OceanFirst director sells 113,630 shares at $19.4
OceanFirst Financial Corp director John R. Buran amended his Form 4 to show a 113,630‑share 401(k) sale and a corrected direct holding of 78,292 shares.
Rhea-AI Filing Summary
OCEANFIRST FINANCIAL CORP (OCFC) director John R. Buran reported an amended Form 4 showing the sale of 113,630 shares of common stock on August 7, 2026 at $19.4036 per share, held indirectly through a 401(k) Plan and sold to facilitate a rollover of plan assets. After this transaction the 401(k) Plan position is reported as zero shares, and the amendment also corrects Mr. Buran’s directly owned holdings to 78,292 shares as of that date. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Net Seller: 113,630 shares
Net Sell
2 txns
Insider
BURAN JOHN R
Role
Director
Sold
113,630 shs ($2.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 113,630 | $19.4036 | $2.20M |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By 401(k) Plan);
Common Stock — 78,292 shares (Direct)
Footnotes (3)
- F1. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F2. Shares sold to facilitate rollover of assets from 401(k) Plan
- F3. This Amendment is being filed to correct the number of directly-owned shares held by Mr. Buran at the time of the transaction.
Key Figures
Shares sold: 113,630 shares
Sale price per share: $19.4036 per share
Indirect holdings after transaction: 0 shares
+2 more
5 metrics
Shares sold
113,630 shares
Common stock sold indirectly through 401(k) Plan on August 7, 2026
Sale price per share
$19.4036 per share
Price for the 113,630 shares of common stock sold on August 7, 2026
Indirect holdings after transaction
0 shares
Common stock held indirectly via 401(k) Plan after August 7, 2026 sale
Direct holdings after transaction
78,292 shares
Corrected directly owned common stock as of August 7, 2026
Net shares sold
113,630 shares
Net buy/sell activity across reported non-derivative transactions
Key Terms
Rule 16b-3(c), beneficial ownership, 401(k) Plan
3 terms
Rule 16b-3(c) regulatory
"exempt acquisitions pursuant to Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
beneficial ownership financial
"reflects increases in beneficial ownership resulting from exempt acquisitions"
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.
401(k) Plan financial
"Shares sold to facilitate rollover of assets from 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OCFC director John R. Buran report in this amended Form 4?
He reported a sale of 113,630 shares of OceanFirst Financial Corp common stock on August 7, 2026, at $19.4036 per share, from shares held indirectly through a 401(k) Plan and sold to facilitate a rollover of plan assets.
What happened to John R. Buran’s indirect OCFC holdings in the 401(k) Plan?
The Form 4/A reports that 113,630 shares of OceanFirst Financial Corp common stock held indirectly by a 401(k) Plan were sold on August 7, 2026, to facilitate a rollover of plan assets, leaving zero shares reported as held through that plan after the transaction.
Was a Rule 10b5-1 trading plan involved in John R. Buran’s OCFC stock sale?
No. The Form 4/A indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the 113,630‑share sale in OceanFirst Financial Corp stock was made pursuant to a Rule 10b5-1 trading plan.
What do the footnotes say about the OCFC Form 4/A filed for John R. Buran?
One footnote states the form reflects increases in beneficial ownership from exempt acquisitions under Rule 16b-3(c), another explains that shares were sold to facilitate a 401(k) Plan rollover, and a third notes the amendment corrects the number of directly owned shares.
What is the net effect of the reported OCFC transactions on John R. Buran’s holdings?
The reported net effect is a sale of 113,630 shares from a 401(k) Plan position, reducing that indirect holding to zero shares, while his corrected directly owned position is listed as 78,292 shares of OceanFirst Financial Corp common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
