Nesci James D 4

What Happened
James D. Nesci, President & CEO and a director of Blue Foundry Bancorp (BLFY), reported dispositions totaling 740,782 shares. Transactions recorded: 570,450 shares (marked as derivative) on 2026-03-30, and four issuer-directed dispositions of 113,178; 36,882; 11,772; and 8,500 shares on 2026-04-01. No per-share prices are listed in the Form 4 (N/A) because the transfers were performed under the companies’ merger agreement rather than open-market trades.

Key Details

• Transaction dates: 2026-03-30 (570,450 derivative shares) and 2026-04-01 (113,178; 36,882; 11,772; 8,500 shares).
• Price: Not reported (N/A) — dispositions were effected under the Merger Agreement, not via public sale.
• Shares disposed: total 740,782 BLFY shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Under the Merger Agreement (Nov 24, 2025), each BLFY share converted into the right to receive 0.650 shares of Fulton Financial common stock (cash in lieu for fractional shares).
  • F3: Each outstanding Blue Foundry option (vested or unvested) was cancelled and converted into a cash payment equal to (per-share consideration price $13.6435 minus the option exercise price) × number of option shares — explaining the “Derivative” disposition.
  • F2: (Background) BLFY stock options vest ratably over seven years from Oct 19, 2023.
• Filing: Form 4 filed April 1, 2026; Period of Report listed as March 30, 2026.

Context
These dispositions are merger-related adjustments (conversion to Fulton shares and cash settlements of options) rather than routine open-market sales and therefore reflect deal consideration mechanics. For post-transaction holdings in Fulton Financial (or cash settlement amounts), review Fulton Financial’s filings and the Merger Agreement disclosures for exact cash or Fulton-share amounts received and any tax/withholding details.