Company: BWFG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001505732-25-000079
Chunk: 15

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 15
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 all directors, director nominee, and executive officers as a group.

We have determined beneficial ownership in accordance with the rules of the SEC. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the tables below have sole voting and investment power with respect to all shares of common stock that they beneficially own, subject to applicable community property laws. Unless otherwise noted, the address for each shareholder listed on the table below is: c/o Bankwell Financial Group, Inc., 258 Elm Street, New Canaan, Connecticut 06840.

The table below calculates the percentage of beneficial ownership of our common stock based on 7,888,942 shares of common stock outstanding as of March 27, 2025. In computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed outstanding shares of common stock subject to options or other convertible or exercisable securities held by that person that are currently exercisable or convertible or exercisable or convertible within sixty days of March 27, 2025. However, we did not deem these shares outstanding for the purpose of computing the percentage ownership of any other person. Beneficial ownership representing less than 1% is denoted with an asterisk (*).

Our directors, (each of whom is a director nominee) and executive officers be neficially own 1,536,929 shares of our common stock as of March 27, 2025.

| Name and Title                                                                      |     | Amount and Nature of Beneficial Ownership(1) |     | Percent of Class |
| 5% Shareholders:                                                                    |     |                                              |     |                  |
| Blackrock, Inc.(2)50 Hudson YardsNew York, NY 10001                                 |     |                                      429,327 |     | 5.44%            |
| Directors, Director Nominees and Named Executive Officers:                          |     |                                              |     |                  |
| Eric J. Dale                                                                        |     |                                       78,146 |     | *                |
| Darryl M. Demos                                                                     |     |                                       13,590 |     | *                |
| Blake S. Drexler(3)                                                                 |     |                                      257,971 |     | 3.27%            |
| Jeffrey R. Dunne                                                                    |     |                                       10,077 |     | *                |
| Anahaita N. Kotval