[Form 4] Blue Foundry Bancorp Insider Trading Activity

Rhea-AI Filing Summary

Blue Foundry Bancorp (BLFY) Form 4: The company's Chief Risk Officer and Director, Keith Owes, reported an open-market sale of 1,023 shares of BLFY common stock on 09/18/2025 at a price of $9.68 per share. After the sale, the reporting person beneficially owned 14,477 shares, which include 10,167 restricted stock grant shares that have not vested. The filing was signed on behalf of the reporting person by Mary M. Russell under power of attorney on 09/22/2025. The Form 4 discloses the transaction code F and lists the reporting relationship as Officer (Chief Risk Officer) and Director.

Positive

• Transparent disclosure of an insider sale and remaining beneficial ownership
• Detailed breakdown showing restricted shares (10,167) that are unvested

Negative

• Insider disposition of 1,023 shares could be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Insider sold a small parcel of shares; substantial restricted shares remain unvested, filing is a routine Section 16 disclosure.

The Form 4 shows a single open-market disposition of 1,023 shares at $9.68, leaving 14,477 shares beneficially owned, of which 10,167 are restricted and unvested. The transaction code "F" indicates a sale. This filing provides transparency on insider activity and outstanding restricted awards but contains no additional corporate actions or material financial data.

Corporate Governance Expert

TL;DR: Governance disclosure is complete for the reported transaction; power-of-attorney signature is noted.

The report identifies the reporting person as both an officer (Chief Risk Officer) and a director and includes a POA-signed signature dated 09/22/2025 by Mary M. Russell. The filing also clarifies the composition of beneficial ownership by noting the number of restricted shares that remain unvested. There are no indications of related-party transactions beyond the disclosed sale.

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

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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 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)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		F		1,023	D	$9.68	14,477(1)	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. Includes 10,167 restricted stock grant shares that have not yet vested.

Remarks:

	/s/ Mary M. Russell, pursuant to Power of Attorney	09/22/2025
	** 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.

FAQ

What insider transaction was reported for BLFY on this Form 4?

Sale of 1,023 shares of BLFY common stock on 09/18/2025 at $9.68 per share.

Who filed the Form 4 for BLFY and what is their role?

Keith Owes, identified as an officer (Chief Risk Officer) and director, is the reporting person.

How many BLFY shares does the reporting person own after the transaction?

The reporting person beneficially owns 14,477 shares following the reported sale.

Does the Form 4 indicate any unvested restricted stock for BLFY insider?

Yes, it includes 10,167 restricted stock grant shares that have not vested.

When was the Form 4 signed and by whom?

The form was signed on behalf of the reporting person by Mary M. Russell under power of attorney on 09/22/2025.