Nesci James D 4

What Happened
James D. Nesci, President, CEO and Director of Blue Foundry Bancorp (BLFY), had 5,272 shares withheld by the issuer on Feb 1, 2026 to satisfy tax obligations tied to option vesting/exercise. The withholding was recorded at $13.15 per share, for a total value of $69,327. This is a tax-withholding disposal (footnote code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-01 at $13.15 per share.
• Shares withheld/disposed: 5,272; total value ~$69,327.
• Transaction code: F (shares withheld to satisfy tax obligations; footnote F1).
• Vesting note: Options vest ratably over seven years beginning Oct 19, 2023 (footnote F2).
• Shares owned after transaction: not specified in this Form 4 filing.
• Filing: Report filed 2026-02-03 — appears timely (within the standard two-business-day window).

Context
This was a routine tax-withholding event related to option vesting/exercise rather than a voluntary cash sale. Such withholdings are common and generally reflect tax obligations, not necessarily insider sentiment about the stock. Because this was not an open-market sale or purchase, it provides limited information about the insider’s view of BLFY’s prospects.