Michael Massood Jr. - 11 Mar 2025 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
11 Mar 2025
Net transactions value
+$48,137
Form type
4
Filing time
12 Mar 2025, 13:49:12 UTC
Previous filing
11 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLBK Common Stock Award $48,137 +3,207 $15.01 3,207 11 Mar 2025 By Stock Award IV F1
holding CLBK Common Stock 39,799 11 Mar 2025 Direct F2
holding CLBK Common Stock 21,384 11 Mar 2025 By IRA F3
holding CLBK Common Stock 35,483 11 Mar 2025 By Roth IRA 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) 83,294 11 Mar 2025 Common Stock 83,294 $15.60 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan which vest in one year on March 11, 2026.
F2 The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
F3 This Form 4 reflects that on January 28, 2025, 6,000 shares previously held indirectly by IRA were transferred to indirect ownership by ROTH IRA. This transaction is exempt from Section 16 pursuant to Rule 16a-13.
F4 Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.