OceanFirst (NASDAQ: OCFC) director acquires stock via Flushing merger

Rhea-AI Filing Summary

OCEANFIRST FINANCIAL CORP director John R. Buran reported share acquisitions tied to the completion of OceanFirst’s merger with Flushing Financial Corporation. On June 1, 2026, Flushing common stock converted into OceanFirst stock at an exchange ratio of 0.85 OceanFirst share per Flushing share.

Buran indirectly acquired 113,265 shares of OceanFirst common stock through a 401(k) plan and directly held 113,329 shares after the merger-related conversions. These are non‑cash, non‑market grant/award acquisitions stemming from the merger terms rather than open‑market buying.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BURAN JOHN R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	113,329	$0.00	--
Grant/Award	Common Stock	113,265	$0.00	--

Holdings After Transaction: Common Stock — 113,329 shares (Direct, null); Common Stock — 113,265 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. On June 1, 2026, OceanFirst Financial Corp. ("OceanFirst") completed its previously announced merger with Flushing Financial Corporation ("Flushing") pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst, Flushing, and Apollo Merger Sub Corp. (the "Merger"). At the effective time of the Merger, each share of Flushing common stock was converted into the right to receive 0.85 of a share (the "Exchange Ratio") of OceanFirst common stock with cash paid in lieu of any fractional share. Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.

Key Figures

Indirect shares after transaction: 113,265 shares Direct shares after transaction: 113,329 shares Exchange ratio: 0.85 share +1 more

4 metrics

Indirect shares after transaction 113,265 shares OceanFirst common stock held indirectly via 401(k) plan after June 1, 2026 merger

Direct shares after transaction 113,329 shares OceanFirst common stock held directly after June 1, 2026 merger

Exchange ratio 0.85 share OceanFirst shares received per share of Flushing common stock in merger

Acquisition transactions 2 transactions Grant/award acquisitions of OceanFirst common stock reported on Form 4

Key Terms

Exchange Ratio, Merger Agreement, 401(k) Plan

3 terms

Exchange Ratio financial

"each share of Flushing common stock was converted into the right to receive 0.85 of a share (the "Exchange Ratio") of OceanFirst common stock"

The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.

Merger Agreement regulatory

"pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst, Flushing, and Apollo Merger Sub Corp."

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

401(k) Plan financial

"nature_of_ownership": "By 401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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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^*

BURAN JOHN R

(Last) (First) (Middle)

110 WEST FRONT STREET

(Street)

RED BANK NEW JERSEY 07701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		A		113,329	A	(1)(2)	113,329	D
Common Stock	06/01/2026		A		113,265	A	(1)(2)	113,265	I	By 401(k) Plan

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. On June 1, 2026, OceanFirst Financial Corp. ("OceanFirst") completed its previously announced merger with Flushing Financial Corporation ("Flushing") pursuant to the Agreement and Plan of Merger, dated December 29, 2025 (the "Merger Agreement"), by and among OceanFirst, Flushing, and Apollo Merger Sub Corp. (the "Merger"). At the effective time of the Merger, each share of Flushing common stock was converted into the right to receive 0.85 of a share (the "Exchange Ratio") of OceanFirst common stock with cash paid in lieu of any fractional share.

2. Reflects OceanFirst securities acquired pursuant to the terms of the Merger Agreement and agreements contemplated thereby.

Remarks:

	/s/ Steven J. Tsimbinos, Power of Attorney	06/03/2026
	** 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 John R. Buran report in his latest Form 4 for OCFC?

He reported acquiring OceanFirst common stock through the completed merger with Flushing Financial. Holdings rose to 113,265 shares indirectly via a 401(k) plan and 113,329 shares directly, all classified as grant or award acquisitions rather than market purchases.

Were John R. Buran’s OCFC share acquisitions open‑market purchases?

No. The Form 4 classifies both transactions as grant or award acquisitions. Shares were received as stock consideration in the OceanFirst–Flushing merger under the merger agreement, not bought on the open market for cash at a stated price per share.

How many OCFC shares does John R. Buran hold directly and indirectly after the merger?

Following the reported transactions, he holds 113,329 OCFC shares directly and 113,265 OCFC shares indirectly via a 401(k) plan. These positions reflect the OceanFirst securities received through the merger conversion formula described in the filing’s footnotes.

What exchange ratio applied in the OceanFirst–Flushing merger affecting OCFC shares?

Each share of Flushing common stock converted into the right to receive 0.85 of a share of OceanFirst common stock. Cash was paid instead of any fractional OceanFirst share, so investors received only whole shares plus cash in lieu of fractional entitlements.

Does the OCFC Form 4 suggest any insider selling by John R. Buran?

No. The transaction summary shows two acquisition entries and no sales, gifts, or tax‑withholding dispositions. Activity reflects conversion of Flushing holdings into OceanFirst stock under the merger, not a decision to reduce exposure through stock sales.