Damodaram Bashyam - 16 Dec 2021 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: EVP & CIDO
Signature: /s/ Dennis E. Gibney, Power of Attorney
Issuer symbol: CLBK
Transactions as of: 16 Dec 2021
Net transactions value: -$26,879
Form type: 4
Filing time: 20 Dec 2021, 16:38:25 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Tax liability	$26,879	-1,301	-21%	$20.66	4,949	16 Dec 2021	Direct	F1
holding	CLBK	Common Stock						5,000	16 Dec 2021	By Rollover IRA
holding	CLBK	Common Stock						1,120	16 Dec 2021	By ESOP	F2
holding	CLBK	Common Stock						503	16 Dec 2021	By SERP	F2
holding	CLBK	Common Stock						29,647	16 Dec 2021	By Stock Award	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CLBK	Stock Options (right to buy)						91,503	16 Dec 2021	Common Stock	91,503	$17.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F2	This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
F3	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan, 50% of which vest in five approximately equal annual installments commencing on December 16, 2020; and the remaining 50% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards woud vest three years after the date of the Award.
F4	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five equal annual installments commencing on December 16, 2020.