Blue Foundry CFO has 1,653 shares withheld for tax

Blue Foundry Bancorp’s EVP and CFO Kelly Pecoraro reported an insider transaction involving company common stock.

Rhea-AI Filing Summary

Blue Foundry Bancorp’s EVP and CFO Kelly Pecoraro reported an insider transaction involving company common stock. On February 1, 2026, 1,653 common shares at $13.15 were withheld by the issuer to satisfy tax obligations, rather than sold on the market.

After this withholding, Pecoraro beneficially owns 49,109 common shares directly and 4,086 common shares indirectly through an ESOP. She also holds 177,000 stock options for common stock, which vest ratably over seven years starting on October 19, 2023.

Insider Trade Summary

Exercise Price or Tax Liability: 1,653 shares

Exercise Price or Tax Liability 3 txns

Insider Pecoraro Kelly

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,653	$13.15	$22K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 49,109 shares (Direct); Stock Options — 177,000 contracts (Direct); Common Stock — 4,086 shares (Indirect, By ESOP)

Footnotes (2)

1. F1. Represents shares withheld by the issuer to satisfy tax obligations.
2. F2. Stock options vest ratably for seven years commencing on October 19, 2023.

FAQ

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What insider transaction did BLFY EVP and CFO Kelly Pecoraro report?

Kelly Pecoraro reported issuer share withholding for taxes. On February 1, 2026, 1,653 shares of Blue Foundry Bancorp common stock at $13.15 were withheld by the issuer to satisfy tax obligations, as disclosed in the Form 4 footnotes.

How many Blue Foundry Bancorp (BLFY) shares does Kelly Pecoraro own after this Form 4?

After the transaction, Pecoraro holds 49,109 shares directly. She also has indirect beneficial ownership of 4,086 common shares through an ESOP, according to the filing, in addition to a separate grant of 177,000 stock options on Blue Foundry Bancorp common stock.

Why were 1,653 BLFY shares withheld from Kelly Pecoraro on February 1, 2026?

The 1,653 shares were withheld to cover tax obligations. The Form 4 footnote states these shares represent stock withheld by Blue Foundry Bancorp to satisfy Pecoraro’s tax liabilities associated with equity compensation, rather than open-market sales of shares.

What stock option holdings does BLFY CFO Kelly Pecoraro report?

Pecoraro reports 177,000 stock options on common stock. These options carry a $11.69 exercise price and vest ratably over seven years, commencing on October 19, 2023, with an expiration date of October 19, 2032, according to the derivative securities table.

How is Pecoraro’s indirect ownership in BLFY shares structured?

Pecoraro’s indirect ownership is through an ESOP. The Form 4 lists 4,086 Blue Foundry Bancorp common shares as indirectly owned, with the nature of ownership identified as “By ESOP,” indicating beneficial interest through an employee stock ownership plan.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/03/2026 - 02:54 PM EST Learn about SEC filing dates

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^*

Pecoraro Kelly

(Last) (First) (Middle)

19 PARK AVENUE

(Street)

RUTHERFORD NJ 07070

(City) (State) (Zip)

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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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

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

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

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	02/01/2026		F		1,653(1)	D	$13.15	49,109	D
Common Stock								4,086	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	177,000(2)		177,000	D

Explanation of Responses:

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

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

Remarks:

	/s/ Kelly Pecoraro	02/03/2026
	** 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.