Leitao Kevin D 4

4 · Bankwell Financial Group, Inc. · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Bankwell Financial (BWFG) Director Kevin Leitao Sells 200 Shares

What Happened

Director Kevin D. Leitao reported a sale of 200 shares of Bankwell Financial Group, Inc. (BWFG) on February 23, 2026. The shares were disposed at $46.39 per share for a total of $9,278. This was a sale (S) — a routine disposition rather than a purchase.

Key Details

Transaction date and price: February 23, 2026 — 200 shares sold at $46.39 each.
Total value: $9,278.
Transaction type: Reported as a sale (open market or private sale).
Shares owned after transaction: Not specified in the provided filing.
Footnotes of note:
- F1: 400 restricted shares granted Dec 18, 2024 — all 400 vested immediately on that date.
- F3: 1,800 restricted shares granted Feb 7, 2025 — 600 vested Feb 7, 2026 (and 600 more vest in each of the next two years); filing notes 600 shares have vested as of the filing date.
- F2: 1,455 restricted shares granted Feb 9, 2026 — vesting in three equal installments (485 shares each) on Feb 7 of 2027, 2028 and 2029.
No 10b5-1 plan, tax-withholding, or late-filing indication was provided in the summarized data.

Context

The sale is small in dollar terms (~$9.3k) and may reflect routine liquidity needs or use of vested shares; the filing does not state the specific source of the sold shares. Restricted stock grants and recent vesting are disclosed in the footnotes, which can explain available shares for sale but do not indicate the director’s motive.

Form 4

Period: 2026-02-23

Director

Transactions

Holdings

Footnotes (3)

[F1]400 shares of restricted stock granted on December 18, 2024, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 400 vested immediately on December 18, 2024.
[F2]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.
[F3]1,800 shares of restricted stock granted on February 7, 2025, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 600 vested 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.

Signature

/s/ Angelo G. Fusaro, Attorney-in-Fact for Kevin D. Leitao|2026-02-23

1 file