timing requirements (not flagged as late).

Context

These were open-market purchases (not awards or option exercises), meaning the director acquired shares outright. Purchases by insiders are often watched by investors as a direct purchase signal, but the filing itself does not state motivation. The restricted stock footnotes describe separate compensation awards subject to vesting and are not part of these open-market buys.

Form 4

Period: 2026-03-12

Director

Transactions

Purchase
Common Stock
2026-03-12$46.87/sh+4,085$191,464→ 212,819 total(indirect: By Seidman and Associates, L.L.C.)
Purchase
Common Stock
2026-03-12$46.88/sh+1,259$59,022→ 139,044 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-12$46.89/sh+754$35,355→ 175,667 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-12$46.87/sh+2,460$115,300→ 125,225 total(indirect: By LSBK06-08, L.L.C.)
Purchase
Common Stock
2026-03-12$46.88/sh+911$42,708→ 133,822 total(indirect: By Broad Park Investors, L.L.C.)
Purchase
Common Stock
2026-03-12$46.90/sh+531$24,904→ 23,886 total(indirect: By Chewy Gooey Cookies, L.P.)

Holdings

Footnotes (4)

[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.
[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.
[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.
[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.

Signature

/s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman|2026-03-13

1 file