FLUSHING FINANCIAL CORP·4

Jun 2, 6:29 PM ET

Yoh Caren C 4

Research Summary

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Flushing Financial (FFIC) Director Yoh Caren C Sells Shares

What Happened

  • Yoh Caren C, a director of Flushing Financial Corp (FFIC), had two dispositions on June 1, 2026: 56,685 shares and 4,800 shares of FFIC common stock (total 61,485 shares). Prices are reported as N/A because the transactions were dispositions pursuant to the Merger Agreement with OceanFirst Financial Corporation (OCFC) and closed on June 1, 2026.
  • Under the Merger Agreement each FFIC share was converted into the right to receive 0.85 shares of OCFC common stock (fractional shares paid in cash). As a result of the merger, the reporting person no longer beneficially owns any FFIC common stock.

Key Details

  • Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (filed the day after the effective date).
  • Dispositions: 56,685 shares and 4,800 shares (total 61,485); per-share price not reported (conversion under merger).
  • Consideration: 0.85 OCFC share per FFIC share at the Effective Time; fractional shares paid in cash (Merger closed 6/1/2026).
  • Shares owned after transaction: zero FFIC common shares (see footnote F3).
  • Related notes: previously unvested FFIC RSUs were converted into service-based RSUs in OCFC shares on a 0.85-to-1 basis (rounded down) and remain subject to original terms (footnotes F1, F4).

Context

  • These were corporate-merger conversions (dispositions to the issuer under the Merger Agreement), not open-market sales. Such filings reflect the mechanics of the merger (share-for-share conversion and cash-out of fractions) rather than an independent insider decision to sell.