CLBK insider adds phantom stock, holds 62,474 vested options

Rhea-AI Filing Summary

Columbia Financial, Inc. (CLBK) reported a routine insider transaction by a director on a Form 4. On 11/14/2025, the director acquired 163.7895 shares of phantom stock at $15.06 through the Columbia Bank Stock Based Deferral Plan, where stock unit interests are later settled in shares of common stock. Following this transaction, the director beneficially holds 9,840.0001 shares through the deferral plan and additional common stock in direct and indirect accounts, including IRA and Roth IRA holdings and prior stock awards. The director also holds 62,474 fully vested stock options with a $15.6 exercise price, which are exercisable until 07/23/2029 under the 2019 Equity Incentive Plan.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Randall Elizabeth E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	163.79	$15.06	$2K
holding	Stock Options (right to buy)	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 9,840 shares (Indirect, By Stock-Based Deferral Plan); Stock Options (right to buy) — 62,474 shares (Direct); Common Stock — 39,934 shares (Direct)

Footnotes (1)

1. Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 11, 2026. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

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

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^*

Randall Elizabeth E.

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NJ 07410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Columbia Financial, Inc. [ CLBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		A		163.7895(1)	A	$15.06	9,840.0001	I	By Stock-Based Deferral Plan
Common Stock								39,934	D
Common Stock								44,447	I	By IRA
Common Stock								6,704	I	By Roth IRA
Common Stock								3,207	I	By Stock Award IV(2)

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 (right to buy)	$15.6							07/23/2020(3)	07/23/2029	Common Stock	62,474		62,474	D

Explanation of Responses:

1. Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person.

2. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 11, 2026.

3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

Remarks:

	/s/ Dennis E. Gibney, Power of Attorney	11/18/2025
	** 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 did Columbia Financial (CLBK) report on this Form 4?

A director of Columbia Financial, Inc. (CLBK) reported acquiring 163.7895 shares of phantom stock on 11/14/2025 through the Columbia Bank Stock Based Deferral Plan at a price of $15.06 per share.

What is the Columbia Bank Stock Based Deferral Plan mentioned for CLBK?

The Columbia Bank Stock Based Deferral Plan is a non-qualified stock-based deferral plan in which phantom stock is purchased in a rabbi trust, and the resulting stock unit interests are settled in shares of Columbia Financial common stock upon distribution to the reporting person.

How many Columbia Financial (CLBK) shares does the director beneficially own after the reported transaction?

After the transaction, the director beneficially owns 9,840.0001 shares through the stock-based deferral plan and additional common stock held directly and indirectly, including 39,934 shares directly, 44,447 through an IRA, 6,704 through a Roth IRA, and 3,207 through a stock award.

What stock options related to CLBK does the director hold?

The director holds 62,474 stock options to buy Columbia Financial common stock at an exercise price of $15.6 per share. These options were granted on 07/23/2020 under the 2019 Equity Incentive Plan, are fully vested and exercisable, and expire on 07/23/2029.

Are the stock awards for Columbia Financial (CLBK) vested?

Certain Stock Awards were granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan and are scheduled to vest in one year on March 11, 2026.

Is this CLBK Form 4 filing about derivative or non-derivative securities?

The filing covers both non-derivative securities (phantom stock and common stock holdings) and derivative securities (stock options to buy common stock).