SEIDMAN LAWRENCE B 4

What Happened

• Lawrence B. Seidman, a director of Bankwell Financial Group, made six open-market purchases on March 12, 2026, acquiring a total of 10,000 shares. Purchases ranged from $46.87 to $46.90 per share, for an aggregate cost of approximately $468,753. These were purchases (code P), i.e., direct acquisitions of common stock.

Key Details

• Transaction date: March 12, 2026 (filed on March 13, 2026).
• Individual buys:
  • 4,085 shares @ $46.87 = $191,464
  • 1,259 shares @ $46.88 = $59,022
  • 754 shares @ $46.89 = $35,355
  • 2,460 shares @ $46.87 = $115,300
  • 911 shares @ $46.88 = $42,708
  • 531 shares @ $46.90 = $24,904
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes (restricted stock grants and vesting):
  • F1: 1,455 shares granted 2/9/2026 (vesting in three annual tranches of 485 shares starting 2/7/2027).
  • F2: 1,800 shares granted 2/7/2025 (600 vested as of filing; remaining 600 vest 2/7/2027 and 2/7/2028).
  • F3: 1,600 shares granted 12/29/2023 (1,066 vested as of filing; remaining vest through 2/7/2027).
  • F4: 1,600 shares granted 12/30/2022 (vests in four equal annual installments; 1,200 vested as of filing).
• Filing timeliness: Report filed 1 day after the trades (March 13 filing for March 12 trades), consistent with Form 4 timing requirements (not flagged as late).

Context

• These were open-market purchases (not awards or option exercises), meaning the director acquired shares outright. Purchases by insiders are often watched by investors as a direct purchase signal, but the filing itself does not state motivation. The restricted stock footnotes describe separate compensation awards subject to vesting and are not part of these open-market buys.