Lawrence B. Seidman - Jun 22, 2023 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Director
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Lawrence B. Seidman
Stock symbol
BWFG
Transactions as of
Jun 22, 2023
Transactions value $
$4,984
Form type
4
Date filed
6/26/2023, 02:23 PM
Previous filing
Jun 2, 2023
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $4.98K +203 +4.38% $24.55 4.84K Jun 22, 2023 Direct F1, F2
holding BWFG Common Stock 1.6K Jun 22, 2023 Direct F3
holding BWFG Common Stock 1.2K Jun 22, 2023 Direct F4
holding BWFG Common Stock 1K Jun 22, 2023 Direct F5
holding BWFG Common Stock 3.42K Jun 22, 2023 Direct
holding BWFG Common Stock 174K Jun 22, 2023 By Seidman and Associates, L.L.C.
holding BWFG Common Stock 126K Jun 22, 2023 By Seidman Investment Partnership, L.P.
holding BWFG Common Stock 135K Jun 22, 2023 By Seidman Investment Partnership II, L.P.
holding BWFG Common Stock 30.8K Jun 22, 2023 By Seidman Investment Partnership III, L.P.
holding BWFG Common Stock 102K Jun 22, 2023 By LSBK06-08, L.L.C.
holding BWFG Common Stock 124K Jun 22, 2023 By Broad Park Investors, L.L.C.
holding BWFG Common Stock 19K Jun 22, 2023 By Chewy Gooey Cookies, L.P.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Range of reported price is $24.39 to $24.64. Reporting person agrees to provide individual transaction information to SEC upon request.
F2 Shares owned as a result of purchases made under a Director's Share Purchase Plan.
F3 1,600 shares of restricted stock granted on December 31, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4 1,600 shares of restricted stock granted on December 31, 2021, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 400 shares have vested.
F5 2,000 shares of restricted stock granted on December 8, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the transaction date, 1,000 shares have vested.