SEIDMAN LAWRENCE B 4

4 · Bankwell Financial Group, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

Bankwell (BWFG) Director Lawrence B. Seidman Buys Shares

What Happened

Lawrence B. Seidman, a director of Bankwell Financial Group, purchased a total of 10,000 shares in multiple open-market transactions on March 13, 2026 (transaction code P). The purchases ranged from $46.95 to $46.99 per share, totaling approximately $469,601. This is an outright purchase (a buy transaction), which some investors view as a modestly bullish insider action.

Key Details

Transaction date: March 13, 2026 (reported on Form 4 filed March 16, 2026) — filing appears timely (filed within the standard SEC window).
Trades: six open-market purchases: 4,085 @ $46.95; 1,259 @ $46.96; 754 @ $46.98; 2,460 @ $46.96; 911 @ $46.97; 531 @ $46.99.
Total: 10,000 shares purchased for ~$469,601 (prices $46.95–$46.99).
Shares owned after transaction: not specified in the information provided in your summary.
Footnotes (restricted stock grants and vesting):
- F1: 1,455 RSUs granted 2/9/2026 (vesting 485 each on 2/7/2027, 2/7/2028, 2/7/2029).
- F2: 1,800 RSUs granted 2/7/2025 (600 vested 2/7/2026; remaining vest annually).
- F3: 1,600 RSUs granted 12/29/2023 (1,066 vested as of filing; remaining vest later).
- F4: 1,600 RSUs granted 12/30/2022 (1,200 vested as of filing; remaining vest annually).
No 10b5‑1 plan, option exercises, gifts, or tax‑withholding notes were indicated in the provided details.

Context

These were straight purchases (no options exercise or immediate sale), which typically signal the insider added to their position rather than monetizing holdings. The filing shows multiple small buys executed the same day at nearly identical prices. As always, purchases by directors are factual data points—useful to monitor but not definitive proof of future performance.

Form 4

Period: 2026-03-13

Director

Transactions

Purchase
Common Stock
2026-03-13$46.95/sh+4,085$191,791→ 216,904 total(indirect: By Seidman and Associates, L.L.C.)
Purchase
Common Stock
2026-03-13$46.96/sh+1,259$59,123→ 140,303 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-13$46.98/sh+754$35,423→ 176,421 total(indirect: By Partnership)
Purchase
Common Stock
2026-03-13$46.96/sh+2,460$115,522→ 127,685 total(indirect: By LSBK06-08, L.L.C.)
Purchase
Common Stock
2026-03-13$46.97/sh+911$42,790→ 134,733 total(indirect: By Broad Park Investors, L.L.C.)
Purchase
Common Stock
2026-03-13$46.99/sh+531$24,952→ 24,417 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|2026-03-16

1 file