Leitao Kevin D 4

What Happened

• Director Kevin D. Leitao reported a sale of 200 shares of Bankwell Financial Group, Inc. (BWFG) on February 23, 2026. The shares were disposed at $46.39 per share for a total of $9,278. This was a sale (S) — a routine disposition rather than a purchase.

Key Details

• Transaction date and price: February 23, 2026 — 200 shares sold at $46.39 each.
• Total value: $9,278.
• Transaction type: Reported as a sale (open market or private sale).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: 400 restricted shares granted Dec 18, 2024 — all 400 vested immediately on that date.
  • F3: 1,800 restricted shares granted Feb 7, 2025 — 600 vested Feb 7, 2026 (and 600 more vest in each of the next two years); filing notes 600 shares have vested as of the filing date.
  • F2: 1,455 restricted shares granted Feb 9, 2026 — vesting in three equal installments (485 shares each) on Feb 7 of 2027, 2028 and 2029.
• No 10b5-1 plan, tax-withholding, or late-filing indication was provided in the summarized data.

Context

• The sale is small in dollar terms (~$9.3k) and may reflect routine liquidity needs or use of vested shares; the filing does not state the specific source of the sold shares. Restricted stock grants and recent vesting are disclosed in the footnotes, which can explain available shares for sale but do not indicate the director’s motive.