Tsimbinos Steven James 4

What Happened

• Steven James Tsimbinos, Senior Executive Vice President & Corporate Secretary of OceanFirst Financial Corp (OCFC), exercised 15,000 stock options on Feb 17, 2026 at a strike price of $17.28 per share, resulting in an option exercise value of $259,200. The filing also shows 13,784 shares disposed/withheld to satisfy tax obligations at $19.71 per share ($271,683). The Form 4 records both the option exercise (code M) and the tax-withholding/settlement action (code F); a simultaneous derivative disposition of 15,000 shares is also reported (likely part of the exercise/settlement process).

Key Details

• Transaction date: 2026-02-17 (Form filed 2026-02-18)
• Option exercise: 15,000 shares exercised at $17.28 = $259,200 (code M)
• Tax withholding/disposition: 13,784 shares disposed at $19.71 = $271,683 (code F)
• Additional reported disposition: 15,000 shares (derivative) at $17.28 (code M) — included in filing as part of the exercise/settlement
• Shares owned after transaction: not specified in the provided extract of the filing
• Footnotes: F1 notes totals include restricted common stock that has not yet vested; F2 notes exempt acquisitions under Rule 16b-3(c)
• Filing timeliness: Form was filed the day after the transaction (Feb 18) — appears timely

Context

• This was an option exercise (not an open-market buy/sell for investment). The disposal/withholding of shares to cover taxes or exercise costs is common in cashless or net-share option settlements and does not necessarily signal a view on the company’s stock by itself.
• Footnote F2 indicates portions of the ownership increase came through an exempt acquisition process under Rule 16b-3(c) (standard for some plan-based transactions).