4Filed Aug 10, 8:00 PM ET
OCEANFIRST (OCFC) Director John R. Buran Sells 113,463 Shares
$OCFC · OCEANFIRST FINANCIAL CORPResearch Summary
AI-generated summary of this SEC filing
OCEANFIRST (OCFC) Director John R. Buran Sells 113,463 Shares
What Happened
- John R. Buran, a director of OCEANFIRST FINANCIAL CORP (OCFC), sold 113,463 shares in an open-market transaction on August 7, 2026.
- The shares were sold at $19.40 each for total proceeds of $2,201,591. This is a sale (liquidation), often a routine or personal-liquidity action rather than a clear bullish signal.
Key Details
- Transaction date and price: 2026-08-07 — 113,463 shares sold at $19.40 per share.
- Total value: $2,201,591.
- Shares owned after transaction: not specified in the summary data of this filing.
- Footnotes:
- F1: The form also notes increases in beneficial ownership from exempt acquisitions under Rule 16b-3(c) (these are technical exemptions related to certain plan acquisitions).
- F2: The filing states the shares were sold to facilitate a rollover of assets from a 401(k) plan.
- Timeliness: Period of report 2026-08-07; filing date 2026-08-11 — the Form 4 was filed within the standard two-business-day window and is not marked late.
Context
- Director sales to cover personal needs (like 401(k) rollovers) are common and do not necessarily indicate a change in confidence in the company. Purchases are typically more informative about insider sentiment.
- No 10b5-1 trading plan, gift, or option exercise was reported in this transaction. The F1 note refers to technical, exempt acquisitions and does not by itself imply market intent.