BlackRock, Inc. filed an amended beneficial ownership statement with the SEC on October 27, 2026, disclosing a 4.8% stake in Bankwell Financial Group, Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: BlackRock, Inc. reported beneficially owning 383,453 shares of Bankwell Financial Group common stock (CUSIP 06654A103).
  • Percent of class: The 383,453 shares represent 4.8% of the outstanding common shares of Bankwell Financial Group, Inc.
  • Sole voting power: BlackRock reported sole power to vote or direct the vote of 372,003 shares, with 0 shares subject to shared voting power.
  • Sole dispositive power: BlackRock reported sole power to dispose of or direct the disposition of 383,453 shares, with 0 shares subject to shared dispositive power.
  • Event date: The date of the event requiring this filing was September 30, 2026, per the cover page of the statement.
  • Filing context: No single person among those with the right to receive dividends or sale proceeds holds more than 5% of Bankwell Financial Group's total outstanding common shares, according to the filing.

BlackRock's Amended Ownership Position in Bankwell Financial Group

BlackRock, Inc., a Delaware-incorporated holding company headquartered at 50 Hudson Yards, New York, NY 10001, filed Amendment No. 1 to its beneficial ownership statement covering shares of Bankwell Financial Group, Inc., a community banking organization whose principal executive offices are located at 258 Elm Street, New Canaan, CT 06840. The filing was signed by Spencer Fleming, Managing Director of BlackRock, Inc., and dated October 27, 2026. The statement was filed under Rule 13d-1(b).

According to the filing, the ownership figures reflect securities beneficially owned, or deemed to be beneficially owned, by certain business units of BlackRock, Inc. and its subsidiaries and affiliates, collectively referred to as the "Reporting Business Units," consistent with SEC Release No. 34-39538 dated January 12, 1998. The filing states that it "does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release." The identity and classification of the relevant subsidiary through which the position was acquired is described in Exhibit 99 attached to the statement.

BlackRock certified in the filing that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing also confirms that no single person among those with the right to receive dividends from, or the proceeds from the sale of, Bankwell Financial Group common stock holds an interest exceeding 5% of the total outstanding common shares. The reporting person is classified as type "HC" (holding company) on the cover page of the statement.

What Was Disclosed

BlackRock, Inc. disclosed amended beneficial ownership of 383,453 shares, equal to 4.8% of Bankwell Financial Group, Inc. common stock, as of September 30, 2026, with sole voting power over 372,003 shares and sole dispositive power over all 383,453 shares.