Blue Foundry (NASDAQ: BLFY) CTO granted stock; tax shares withheld

Rhea-AI Filing Summary

Blue Foundry Bancorp EVP and Chief Tech Officer Aleksandr Malkiman received a grant of 6,250 shares of common stock, reflecting vesting of performance shares at target under the merger agreement with Fulton Financial Corporation. To cover tax obligations, 9,023 shares were withheld by the issuer at a price of $13.6435 per share, leaving 17,723 shares held directly. He also holds 6,278 shares indirectly through an ESOP and stock options on 68,800 shares of common stock with an exercise price of $11.69 per share, vesting ratably over seven years starting October 19, 2023, and expiring in 2032.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Malkiman Aleksandr

Role EVP and Chief Tech Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,250	$0.00	--
Tax Withholding	Common Stock	9,023	$13.6435	$123K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,746 shares (Direct); Stock Options — 68,800 shares (Direct); Common Stock — 6,278 shares (Indirect, By ESOP)

Footnotes (1)

1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp. Represents shares withheld by the issuer to satisfy tax obligations. Stock options vest ratably for seven years commencing on October 19, 2023.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malkiman Aleksandr

(Last) (First) (Middle)

19 PARK AVENUE

(Street)

RUTHERFORD NEW JERSEY 07070

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blue Foundry Bancorp [ BLFY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Tech Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		A		6,250(1)	A	$0	26,746	D
Common Stock	03/25/2026		F		9,023(2)	D	$13.6435	17,723	D
Common Stock								6,278	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$11.69							10/19/2023	10/19/2032	Common Stock	68,800(3)		68,800	D

Explanation of Responses:

1. Vesting of performance shares at target in accordance with the Agreement and Plan of Merger by and between Fulton Financial Corporation and Blue Foundry Bancorp.

2. Represents shares withheld by the issuer to satisfy tax obligations.

3. Stock options vest ratably for seven years commencing on October 19, 2023.

Remarks:

	/s/ Kelly Pecoraro, pursuant to Power of Attorney	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did BLFY executive Aleksandr Malkiman report in this Form 4?

Aleksandr Malkiman reported a grant of 6,250 Blue Foundry Bancorp common shares and a related tax-withholding disposition of 9,023 shares. These entries reflect equity compensation and associated tax settlement rather than open-market buying or selling activity.

How many Blue Foundry (BLFY) shares does Malkiman hold after these transactions?

After these transactions, Malkiman holds 17,723 Blue Foundry common shares directly and 6,278 shares indirectly through an ESOP. These positions show his ongoing equity stake in addition to outstanding stock options reported in the same filing.

Why were 9,023 BLFY shares disposed of in this insider filing?

The 9,023 Blue Foundry shares were withheld by the issuer to satisfy tax obligations related to the equity grant. This tax-withholding disposition is a standard, non-market mechanism and does not represent an open-market sale by the executive.

What stock option position does Malkiman have in Blue Foundry Bancorp?

Malkiman holds stock options linked to 68,800 shares of Blue Foundry common stock at an exercise price of $11.69 per share. These options vest ratably over seven years beginning October 19, 2023, and expire in 2032 if not exercised.

Was the 6,250-share BLFY grant part of a merger-related award?

Yes. The 6,250-share grant reflects vesting of performance shares at target in accordance with the Agreement and Plan of Merger between Fulton Financial Corporation and Blue Foundry Bancorp, as described in the filing footnotes.