Elizabeth E. Randall - 02 Dec 2022 Form 4 Insider Report for Columbia Financial, Inc. (CLBK)

Role: Director
Signature: /s/ Dennis E. Gibney, Power of Attorney
Issuer symbol: CLBK
Transactions as of: 02 Dec 2022
Net transactions value: -$122,845
Form type: 4
Filing time: 06 Dec 2022, 15:20:21 UTC
Previous filing: 08 Nov 2022
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLBK	Common Stock	Options Exercise	$235,732	+15,111	+74%	$15.60	35,668	02 Dec 2022	Direct
transaction	CLBK	Common Stock	Sale	$328,815	-15,111	-42%	$21.76	20,557	02 Dec 2022	Direct	F1
transaction	CLBK	Common Stock	Options Exercise	$89,060	+5,709	+28%	$15.60	26,266	05 Dec 2022	Direct
transaction	CLBK	Common Stock	Sale	$121,145	-5,709	-22%	$21.22	20,557	05 Dec 2022	Direct	F2
transaction	CLBK	Common Stock	Award	$2,323	+108	+2.5%	$21.60	4,445	02 Dec 2022	By Stock-Based Deferral Plan	F3
holding	CLBK	Common Stock						44,447	02 Dec 2022	By IRA
holding	CLBK	Common Stock						6,704	02 Dec 2022	By Roth IRA
holding	CLBK	Common Stock						13,616	02 Dec 2022	By Stock Award	F4

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
transaction	CLBK	Stock Options (right to buy)	Options Exercise	$0	-15,111	-18%	$0.000000	68,183	02 Dec 2022	Common Stock	15,111	$15.60	Direct	F5
transaction	CLBK	Stock Options (right to buy)	Options Exercise	$0	-5,709	-8.4%	$0.000000	62,474	05 Dec 2022	Common Stock	5,709	$15.60	Direct	F5

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $21.81, inclusive. The reporting person undertakes to provide to Columbia Financial, Inc., any security holder of Columbia Financial, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.20 to $21.30, inclusive. The reporting person undertakes to provide to Columbia Financial, Inc., any security holder of Columbia Financial, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
F3	Represents phantom stock purchased, on a non-discretionary basis, by the trustee of the Bank's rabbi trust maintained in connection with the Columbia Bank Stock Based Deferral Plan, a non-qualified stock-based deferral plan. Stock unit interests under the Columbia Bank Stock Based Deferral Plan will be settled in shares of stock upon distribution to the reporting person.
F4	Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five approximately equal annual installments commencing on July 23, 2020.
F5	Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in five approximately equal annual installments commencing on July 23, 2020.