KUNTZ JOHN F 4

What Happened

• John F. Kuntz, a director of Blue Foundry Bancorp (BLFY), reported dispositions (code D) totaling 69,388 shares: 48,133 shares on 2026-03-30 (listed as derivative) and 21,255 shares on 2026-04-01. Prices and proceeds are listed as N/A in the filing because these were merger-related cancellations/conversions rather than open‑market sales.
• Per the Merger Agreement (footnote F1), each outstanding BLFY common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock (with cash paid in lieu of fractional shares). For outstanding options (whether vested or unvested), the agreements provide for cancellation and a cash payment equal to the difference between the option exercise price and the per-share consideration ($13.6435) multiplied by the option shares (footnote F3).

Key Details

• Transaction dates: 2026-03-30 (48,133 derivative shares) and 2026-04-01 (21,255 shares); transaction code D = disposition to issuer.
• Reported price/proceeds: N/A (merger conversion/cancellation rather than market trades).
• Shares owned after the transactions: not specified in the Form 4.
• Relevant footnotes: F1 (0.650 Fulton shares per BLFY share; cash in lieu of fractions), F2 (options vest 20%/year from Nov 1, 2025), F3 (outstanding options cancelled and converted into cash payout based on $13.6435 per share consideration).
• Filing timeliness: Report filed 2026-04-01 for period ending 2026-03-30 (appears to be a timely merger-related report).

Context

• These disclosures reflect merger-related dispositions and option cancellations/conversions, not open-market purchases or sales. For option holders, the settlement is cash-based per the merger terms (not a cashless exercise resulting in retained shares).
• Such filings document how insider equity was handled in the deal (conversion to Fulton shares or cash for options) and do not by themselves indicate insider sentiment about the combined company.