Kotval Anahaita N. 4

What Happened

• Kotval Anahaita N., a director of Bankwell Financial Group, was granted 1,455 shares of restricted stock on February 9, 2026. The grant is reported at $0.00 per share (total reported value $0) and is an award/acquisition (transaction code A). The award vests in three equal tranches of 485 shares on Feb 7 of 2027, 2028 and 2029.

Key Details

• Transaction date: 2026-02-09; Report filed: 2026-02-10 (timely).
• Shares granted: 1,455 restricted shares @ $0.00 (reported acquisition value $0).
• Vesting: 485 shares vest on each of Feb 7, 2027; Feb 7, 2028; Feb 7, 2029 (per footnote F1).
• Prior grants noted in the filing:
  • F2: 1,600 shares granted 12/29/2023 (1,066 vested as of filing; remaining vesting through 2026–2027).
  • F3: 1,800 shares granted 02/07/2025 (600 vested as of filing; remaining vesting through 2026–2028).
• Ownership note (F4): filing states it “includes 2,500 shares held jointly with spouse.” The Form 4 does not state a single consolidated post-transaction total beneficial ownership figure.
• Transaction type: Award of restricted stock (time-based vesting), not a purchase or sale.

Context

• Restricted stock awards to directors are commonly used as compensation and typically vest over time; they are not immediate sales or purchases and don’t by themselves indicate buying/selling sentiment. Vested shares from prior grants (1,666 shares noted as vested across earlier grants) may be eligible for sale, while the newly granted 1,455 shares remain subject to future vesting dates.