BLFY.Blue Foundry Bancorp

Form 4: Blue Foundry Bancorp EVP Malkiman Reports Stock Transactions

Sentiment:

SEC Filing

📋All filings for Blue Foundry Bancorp
🔒Login to Follow

Aleksandr Malkiman, EVP and Chief Tech Officer of Blue Foundry Bancorp, reports the disposition of shares to cover tax obligations and holdings in an ESOP.

Summary

  • Aleksandr Malkiman, an EVP and Chief Tech Officer at Blue Foundry Bancorp, filed a Form 4 detailing changes in beneficial ownership.
  • On February 1, 2025, Malkiman disposed of 372 shares of common stock at $9.75 per share to satisfy tax obligations.
  • Following the transaction, Malkiman directly owns 17,741 shares of common stock.
  • Malkiman also indirectly owns 1,285 shares through an ESOP.
  • Malkiman also owns 68,800 stock options with an exercise price of $11.69, granted on October 19, 2023, and expiring on October 19, 2032.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This allows the market to see if management is buying or selling stock.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding insider transactions.
  • The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
10/19/2023Date stock options were granted.
02/01/2025Date of stock transaction (disposal of shares for tax obligations).
02/04/2025Date of signature on the Form 4 filing.
10/19/2032Expiration date of stock options.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.