Nesci James D 4

What Happened
James D. Nesci, President, CEO and Director of Blue Foundry Bancorp, had 8,337 shares withheld by the issuer on March 6, 2026 to satisfy tax obligations related to option vesting/exercise. The shares were valued at $13.01 each, for a total of approximately $108,464. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and type: 2026-03-06 — Payment of exercise price or tax liability (F); shares withheld to satisfy taxes.
• Price and value: 8,337 shares @ $13.01 = $108,464 (approx).
• Filing date: 2026-03-10 (filed within the SEC’s two-business-day Form 4 window for a Mar 6 transaction).
• Shares owned after transaction: Not specified in the provided summary — see the Form 4 for post-transaction holdings.
• Relevant footnotes: F1 = shares withheld by issuer to satisfy tax obligations; F3 = stock options vest ratably over seven years beginning Oct 19, 2023.
• Transaction code meaning: F indicates tax withholding/payment related to an exercise or vesting event (not a market sale).

Context
This was a net/withholding action to cover taxes tied to option vesting or exercise, a routine administrative step that does not necessarily indicate a buy or sell signal by the insider. For a fuller picture, retail investors may want to check Nesci’s total post-transaction holdings and any future open-market trades reported on subsequent Form 4 filings.