Han Sam Sang Ki 4
4 · OCEANFIRST FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
OceanFirst Financial (OCFC) Director Han Sam Sang Ki Receives Award
What Happened Han Sam Sang Ki, a director of OceanFirst Financial Corp. (OCFC), was reported as acquiring 65,323 shares on June 1, 2026. The shares were received as consideration under OceanFirst’s merger with Flushing Financial Corporation (FFIC) — this was an acquisition/award via the merger, not an open-market purchase or sale. No per-share purchase price or total dollar value is reported in the filing.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (appears timely; Form 4s are generally due within 2 business days).
- Transaction type: A — Award/Acquisition via merger consideration (not a market buy/sale).
- Shares acquired: 65,323 OceanFirst common shares; price reported as N/A in the filing.
- Shares owned after transaction: Not specified in the information provided in this summary.
- Notable footnotes:
- F1: These shares were issued pursuant to the Merger Agreement (Dec 29, 2025); each FFIC share was converted into 0.85 OceanFirst shares (cash paid for fractional shares).
- F2: Reflects OceanFirst securities acquired under the Merger Agreement and related agreements.
- F3: Of the total, 4,080 are restricted stock units (RSUs) that cliff-vest on Jan 30, 2027.
Context This filing reflects merger consideration — FFIC stockholders (including insiders) received OceanFirst shares per the agreed exchange ratio (0.85 OceanFirst shares per FFIC share). Such award-type acquisitions arising from corporate transactions are procedural outcomes of the deal terms and do not, by themselves, indicate an insider’s open-market trading sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-06-01+65,323→ 65,323 total
Footnotes (3)
- [F1]Represents shares of Issuer Common Stock received pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst Financial Corp. (the "Issuer"), Flushing Financial Corporation ("FFIC"), and Apollo Merger Sub Corp. ("Merger Sub"). At the effective time of the merger (the "Effective Time"), each share of FFIC common stock outstanding immediately prior to the Effective Time was converted into the right to receive 0.85 shares of Issuer Common Stock (the "Exchange Ratio") with cash paid in lieu of any fractional shares, in accordance with the Merger Agreement.
- [F2]Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.
- [F3]Includes 4,080 restricted stock units acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby, which cliff vest on January 30, 2027.