Blue Foundry (NASDAQ: BLFY) EVP logs routine tax withholding

Rhea-AI Filing Summary

Blue Foundry Bancorp EVP and Chief Legal Officer Elyse D. Beidner reported a routine tax-related share disposition. On March 6, 2026, 1,215 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations, rather than sold in the market.

After this withholding, she directly holds 21,795 common shares and has indirect holdings of 20,000 shares through a 401(k) and 11,772 shares through an ESOP. She also holds stock options over 55,000 shares of common stock at an exercise price of $11.69 per share, vesting ratably over seven years beginning on October 19, 2023 and expiring on October 19, 2032.

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

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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^*

Beidner Elyse D.

(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 Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		F		1,215(1)	D	$13.01	21,795	D
Common Stock								20,000	I	By 401(k)
Common Stock								11,772(2)	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	55,000(3)		55,000	D

Explanation of Responses:

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

2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

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

Remarks:

	/s/ Kelly Pecoraro, pursuant to Power of Attorney	03/10/2026
	** 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.

FAQ

What did Blue Foundry Bancorp (BLFY) disclose in Elyse Beidner’s latest Form 4?

Blue Foundry Bancorp reported that EVP and Chief Legal Officer Elyse D. Beidner had 1,215 common shares withheld on March 6, 2026 to cover tax obligations. This was a tax-withholding disposition, not an open-market purchase or sale of BLFY stock.

How many Blue Foundry Bancorp (BLFY) shares does Elyse Beidner hold after the tax withholding?

Following the March 6, 2026 tax withholding, Elyse Beidner directly holds 21,795 BLFY common shares. She also has indirect ownership of 20,000 shares through a 401(k) and 11,772 shares through an ESOP, as well as a significant stock option position.

Was Elyse Beidner’s BLFY Form 4 transaction a sale of shares?

No, the Form 4 shows 1,215 BLFY common shares were withheld by the issuer to satisfy tax obligations at $13.01 per share. The filing classifies this as a tax-withholding disposition, not an open-market sale initiated by Elyse Beidner.

What stock options in Blue Foundry Bancorp (BLFY) does Elyse Beidner report holding?

Elyse Beidner reports stock options over 55,000 BLFY common shares at an exercise price of $11.69 per share. These options vest ratably over seven years starting October 19, 2023 and expire on October 19, 2032, indicating a long-term equity incentive position.

How significant is the 1,215-share BLFY tax withholding for Elyse Beidner’s position?

The 1,215-share tax withholding represents only a small portion of Elyse Beidner’s overall BLFY exposure. She retains 21,795 directly held shares, additional indirect holdings via a 401(k) and ESOP, and options over 55,000 underlying shares after the reported transaction.