Owes Keith 4

What Happened

• Keith Owes, Chief Risk Officer of Blue Foundry Bancorp (BLFY), recorded a disposition to the issuer for 8,982 shares on 2026-04-01. The filing shows no sale price (N/A) because the shares were surrendered under the companies' merger agreement rather than sold on the open market.
• Under the Merger Agreement, each Blue Foundry share converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock (with cash paid in lieu of any fractional share). The 8,982 surrendered BLFY shares convert to 5,838.3 Fulton shares (5,838 full shares plus cash for the 0.3 fractional share).

Key Details

• Transaction date: 2026-04-01; transaction type: Disposition to issuer (code D).
• Shares disposed: 8,982 BLFY shares; price reported as N/A (conversion/merger consideration).
• Resulting consideration: 0.650 Fulton shares per BLFY share (cash paid for fractional shares). 8,982 × 0.65 = 5,838.3 Fulton shares (fraction paid in cash).
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: Merger Agreement dated Nov 24, 2025 governs conversion; Fulton Financial Corporation is the surviving company.
• Filing timeliness: Reported on the same date as the transaction (2026-04-01), indicating a timely filing.

Context

• This disposition is a corporate-action conversion tied to a merger, not an open-market sale, so it reflects the mechanics of the deal rather than an insider trading decision. Such filings typically do not indicate a change in the insider’s view of the business.