BLFY.Blue Foundry Bancorp

Form 4: Blue Foundry Bancorp EVP Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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

Summary

  • On March 6, 2025, Aleksandr Malkiman, EVP and Chief Tech Officer of Blue Foundry Bancorp, disposed of 641 shares of common stock at a price of $9.65.
  • This transaction was to satisfy tax obligations.
  • Following the transaction, Malkiman directly owns 17,100 shares and indirectly owns 3,881 shares through an ESOP.
  • Malkiman also holds stock options for 68,800 shares of common stock, which vest ratably over seven years starting October 19, 2023, with an exercise price of $11.69.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

  • The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates

DateDescription
10/19/2023Commencement date for the vesting of stock options, vesting ratably over seven years.
03/06/2025Date of the transaction where shares were disposed of to cover tax obligations.
03/10/2025Date of signature for the Form 4 filing.
10/19/2032Expiration date of the stock options.

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