Blue Foundry (BLFY) EVP reports tax withholding of common shares

Rhea-AI Filing Summary

Blue Foundry Bancorp EVP/Human Resources Director Roselle Acela reported a routine tax-related share disposition. On the reported date, 932 shares of common stock were withheld by the issuer at $13.01 per share to satisfy tax obligations tied to equity compensation.

After this withholding, Acela directly holds 13,926 shares of common stock. The filing also shows additional indirect common stock holdings through a 401(k) plan and an ESOP, as well as stock options covering 55,000 underlying shares at an exercise price of $11.69 expiring on October 19, 2032, which vest ratably over seven years beginning October 19, 2023.

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^*

Roselle Acela

(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/Human Resources Director

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		932(1)	D	$13.01	13,926	D
Common Stock								20,000	I	By 401(k)
Common Stock								11,091(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 does the Blue Foundry Bancorp (BLFY) Form 4 for Roselle Acela report?

The Form 4 reports that EVP/Human Resources Director Roselle Acela had 932 common shares withheld by Blue Foundry Bancorp to cover tax obligations. This is a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity compensation.

How many Blue Foundry (BLFY) shares were withheld for taxes and at what price?

The filing shows 932 shares of common stock withheld by the issuer at $13.01 per share to satisfy tax obligations. This transaction is coded as F, indicating payment of tax liability by delivering securities rather than a discretionary market trade.

What are Roselle Acela’s direct and indirect BLFY share holdings after this Form 4?

After the tax withholding, Roselle Acela directly holds 13,926 BLFY common shares. The Form 4 also lists additional indirect holdings through a 401(k) plan and an ESOP, providing retirement- and employee-plan-based exposure to Blue Foundry Bancorp stock alongside her direct position.

What stock options for Blue Foundry (BLFY) does Roselle Acela hold according to this filing?

The filing shows stock options tied to 55,000 underlying BLFY common shares with an exercise price of $11.69, expiring on October 19, 2032. These options vest ratably over seven years, starting on October 19, 2023, as part of her long-term compensation.

Is the BLFY Form 4 transaction by Roselle Acela a buy or a sell?

The reported transaction is a tax-withholding disposition, coded F, where 932 shares were withheld by Blue Foundry Bancorp to cover tax obligations. It is not an open-market purchase or sale decision, but a routine mechanism tied to equity compensation.