Drexler Blake S 4

What Happened Blake S. Drexler, a director of Bankwell Financial Group, bought 79 shares of BWFG on June 5, 2026 in an open-market/private purchase (code P) at $53.70 per share for a total of $4,242. This was a straight purchase (a bullish signal in that it is an insider buy), though the size is small relative to typical insider trades.

Key Details

• Transaction date and price: 2026-06-05 — 79 shares at $53.70 each (total $4,242).
• Transaction type: Purchase (Form 4 code P).
• Owned after transaction: The filing does not list a single "owned after" total. Footnotes indicate he exercises control over 58,224 shares held by family members; additionally, 2,866 restricted shares have vested as of the filing date, and he added 79 shares in this purchase.
• Vesting/award notes (from footnotes):
  • F1: 1,600 RSUs granted 12/30/2022; 1,200 vested as of filing.
  • F2: 1,600 RSUs granted 12/29/2023; 1,066 vested as of filing.
  • F3: 1,800 RSUs granted 2/7/2025; 600 vested as of filing.
  • F4: 1,455 RSUs granted 2/9/2026; none vested as of filing (vesting begins 2/7/2027).
  • F5: Includes 58,224 shares held by family members over which he exercises effective control.
• Timeliness: Transaction date 6/5/2026; Form filed 6/9/2026. This appears later than the standard 2-business-day Form 4 reporting window, so the filing may be late.

Context

• This was a modest open-market purchase (about $4.2k)—insider buys can be more informative than sells, but small purchases may be routine or for personal allocation and don’t necessarily indicate a material change in company outlook.
• No option exercises, sales, gifts, or 10b5-1 plan references were reported for this transaction.