---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-24-000267"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:35:25.563441+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bankwell raises ownership limit for shareholder Seidman to 14.99% from 9.9%

## Summary
- Amendment dated Dec 19, 2024 between Bankwell and Lawrence B. Seidman.
- Seidman and affiliates may now purchase up to 14.99% of fully diluted common stock.
- Previous 9.9% cap and tangible book value/stock price condition removed.
- No other terms of the 2020 agreement were modified.

## SEC filing metadata
- accession: 0001505732-24-000267
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000267/0001505732-24-000267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000267/bwfg-20241223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-24-000267
- JSON: https://secwatch.observer/filing/0001505732-24-000267.json
- Plain text: https://secwatch.observer/filing/0001505732-24-000267.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.