Blue Foundry (NASDAQ: BLFY) CRO has shares withheld to cover taxes

Rhea-AI Filing Summary

Blue Foundry Bancorp’s Chief Risk Officer Keith Owes reported a routine tax-related share disposition. On this Form 4, 4,828 shares of common stock were withheld by the issuer to satisfy tax obligations, rather than sold on the open market. After this withholding, Owes directly holds 8,982 shares of Blue Foundry common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Owes Keith

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,828	$13.6435	$66K

Holdings After Transaction: Common Stock — 8,982 shares (Direct)

Footnotes (1)

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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^*

Owes Keith

(Last) (First) (Middle)

19 PARK AVE

(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)
	Chief Risk 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		F		4,828(1)	D	$13.6435	8,982	D

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

Explanation of Responses:

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

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 insider transaction did Blue Foundry Bancorp (BLFY) report for Keith Owes?

Blue Foundry Bancorp reported that Chief Risk Officer Keith Owes had 4,828 common shares withheld to cover tax obligations. This was a tax-withholding event, not an open-market sale, and reflects routine administration of equity compensation rather than a discretionary trade.

Was the BLFY insider transaction by Keith Owes an open-market sale?

No. The filing shows a Form 4 code F transaction, meaning 4,828 shares were withheld by the issuer to satisfy tax liabilities. This is a non-market disposition and does not represent Keith Owes choosing to sell shares into the market.

How many Blue Foundry Bancorp (BLFY) shares does Keith Owes hold after this transaction?

After the tax-withholding transaction, Chief Risk Officer Keith Owes directly holds 8,982 shares of Blue Foundry Bancorp common stock. This figure reflects his remaining direct equity position following the 4,828 shares withheld for tax obligations in the reported Form 4.

What does transaction code F mean in the BLFY Form 4 for Keith Owes?

Transaction code F indicates a disposition where shares are delivered to the issuer to pay an exercise price or satisfy tax obligations. In this case, 4,828 Blue Foundry shares were withheld specifically to cover taxes, not sold through a voluntary market transaction.

Does the Keith Owes Form 4 suggest a change in sentiment on BLFY stock?

The Form 4 reflects a tax-withholding event, not a voluntary buy or sell decision. Shares were withheld to satisfy tax liabilities tied to equity compensation, so it is generally viewed as an administrative transaction rather than a signal of changing sentiment on Blue Foundry Bancorp.