Kelly Theresa 4

What Happened
Theresa Kelly, Executive Vice President of Flushing Financial Corp (FFIC), reported dispositions of 39,011, 15,956, 5,100 and 22 FFIC shares (total 60,089 shares) on June 1, 2026. These were dispositions to the issuer in connection with FFIC’s merger with OceanFirst Financial Corporation (OCFC). Under the merger terms each FFIC share converted into the right to receive 0.85 OCFC shares (fractional shares paid in cash); the merger closed June 1, 2026. No per-share price or cash value for the converted FFIC shares is provided on the Form 4 (listed as N/A). The filing states Ms. Kelly no longer beneficially owns any FFIC common stock after the merger.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-02). Filing appears timely.
• Dispositions: 39,011; 15,956; 5,100; 22 — total 60,089 FFIC shares (transaction code D: disposition to issuer). Prices listed as N/A.
• Conversion: Merger consideration was 0.85 OCFC shares per FFIC share; 60,089 × 0.85 ≈ 51,075.65 — approximately 51,075 OCFC shares after rounding down, with fractional shares paid in cash.
• Shares owned after transaction: 0 (reporting person “no longer beneficially owns, directly or indirectly, any shares of Issuer common stock”).
• Notable footnotes: (F2) dispositions were pursuant to the merger agreement; (F4–F5) previously unvested RSUs/PRSUs were accelerated or converted to OCFC shares/RSUs per merger terms; (F6) 401(k) plan shares were converted too.

Context
These disposals are corporate-merger conversions (not open-market sales) — FFIC shares were converted into OCFC consideration per the merger agreement. For retail investors, this is a transaction driven by corporate deal mechanics rather than an insider selling into the market; no cash sale prices on the Form 4 are reported.