Ryan J. Hildebrand - Aug 4, 2025 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role: Chief Innovation Officer
Signature: /s/ Angelo G. Fusaro, Attorney-in-Fact for Ryan J. Hildebrand
Stock symbol: BWFG
Transactions as of: Aug 4, 2025
Transactions value $: -$81,404
Form type: 4
Date filed: 8/5/2025, 01:16 PM
Previous filing: Jul 2, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hildebrand Ryan Jason	Chief Innovation Officer	C/O BANKWELL FINANCIAL GROUP, INC., 258 ELM STREET, NEW CANAAN	/s/ Angelo G. Fusaro, Attorney-in-Fact for Ryan J. Hildebrand	2025-08-05	0001982685

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWFG	Common Stock	Sale	-$81.4K	-2.05K	-100%	$39.69	0	Aug 4, 2025	Direct
holding	BWFG	Common Stock						15K	Aug 4, 2025	Direct	F1
holding	BWFG	Common Stock						3.33K	Aug 4, 2025	Direct	F2

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

Explanation of Responses:

Id	Content
F1	15,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved.
F2	10,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on July 1, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 6,666 shares have vested.

Content

15,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. These shares are performance restricted stock with a three year cliff vesting on February 7, 2028 if the performance goals are achieved.

10,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan. The shares are restricted stock that will vest in three substantially equal annual installments, with the first installment vested on July 1, 2024 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 6,666 shares have vested.