SEIDMAN LAWRENCE B 4

What Happened Lawrence B. Seidman, a director of Bankwell Financial Group, Inc. (BWFG), sold a total of 10,000 shares in multiple open-market transactions on February 23, 2026. The sales occurred at prices between $47.39 and $47.42 per share, generating aggregate proceeds of approximately $473,963. These were outright sales (transaction code S), not option exercises or awards.

Key Details

• Transaction date: February 23, 2026 (filed on February 24, 2026 — filed next day, within typical Form 4 timing requirements).
• Trades (all open-market sales):
  • 4,068 shares @ $47.39 = $192,783
  • 1,261 shares @ $47.40 = $59,771
  • 760 shares @ $47.41 = $36,032
  • 2,456 shares @ $47.39 = $116,390
  • 917 shares @ $47.41 = $43,475
  • 538 shares @ $47.42 = $25,512
• Total shares sold: 10,000; total proceeds: ~$473,963.
• Post-transaction beneficial ownership: not provided in the data you supplied (see the full Form 4 for holdings after these dispositions).
• Footnotes on existing awards:
  • F1: 1,455 restricted shares granted 2/9/2026 (vesting 485 each on 2/7/2027–2029).
  • F2: 1,800 restricted shares granted 2/7/2025 (600 vested; remaining vest 600 on 2/7/2027 and 600 on 2/7/2028).
  • F3: 1,600 restricted shares granted 12/30/2022 (1,200 vested as of filing; vesting schedule in annual 25% installments).

Context

• These were open-market sales (S = sale) rather than purchases or option exercises. Sales by insiders can be routine (portfolio rebalancing, tax needs, etc.) and do not by themselves indicate company-specific problems or confidence levels.
• No indication in the provided summary of a 10b5-1 plan, tax-withholding share-forfeiture, or gift; the filing appears to report standard open-market dispositions.
• For complete context (current ownership, any 10b5-1 plan or other notes), check the full Form 4 filing (Accession: 0001026081-26-000006).