SEIDMAN LAWRENCE B 4

What Happened
Lawrence B. Seidman, a director of Bankwell Financial Group, bought 323 shares in an open-market purchase on June 5, 2026, at $53.70 per share for a total of $17,345. This was a straight purchase (transaction code P), i.e., an acquisition of shares rather than a sale or option exercise.

Key Details

• Transaction date and price: 2026-06-05 — 323 shares @ $53.70, total $17,345.
• Transaction type: Open-market purchase (code P).
• Shares owned after transaction: The Form 4 does not list a single "total beneficially owned" number. Disclosed vested restricted shares as of the filing total 2,866; adding this purchase yields at least 3,189 shares beneficially owned (to the extent restricted shares are vested).
• Footnotes / vesting summary:
  • F1: 1,455 shares granted 2/9/2026 (485 vest 2/7/2027, 485 vest 2/7/2028, 485 vest 2/7/2029) — none vested as of filing.
  • F2: 1,800 granted 2/7/2025 (600 vested 2/7/2026; 600 to vest 2/7/2027; 600 to vest 2/7/2028). As of filing, 600 vested.
  • F3: 1,600 granted 12/29/2023 (533 vested 2/7/2025; 533 vested 2/7/2026; 534 to vest 2/7/2027). As of filing, 1,066 vested.
  • F4: 1,600 granted 12/30/2022, vesting 25% annually beginning 1/2/2024; 1,200 vested as of filing.
• Filing timeliness: Transaction reported on a Form 4 filed 2026-06-09 for a 2026-06-05 trade; this meets the Form 4 two-business-day reporting requirement (timely).

Context
This filing reports a straight open-market buy (not an option exercise or gift). Many of the director’s holdings are restricted stock with scheduled vesting dates (see footnotes); only a portion of those grants were vested as of the filing. Purchases by insiders are often noted by investors as a positive signal, but they are one data point and do not guarantee future company performance.