Bankwell (BWFG) 10% Owner Lawrence Seidman Buys Shares

What Happened

• Lawrence B. Seidman, a 10% owner of Bankwell Financial Group (BWFG), made a series of open-market purchases on September 8, 2026. He acquired a total of 5,266 shares in seven trades at prices from $66.92 to $67.11, paying approximately $352,507 in aggregate (average price ≈ $66.95 per share). Each trade was reported as a purchase (transaction code P).

Key Details

• Transaction date: 2026-09-08; filing date: 2026-09-09 (Form 4) — appears timely.
• Trades (shares @ price): 266 @ $67.11; 1,956 @ $66.92; 510 @ $66.95; 432 @ $66.95; 1,304 @ $66.92; 515 @ $66.94; 283 @ $66.98.
• Total purchased: 5,266 shares for ~$352,507 (avg ≈ $66.95).
• Shares owned after transaction: not specified in the provided disclosure.
• Footnotes on existing holdings: several restricted stock grants disclosed:
  • F1: 1,455 RSUs (granted 2/9/2026) vesting 485 each on 2/7/2027, 2/7/2028, 2/7/2029.
  • F2: 1,800 RSUs (granted 2/7/2025), 600 vested (as of filing); remaining vest 2027–2028.
  • F3: 1,600 RSUs (granted 12/29/2023), 1,066 vested as of filing; remaining vesting through 2/7/2027.
  • F4: 1,600 RSUs (granted 12/30/2022) vesting over four years; 1,200 vested as of filing.

Context

• These were open-market purchases (not option exercises or gifts), which are commonly viewed as an insider buying stock rather than selling. For retail investors, purchases can be considered an informational signal but do not prove future performance.
• Seidman is reported as a 10% owner (significant shareholder), which is different from insider executive trading; large holders may buy for portfolio reasons as well as confidence in the company.