Pecoraro Kelly 4

What Happened
Kelly Pecoraro, Executive Vice President and Chief Financial Officer of Blue Foundry Bancorp (BLFY), had 1,653 shares withheld by the issuer on Feb 1, 2026 to satisfy tax obligations. The withheld shares were valued at $13.15 each for a total of approximately $21,737. This transaction represents tax withholding (disposition code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-01; Filing date (Form 4): 2026-02-03 (appears timely).
• Shares withheld/disposed: 1,653 shares at $13.15 each; total ≈ $21,737.
• Transaction code: F — shares withheld by issuer to satisfy tax obligations (see F1).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = related stock options vest ratably over seven years beginning Oct 19, 2023.

Context
This was a tax-withholding transaction typically associated with option vesting or option exercise; it is routine and used to cover tax liabilities rather than representing a deliberate market sell-off. The filing notes the options vest ratably over seven years (commencing Oct 19, 2023), which explains why withholding occurred. Such withholding transactions are common and do not by themselves indicate the insider’s view of the company’s stock.