SEIDMAN LAWRENCE B - 14 Sep 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Courtney E. Sacchetti, Attorney-in-Fact for Lawrence B. Seidman
Issuer symbol: BWFG
Transactions as of: 14 Sep 2023
Net transactions value: +$4,982
Form type: 4
Filing time: 18 Sep 2023, 10:44:29 UTC
Previous filing: 31 Aug 2023
Next filing: 15 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Purchase	$4,982	+192	+3.7%	$25.95	5,398	14 Sep 2023	Direct	F1, F2
holding	BWFG	Common Stock						1,600	14 Sep 2023	Direct	F3
holding	BWFG	Common Stock						1,200	14 Sep 2023	Direct	F4
holding	BWFG	Common Stock						1,000	14 Sep 2023	Direct	F5
holding	BWFG	Common Stock						3,415	14 Sep 2023	Direct
holding	BWFG	Common Stock						173,910	14 Sep 2023	By Seidman and Associates, L.L.C.
holding	BWFG	Common Stock						125,516	14 Sep 2023	By Seidman Investment Partnership, L.P.
holding	BWFG	Common Stock						135,206	14 Sep 2023	By Seidman Investment Partnership II, L.P.
holding	BWFG	Common Stock						30,761	14 Sep 2023	By Seidman Investment Partnership III, L.P.
holding	BWFG	Common Stock						102,111	14 Sep 2023	By LSBK06-08, L.L.C.
holding	BWFG	Common Stock						124,141	14 Sep 2023	By Broad Park Investors, L.L.C.
holding	BWFG	Common Stock						19,023	14 Sep 2023	By Chewy Gooey Cookies, L.P.

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Range of reported price is $25.74 to $26.07. Reporting person agrees to provide individual transaction information to SEC upon request.
F2	Shares owned as a result of purchases made under a Director's Share Purchase Plan.
F3	1,600 shares of restricted stock granted on December 31, 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 to vest on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4	1,600 shares of restricted stock granted on December 31, 2021, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 400 shares have vested.
F5	2,000 shares of restricted stock granted on December 8, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 1,000 shares have vested.