SEIDMAN LAWRENCE B - 12 Mar 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Director
Signature: /s/ Angelo G. Fusaro, Attorney-in-Fact for Lawrence B. Seidman
Issuer symbol: BWFG
Transactions as of: 12 Mar 2025
Net transactions value: +$2,759
Form type: 4
Filing time: 13 Mar 2025, 13:30:33 UTC
Previous filing: 07 Mar 2025
Next filing: 09 Jun 2025
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	$2,759	+95	+3.5%	$29.04	2,777	12 Mar 2025	Deferred Compensation Plan
holding	BWFG	Common Stock						1,800	12 Mar 2025	Direct	F1
holding	BWFG	Common Stock						1,067	12 Mar 2025	Direct	F2
holding	BWFG	Common Stock						800	12 Mar 2025	Direct	F3
holding	BWFG	Common Stock						400	12 Mar 2025	Direct	F4
holding	BWFG	Common Stock						178,193	12 Mar 2025	By Seidman and Associates, L.L.C.
holding	BWFG	Common Stock						128,045	12 Mar 2025	By Seidman Investment Partnership, L.P.
holding	BWFG	Common Stock						168,997	12 Mar 2025	By Seidman Investment Partnership II, L.P.
holding	BWFG	Common Stock						104,626	12 Mar 2025	By LSBK06-08, L.L.C.
holding	BWFG	Common Stock						127,042	12 Mar 2025	By Broad Park Investors, L.L.C.
holding	BWFG	Common Stock						19,539	12 Mar 2025	By Chewy Gooey Cookies, L.P.
holding	BWFG	Common Stock						15,158	12 Mar 2025	Direct

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	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.
F2	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, 533 shares have vested.
F3	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 vested on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 800 shares have vested.
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 vested on January 2, 2023 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.