OceanFirst Financial (OCFC) director’s 401(k) sells 113,630 shares in corrected filing
Rhea-AI Filing Summary
OceanFirst Financial Corp. director John R. Buran reported an amended insider trade. On 2026-08-07, a 401(k) Plan associated with him sold 113,630 shares of Common Stock at $19.4036 per share, with the sale described as facilitating a rollover of assets from the 401(k) Plan. The amendment states it corrects the previously reported number of securities sold and notes that the form also reflects increases in beneficial ownership from exempt acquisitions under Rule 16b-3(c). Following the reported transactions, Buran is shown with 113,329 shares held directly.
Positive
- None.
Negative
- None.
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, F3 | 113,630 | $19.4036 | $2.20M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By 401(k) Plan);
Common Stock — 113,329 shares (Direct)
Footnotes (3)
- F1. This Amendment is being filed to correct the number of securities sold by Mr. Buran.
- F2. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F3. Shares sold to facilitate rollover of assets from 401(k) Plan.
Key Figures
Shares sold: 113,630 shares
Sale price: $19.4036 per share
Direct holdings after transaction: 113,329 shares
3 metrics
Shares sold
113,630 shares
Common Stock sold on 2026-08-07 by 401(k) Plan associated with John R. Buran
Sale price
$19.4036 per share
Price per share for 113,630 Common Stock shares sold on 2026-08-07
Direct holdings after transaction
113,329 shares
Total Common Stock held directly by John R. Buran following the reported transactions
Key Terms
Rule 16b-3(c), beneficial ownership, 401(k) Plan
3 terms
Rule 16b-3(c) regulatory
"This form reflects increases in beneficial ownership resulting from 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
"This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c)."
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
What insider transaction did OCFC director John R. Buran report in this Form 4/A?
John R. Buran reported that a 401(k) Plan associated with him sold 113,630 shares of OceanFirst Financial Corp. Common Stock at $19.4036 per share on 2026-08-07. The sale is described as facilitating a rollover of assets from the 401(k) Plan.
Why was this Form 4/A for OCEANFIRST FINANCIAL CORP (OCFC) filed as an amendment?
The Form 4/A was filed to correct the number of securities sold by John R. Buran. A footnote explains that the amendment is specifically being filed to correct the previously reported number of shares involved in the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
