OceanFirst Financial (OCFC) director sells 113,463 shares from 401(k) Plan
Rhea-AI Filing Summary
OceanFirst Financial Corp. director John R. Buran reported selling 113,463 shares of common stock on August 7, 2026 at $19.4036 per share from a 401(k) Plan, leaving no indirect plan holdings. A separate entry shows 113,329 shares held directly after these transactions, and a footnote describes related exempt acquisitions under Rule 16b-3(c).
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Insights
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Insider Trade Summary
Net Seller: 113,463 shares
Net Sell
2 txns
Insider
BURAN JOHN R
Role
Director
Sold
113,463 shs ($2.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 113,463 | $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 (2)
- 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.
Key Figures
Shares sold: 113,463 shares
Sale price per share: $19.4036
Direct holdings after transaction: 113,329 shares
+2 more
5 metrics
Shares sold
113,463 shares
Common stock sale on August 7, 2026 from 401(k) Plan
Sale price per share
$19.4036
Per-share price for the 113,463-share common stock sale
Direct holdings after transaction
113,329 shares
Common stock held directly by John R. Buran after reported transactions
Indirect 401(k) holdings after transaction
0 shares
Common stock held indirectly via 401(k) Plan following the sale
Net shares sold
113,463 shares
Net sell activity across reported transactions in this Form 4
Key Terms
Rule 16b-3(c), beneficial ownership, 401(k) Plan
3 terms
Rule 16b-3(c) regulatory
"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
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did OCFC director John R. Buran report?
John R. Buran reported a sale of 113,463 OCFC common shares on August 7, 2026 at $19.4036 per share, executed from a 401(k) Plan account to facilitate a rollover of assets.
Does the OCFC Form 4 mention Rule 16b-3(c) exempt acquisitions?
Yes. A footnote explains that the form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c), providing context for changes in reported holdings.