Columbia Financial director adds 128 phantom units

Rhea-AI Filing Summary

Columbia Financial, Inc. (CLBK) director Noel R. Holland reported an automatic acquisition of 127.7547 shares-equivalent of common stock on August 26, 2026, as phantom stock dividends under the Columbia Bank Stock Based Deferral Plan at a reference value of $11.62 per unit. Following this award, Holland holds 29,817.9802 indirect units in the deferral plan, 80,797 directly held common shares, 109,316 common shares indirectly through a SEP-IRA, and 6,494 common shares indirectly via Stock Award V. Holland also holds fully vested stock options covering 183,246 shares of common stock at an exercise price of $7.10 per share, expiring July 23, 2029.

Insider Trade Summary

Grant/Award: 127.7547 shares

Grant/Award 5 txns

Insider Holland Noel R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	127.7547	$11.62	$1K
holding	Stock Options (right to buy) F3	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 29,817.9802 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 dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.
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 dividend units acquired: 127.7547 units at $11.62 per unit Indirect units in Stock-Based Deferral Plan: 29,817.9802 units Directly held common stock: 80,797 shares +4 more

7 metrics

Phantom stock dividend units acquired 127.7547 units at $11.62 per unit Grant/award acquisition on August 26, 2026 under Stock Based Deferral Plan

Indirect units in Stock-Based Deferral Plan 29,817.9802 units Total units following transaction on August 26, 2026

Directly held common stock 80,797 shares Direct ownership following reported holdings update

Indirect common stock via SEP-IRA 109,316 shares Indirect ownership through SEP-IRA following holdings update

Indirect common stock via Stock Award V 6,494 shares Indirect ownership via Stock Award V, vesting in one year on March 12, 2027

Stock option exercise price $7.10 per share Options on 183,246 underlying CLBK shares, expiring July 23, 2029

Underlying shares for stock options 183,246 shares Fully vested and exercisable options under 2019 Equity Incentive Plan

Key Terms

phantom stock dividends, Stock-Based Deferral Plan, 2019 Equity Incentive Plan, fully vested and exercisable, +1 more

5 terms

phantom stock dividends financial

"Represents phantom stock dividends which are exempt under Rule 16b-3"

Stock-Based Deferral Plan financial

"in connection with the Columbia Bank Stock Based Deferral Plan"

2019 Equity Incentive Plan financial

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

fully vested and exercisable financial

"Stock Options ... are fully vested and exercisable"

Rule 16b-3 regulatory

"phantom stock dividends which are exempt under Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

FAQ

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

What insider transaction did CLBK director Noel R. Holland report?

Noel R. Holland reported an automatic acquisition of 127.7547 phantom stock dividend units tied to Columbia Financial, Inc. common stock on August 26, 2026, under the Columbia Bank Stock Based Deferral Plan, at a reference value of $11.62 per unit.

How many CLBK shares or units does Noel R. Holland hold after this Form 4?

After the reported transaction, Noel R. Holland holds 29,817.9802 units in the stock-based deferral plan, 80,797 directly held CLBK common shares, 109,316 shares indirectly via a SEP-IRA, and 6,494 shares indirectly via Stock Award V.

What stock options on CLBK does Noel R. Holland report holding?

Noel R. Holland reports fully vested stock options on 183,246 CLBK common shares with an exercise price of $7.10 per share, expiring on July 23, 2029, granted under the Columbia Financial, Inc. 2019 Equity Incentive Plan.

Was the CLBK insider transaction a purchase or sale on the market?

The filing shows a grant/award acquisition of phantom stock dividends under a stock-based deferral plan, coded as an acquisition (A). It does not report any market purchase or sale of CLBK shares on that date.

Are Noel R. Holland’s CLBK stock options currently exercisable?

Yes. A footnote states the stock options on 183,246 CLBK underlying shares are fully vested and exercisable, with an exercise price of $7.10 per share and an expiration date of July 23, 2029.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/28/2026 - 02:20 PM EDT Accepted by SEC EDGAR 08/28/2026 - 02:20 PM EDT 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)
08/26/2026

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	08/26/2026		A		127.7547(1)	A	$11.62	29,817.9802	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 dividends which are exempt under Rule 16b-3 in connection with the Columbia Bank Stock Based Deferral Plan.

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	08/28/2026
	** 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)