Columbia Financial director acquires 14.9 stock units

The deferral plan's stock-unit interests are settled in company shares upon distribution, and the reported option holding is fully vested and exercisable.

Rhea-AI Filing Summary

Columbia Financial, Inc. (symbol: CLBK) is the issuer of record for a Form 4 filing submitted to the SEC. On October 2, 2026, a trustee of the Bank's rabbi trust purchased 14.9361 phantom stock units on a non-discretionary basis for Noel R. Holland, a director. The reported Stock-Based Deferral Plan holding afterward was 29,847.4821 units, which are settled in shares upon distribution. Holland also directly held 80,797 common shares and 183,246 shares underlying fully vested and exercisable options, with a $7.1000 exercise price and July 23, 2029 expiration.

Insider Trade Summary

Grant/Award: 14.9361 shares

Grant/Award 5 txns

Insider Holland Noel R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	14.9361	$11.41	$170.42
holding	Stock Options (right to buy) F3	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 29,847.4821 shares (Indirect, By Stock-Based Deferral Plan); Stock Options (right to buy) — 183,246 contracts (Direct); Common Stock — 80,797 shares (Direct); Common Stock — 109,316 shares (Indirect, By SEP-IRA); Common Stock — 6,494 shares (Indirect, By Stock Award V)

Footnotes (3)

1. F1. 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. F2. Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 12, 2027.
3. F3. Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.

Key Figures

Phantom stock units acquired: 14.9361 units Stock-Based Deferral Plan holding after transaction: 29,847.4821 units Reported price per share: $11.4100 per share +5 more

8 metrics

Phantom stock units acquired 14.9361 units October 2, 2026; purchased by a trustee on a non-discretionary basis

Stock-Based Deferral Plan holding after transaction 29,847.4821 units Reported after the October 2, 2026 transaction

Reported price per share $11.4100 per share Phantom stock transaction by the plan trustee

Direct common stock holding 80,797 shares Reported holding

SEP-IRA common stock holding 109,316 shares Reported indirect holding

Shares underlying stock options 183,246 shares Reported direct option holding

Option exercise price $7.1000 per share Stock options covering common shares

Option expiration July 23, 2029 Reported stock options

Key Terms

phantom stock, rabbi trust, non-qualified stock-based deferral plan, fully vested and exercisable, +1 more

5 terms

phantom stock financial

"Represents phantom stock purchased"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

rabbi trust financial

"trustee of the Bank's rabbi trust"

A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.

non-qualified stock-based deferral plan financial

"a non-qualified stock-based deferral plan"

fully vested and exercisable financial

"are fully vested and exercisable"

2019 Equity Incentive Plan financial

"granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CLBK director Noel R. Holland acquire on October 2, 2026?

A trustee of the Bank's rabbi trust purchased 14.9361 phantom stock units for Noel R. Holland on October 2, 2026, on a non-discretionary basis. The reported holding through the Columbia Bank Stock Based Deferral Plan afterward was 29,847.4821 units; unit interests are settled in shares upon distribution.

What stock options does Noel R. Holland hold at CLBK?

Holland directly held stock options covering 183,246 common shares. The options are fully vested and exercisable at $7.1000 per share and expire July 23, 2029.

When do Noel R. Holland's CLBK Stock Award V awards vest?

The reported Stock Award V holding is 6,494 shares. Its footnote says stock awards granted under Columbia Financial, Inc.'s 2019 Equity Incentive Plan vest in one year on March 12, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/06/2026 - 10:02 AM Accepted by SEC EDGAR 10/06/2026 - 10:01 AM Learn about SEC filing dates

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^*

Holland Noel R.

(Last) (First) (Middle)

19-01 ROUTE 208 NORTH

(Street)

FAIR LAWN NEW JERSEY 07410

(City) (State) (Zip)

UNITED STATES

(Country)

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

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)
10/02/2026

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	10/02/2026		A		14.9361(1)	A	$11.41	29,847.4821	I	By Stock-Based Deferral Plan
Common Stock								80,797	D
Common Stock								109,316	I	By SEP-IRA
Common Stock								6,494	I	By Stock Award V(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)	$7.1							07/23/2020(3)	07/23/2029	Common Stock	183,246		183,246	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 12, 2027.

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

Remarks:

	/s/ Thomas F. Splaine, Jr., Power of Attorney	10/06/2026
	** 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)