OCEANFIRST FINANCIAL CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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Jun 30, 2025 · Filed Aug 4, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Purchases of Equity Securities
On June 25, 2021, the Company announced the authorization by the Board of Directors to repurchase up to 5% of the Company’s outstanding common stock, or 3.0 million shares. On July 16, 2025, the Company announced its Board of Directors authorized a 2025 Stock Repurchase Program to repurchase up to an additional 3.0 million shares. The stock repurchase plans have no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the plan at any time. The Company repurchased 1,002,579 shares of its common stock during the three month period ended June 30, 2025. At June 30, 2025, there were 226,284 shares available for repurchase under the Company’s stock repurchase program.
| Total Number ofShares Purchased | Average Price Paid per Share | Total Number ofShares Purchased as Part of Publicly Announced Plan or Program | Maximum Numberof Shares that MayYet Be PurchasedUnder the Plan orProgram | |
|---|---|---|---|---|
| April 1, 2025 through April 30, 2025 | — | $— | — | 1,228,863 |
| May 1, 2025 through May 31, 2025 | 535,263 | 17.33 | 535,263 | 693,600 |
| June 1, 2025 through June 30, 2025 | 467,316 | 16.96 | 467,316 | 226,284 |
For the three months ended June 30, 2025, 971 shares were repurchased outside of the Company’s stock repurchase program at an average share price of $17.00. The Company repurchased these shares from employees that elected to exercise vested stock options. These shares were repurchased pursuant to the terms of the applicable plan and not under the Company’s share repurchase program.
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