Burrowes Astrid 4

What Happened

• Astrid Burrowes, Executive Vice President of Flushing Financial Corp. (FFIC), disposed of a total of 88,090 shares of FFIC common stock on June 1, 2026. The dispositions (37,425; 10,856; 5,600; 34,209 shares) occurred pursuant to the Agreement and Plan of Merger among FFIC, OceanFirst Financial Corporation (OCFC), and Apollo Merger Sub Corp. The merger closed on June 1, 2026.
• Under the Merger Agreement, each FFIC share was converted into the right to receive 0.85 shares of OCFC common stock (all fractional OCFC shares were paid in cash). The Form 4 reports no per-share price (N/A) and does not state a dollar value for the dispositions. After the merger, the reporting person no longer beneficially owns any FFIC common stock.

Key Details

• Transaction date: June 1, 2026 (Form 4 filed June 3, 2026; Period of Report: 2026-06-01).
• Shares disposed: 37,425 + 10,856 + 5,600 + 34,209 = 88,090 FFIC shares. Price: N/A on Form 4; consideration was conversion to OCFC shares at 0.85 OCFC per FFIC share; fractional shares paid in cash.
• Shares owned after transaction: 0 FFIC shares (per footnote F3).
• Notable footnotes:
  • F2: Dispositions made pursuant to the Merger Agreement; Merger Consideration = 0.85 OCFC shares per FFIC share.
  • F4–F5: Previously unvested FFIC RSUs/PRSUs were accelerated or converted into OCFC shares/RSUs per the Merger Agreement (some vested at target; some converted to OCFC service-based RSUs).
  • F6: FFIC 401(k) plan shares were also converted to the Merger Consideration with cash for fractions.
  • F1: Counts exclude shares underlying previously unvested RSUs/PRSUs referenced in F4–F5.
• Filing timeliness: Form lists the transactions on June 1 and was filed June 3; the filing does not indicate a late filing code.

Context

• This was not an open-market sale but a merger-related disposition/conversion: FFIC shares were exchanged for OCFC consideration under the merger terms. Such merger conversions are routine corporate transactions and do not necessarily indicate the insider’s view on the combined company.
• If you want to know the monetary value received, check OCFC’s stock price around the merger effective time to estimate the cash/stock value (88,090 × 0.85 = 74,876.5 OCFC shares before cashing out fractional share).