Blue Foundry EVP Aleksandr Malkiman Withholds 591 Shares (Tax)

What Happened
Aleksandr Malkiman, EVP and Chief Technology Officer of Blue Foundry Bancorp (BLFY), had 591 shares withheld by the company to satisfy tax obligations related to an option exercise. The withheld shares are reported at $13.15 each, for a total value of about $7,772. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (filed within the typical 2-business-day window).
• Reported disposition: 591 shares withheld @ $13.15 per share, total ≈ $7,772. Transaction code: F (tax withholding).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — shares withheld by issuer to satisfy tax obligations; F2 — the related stock options vest ratably over seven years beginning Oct 19, 2023.
• Filing timeliness: Reported two days after the transaction date (generally timely under Section 16 rules).

Context
This was a tax-withholding/net settlement after an option exercise — a routine administrative step that does not necessarily signal insider buying or selling intent. For options-related transactions, note that withholding is common: the company retains some exercised shares to cover required taxes rather than the insider selling shares on the open market.