OceanFirst Financial (NASDAQ: OCFC) director Grassi files Form 3 showing zero shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Director Louis C. Grassi filed an initial Form 3 for OceanFirst Financial Corp, reporting his status as a director of the company. The filing lists his direct holdings of Common Stock as zero, with total shares following the reported position shown as 0.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRASSI LOUIS C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
Key Figures
Total shares following position: 0 shares
Holding entries: 1 entry
Unknown transaction records: 1 record
3 metrics
Total shares following position
0 shares
Common Stock direct holdings reported in Form 3
Holding entries
1 entry
Transaction summary holdingEntries count
Unknown transaction records
1 record
Transaction summary unknownCount
Key Terms
Form 3, Common Stock, reporting person, transaction code, +1 more
5 terms
Form 3 regulatory
"INSIDER FILING DATA (Form 3)"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
reporting person regulatory
""reportingPersons": [{"name": "GRASSI LOUIS C""
transaction code regulatory
""transaction_code": "", "transaction_code_description": "Unknown transaction code""
beneficial ownership regulatory
"this Form 3 serves as his initial beneficial ownership statement"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does the OCFC Form 3 filed by Louis C. Grassi report?
The Form 3 for OCEANFIRST FINANCIAL CORP (OCFC) shows director Louis C. Grassi as a reporting person and lists his direct holdings of Common Stock at 0 shares, establishing his initial ownership position.
What is Louis C. Grassi’s role at OceanFirst Financial Corp (OCFC)?
The filing identifies Louis C. Grassi as a director of OceanFirst Financial Corp. He is not listed as an officer or a 10% owner, and this Form 3 serves as his initial beneficial ownership statement.
Does the OCFC Form 3 show any insider buying or selling activity?
The Form 3 does not report any buy or sell transactions. It classifies the entry as a holding record with an unknown transaction code and shows zero shares, functioning purely as an initial ownership disclosure.
What security class is covered in Louis C. Grassi’s OCFC Form 3?
The filing covers Common Stock of OceanFirst Financial Corp. For this security class, the Form 3 shows total shares following the reported position as 0, indicating no direct holdings by the reporting director.