BlackRock, Inc. Reduces Stake in Bankwell Financial Group, Inc. to 4.9%

On April 27, 2026, BlackRock, Inc. filed an amended Schedule 13G (Amendment No. 1) regarding its holdings in Bankwell Financial Group, Inc. (BWFG). The filing indicates that as of March 31, 2026, BlackRock beneficially owns 394,174 shares of common stock, representing a 4.9% ownership stake in the company. This marks a decrease in ownership to below the 5% threshold, as the filer checked the box in Item 5 indicating they have ceased to be the beneficial owner of more than 5 percent of the class of securities. Of the total shares held, BlackRock reports sole voting power over 386,698 shares and sole dispositive power over all 394,174 shares. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Various subsidiaries of BlackRock are identified as having acquired the shares, but no single person's interest exceeds 5% of the total outstanding common shares.