Beidner Elyse D. 4

What Happened
Elyse D. Beidner, Executive Vice President and Chief Legal Officer of Blue Foundry Bancorp, reported dispositions totaling 103,770 shares. The Form 4 shows four dispositions: 55,000 (derivative) on 2026-03-30 and 16,998, 20,000, and 11,772 on 2026-04-01. Prices and per-transaction dollar amounts are listed as N/A on the Form 4 because the transfers were made to the issuer under the company’s merger agreement rather than open-market sales.

Key Details

• Transaction dates: 2026-03-30 (55,000 derivative) and 2026-04-01 (16,998; 20,000; 11,772). All transactions coded D (Disposition to Issuer).
• Total shares disposed: 103,770 shares. Reported prices/values: N/A on the Form 4.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: Under the Merger Agreement with Fulton Financial Corporation, each issued Blue Foundry share was converted into the right to receive 0.650 shares of Fulton common stock (cash paid in lieu for fractional shares).
  • F3: Outstanding options (vested or unvested) were cancelled and converted into a cash payment equal to (exercise price difference) × number of option shares, using a per-share consideration price of $13.6435.
  • F2: (Context) Stock options vest ratably over seven years beginning Oct 19, 2023.
• Filing date: Form 4 filed 2026-04-01 reporting transactions through 2026-03-30; appears to be filed within the standard Form 4 timeframe.

Context
These dispositions are tied to Blue Foundry’s merger with Fulton Financial and reflect conversion/cash-out mechanics (conversion into Fulton shares and cash payments for cancelled options), not routine open-market selling by the insider. The derivative line (55,000) reflects option cancellation/cash-out under the merger terms (see F3). Because amounts are converted under the merger and Form 4 lists N/A for trade prices, the filing does not provide a market dollar value for the insider’s proceeds.