[Form 4] Blue Foundry Bancorp Insider Trading Activity

Rhea-AI Filing Summary

Blue Foundry Bancorp director Patrick H. Kinzler reported the disposition of all his Blue Foundry equity in connection with its merger with Fulton Financial Corporation. Each share of Blue Foundry common stock was converted into the right to receive 0.650 shares of Fulton Financial common stock under the Agreement and Plan of Merger.

Kinzler disposed of 77,911 directly held common shares, plus shares held through an IRA and Roth IRA, and now reports zero Blue Foundry shares. In addition, 106,959 stock options with an exercise price of $11.54 per share were cancelled and converted into a cash payment equal to the difference between the per share consideration price of $13.6435 and the exercise price, multiplied by the number of option shares.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kinzler Patrick H.

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	77,911	$0.00	--
Disposition	Common Stock	4,853	$0.00	--
Disposition	Common Stock	3,349	$0.00	--
Disposition	Stock Options	106,959	$0.00	--

Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By IRA); Stock Options — 0 shares (Direct)

Footnotes (1)

1. Pursuant to the Agreement and Plan of Merger, dated as of November 24, 2025 (the "Merger Agreement"), by and between the Issuer and Fulton Financial Corporation, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock (subject to the payment of cash in lieu of fractional shares). Stock options vest at a rate of 20% per year commencing on August 26, 2023. In accordance with the Merger Agreement, each option to acquire common stock of the Issuer that is outstanding immediately prior to the effective time of the merger (whether vested or unvested), was cancelled and converted into the right to receive a cash payment, less applicable taxes and other withholdings, equal to the difference between the exercise price of the option and the per share consideration price ($13.6435), multiplied by the number of shares subject to such option.

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

X

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^*

Kinzler Patrick H.

(Last) (First) (Middle)

19 PARK AVENUE

(Street)

RUTHERFORD NEW JERSEY 07070

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blue Foundry Bancorp [ BLFY ]

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)
03/30/2026

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	04/01/2026		D		77,911	D	(1)	0	D
Common Stock	04/01/2026		D		4,853	D	(1)	0	I	By IRA
Common Stock	04/01/2026		D		3,349	D	(1)	0	I	By Roth IRA

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	$11.54	03/30/2026		D			106,959	(2)	08/26/2032	Common Stock	106,959	(3)	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated as of November 24, 2025 (the "Merger Agreement"), by and between the Issuer and Fulton Financial Corporation, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock (subject to the payment of cash in lieu of fractional shares).

2. Stock options vest at a rate of 20% per year commencing on August 26, 2023.

3. In accordance with the Merger Agreement, each option to acquire common stock of the Issuer that is outstanding immediately prior to the effective time of the merger (whether vested or unvested), was cancelled and converted into the right to receive a cash payment, less applicable taxes and other withholdings, equal to the difference between the exercise price of the option and the per share consideration price ($13.6435), multiplied by the number of shares subject to such option.

Remarks:

	/s/ Mary M. Russell, pursuant to Power of Attorney	04/01/2026
	** 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 insider transaction did Blue Foundry Bancorp (BLFY) disclose?

Blue Foundry Bancorp disclosed that director Patrick H. Kinzler disposed of all his Blue Foundry equity. His common shares and stock options were surrendered to the issuer in connection with the merger with Fulton Financial Corporation, leaving him with no remaining Blue Foundry holdings.

How were Blue Foundry (BLFY) common shares treated in the Fulton Financial merger?

Each Blue Foundry common share was converted into the right to receive 0.650 shares of Fulton Financial Corporation common stock. Cash is to be paid in lieu of fractional shares, providing Blue Foundry stockholders with Fulton Financial equity as the merger consideration.

What happened to Patrick Kinzler’s stock options in Blue Foundry Bancorp (BLFY)?

Kinzler’s 106,959 stock options with an exercise price of $11.54 were cancelled under the merger terms. They were converted into a cash payment equal to the per share consideration price of $13.6435 minus the exercise price, multiplied by the number of option shares.

Did Patrick Kinzler retain any Blue Foundry Bancorp (BLFY) shares after the merger?

No. After the merger-related dispositions, Kinzler reports zero Blue Foundry shares and options. His directly held shares, as well as those held via an IRA and Roth IRA, were all surrendered to the issuer pursuant to the Agreement and Plan of Merger.

How were Blue Foundry (BLFY) IRA and Roth IRA holdings affected for Patrick Kinzler?

Common shares held in Kinzler’s IRA and Roth IRA were also disposed of to the issuer in connection with the merger. These indirect holdings were treated like his directly held shares, leaving no remaining Blue Foundry common stock reported in those accounts.

When do Patrick Kinzler’s cancelled Blue Foundry Bancorp options originally expire?

The cancelled Blue Foundry Bancorp stock options were scheduled to expire on August 26, 2032. Despite this original expiration date, the merger agreement required that all such options be cancelled and cashed out based on the merger per share consideration formula.