# EDGAR Filing Document

**Accession Number:** 0001607543
**File Stem:** 0001213900-25-123372
**Filing Date:** 2025-12
**Character Count:** 8351
**Document Hash:** eba063efe40d735eeab1f83bc8a822bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-123372.hdr.sgml**: 20251218

**ACCESSION NUMBER**: 0001213900-25-123372

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251218

**DATE AS OF CHANGE**: 20251218

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bankwell Financial Group, Inc.
- **CENTRAL INDEX KEY:** 0001505732
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 208251355
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88145
- **FILM NUMBER:** 251584090

**BUSINESS ADDRESS:**
- **STREET 1:** 208 ELM STREET
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840
- **BUSINESS PHONE:** (203) 972-3838

**MAIL ADDRESS:**
- **STREET 1:** 208 ELM STREET
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BNC Financial Group, Inc.
- **DATE OF NAME CHANGE:** 20101115
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bauer George P
- **CENTRAL INDEX KEY:** 0001607543

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** C/O BANKWELL FINANCIAL GROUP, INC.
- **STREET 2:** 220 ELM STREET
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840

## Exhibit 99.1

**<u>SCHEDULE A</u>**

**<u>Transactions in the shares of Common Stock</u>**

---

| | | |
|:---|:---|:---|
| **Shares of Common Stock Sold** | **Price <br> Per Share<br> ($)<sup>(1)</sup>** | **Date of Sale** |
| 6226 | $47.78<sup>(2)</sup> | 12/08/2025 |
| 8000 | $48.10<sup>(3)</sup> | 12/09/2025 |
| 8000 | $48.00<sup>(4)</sup> | 12/10/2025 |

---

<sup>1</sup> The prices reported in this column are weighted average prices.

<sup>2</sup> The shares were sold in multiple transactions at prices ranging from $47.73 to $47.87, inclusive.

<sup>3</sup> The shares were sold in multiple transactions at prices ranging from $48.00 to $48.25, inclusive.

<sup>4</sup> The shares were sold in multiple transactions at prices ranging from $47.99 to $48.10, inclusive.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Bankwell Financial Group, Inc.**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**06654A103**

*(CUSIP Number)*

**Mitchell Lampert, Esq.**<br>Robinson & Cole, LLP<br>1055 Washington Blvd.<br>Stamford CT 06901<br>(203) 462-7559

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/10/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **06654A103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**George P. Bauer** | Name of reporting person<br>**George P. Bauer** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**392180.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**392180.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**392180.00** | Aggregate amount beneficially owned by each reporting person<br>**392180.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.98%** | Percent of class represented by amount in Row (11)<br>**4.98%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * The number of shares over which the Reporting Person has sole voting and dispositive power includes (i) 237,085 shares of Common Stock owned by the Reporting Person; (ii) 1,600 shares of Common Stock granted to the Reporting Person on December 30, 2022, of which 800 shares have vested as of December 12, 2025 and 800 shares remain unvested, with 400 shares each to vest on January 2, 2026 and January 2, 2027, respectively; (iii) 1,600 shares of Common Stock granted to the Reporting Person on December 31, 2021, of which 1200 shares have vested as of December 12, 2025 and 400 shares remain unvested, with the 400 shares to vest on January 2, 2026; and (ii) 153,895 shares of Common Stock beneficially owned by The Bauer Foundation, of which the Reporting Person serves as president and holds investment and voting power with respect to such shares.

** Calculated based on 7,877,443 shares of the common stock, no par value, of Bankwell Financial Group, Inc. outstanding as of October 31, 2025, as reported in Bankwell Financial Group, Inc.'s Quarterly Report on Form 10-Q filed with the SEC on November 5, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock

**(b) Name of Issuer:**
Bankwell Financial Group, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
258 Elm Street, New Canaan, CT, 06840

**Item 4. Purpose of Transaction**

The Reporting Person acquired and currently holds the shares of the Company's Common Stock, as described herein, for investment purposes. The Reporting Person believed that the shares, when purchased, represented an attractive investment opportunity.

The Reporting Person is no longer a director of the Company. He does not have any plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 to Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The Reporting Person is currently the beneficial owner of 392,180 shares of Common Stock and the beneficial owner of 4.98% of the total issued and outstanding shares of Common Stock of the Company.1

1 This total includes: (i) 238,285 shares of Common Stock beneficially owned directly by the Reporting Person; and (ii) 153,895 shares of Common Stock beneficially owned by The Bauer Foundation, of which Mr. Bauer serves as president and holds investment and voting power with respect to such shares.

**(b)**
The Reporting Person has the sole power to vote or direct the vote, and to dispose or direct the disposition, of 392,180 shares of the Company's Common Stock.

**(c)**
Between December 8, 2025 and December 10, 2025, the Reporting Person sold 22,226 shares of the Company's common stock via open market sales (the "Open Market Sales"). The Open Market Sales are set forth in Schedule A and are incorporated by reference herein. There have been no other transactions in the shares of Common Stock effected by the Reporting Person during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The Reporting Person has no contracts, arrangements, understandings or relationships with any other person with respect to any securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** George P. Bauer

**Signature:** /s/ George P. Bauer

**Name/Title:** George P. Bauer

**Date:** 12/18/2025