X0306 4 2017-01-10 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001621416 Palumbo Raymond W C/O BANKWELL FINANCIAL GROUP, INC. 220 ELM STREET NEW CANAAN CT 06840 1 0 0 0 Common Stock 5709 D Common Stock 1440 I Deferred Compensation Plan Common Stock 2275 I 1/4 Owner - Four Brothers Realty LLC Common Stock 2017-01-10 4 A 0 1000 0 A 1000 D Stock Options 17.86 2014-10-01 2023-01-18 Common Stock 5040 5040 D Warrants 17.86 2014-10-01 2018-03-05 Common Stock 2800 2800 D 300 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares vest in three substantially equal installments - the first immediately on December 15, 2014 and then on each of December 3, 2015 and December 3, 2016. As of the Transaction Date, all Shares have vested. 1,000 shares of restricted stock granted on January 10, 2017, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in two equal annual installments of 500 shares, with the first installment to vest on December 29, 2017 and the remaining 500 shares to vest on December 31, 2018. Fully vested. /s/ Raymond W. Palumbo by POA 2017-01-12