<SEC-DOCUMENT>0001567619-22-016847.txt : 20220830
<SEC-HEADER>0001567619-22-016847.hdr.sgml : 20220830
<ACCEPTANCE-DATETIME>20220830171616
ACCESSION NUMBER:		0001567619-22-016847
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220826
FILED AS OF DATE:		20220830
DATE AS OF CHANGE:		20220830

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Goldstein Robert Thomas
		CENTRAL INDEX KEY:			0001872785

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40619
		FILM NUMBER:		221215375

	MAIL ADDRESS:	
		STREET 1:		19 PARK AVENUE
		CITY:			RUTHERFORD
		STATE:			NJ
		ZIP:			07070

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blue Foundry Bancorp
		CENTRAL INDEX KEY:			0001846017
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				862831373
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		19 PARK AVENUE
		CITY:			RUTHERFORD
		STATE:			NJ
		ZIP:			07070
		BUSINESS PHONE:		201-939-6600

	MAIL ADDRESS:	
		STREET 1:		19 PARK AVENUE
		CITY:			RUTHERFORD
		STATE:			NJ
		ZIP:			07070
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2022-08-26</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001846017</issuerCik>
        <issuerName>Blue Foundry Bancorp</issuerName>
        <issuerTradingSymbol>BLFY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001872785</rptOwnerCik>
            <rptOwnerName>Goldstein Robert Thomas</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>19 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RUTHERFORD</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07070</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2022-08-26</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>42783</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>42783</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>27887</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By 401(k) plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.54</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2022-08-26</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>106959</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2023-08-26</value>
            </exerciseDate>
            <expirationDate>
                <value>2032-08-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>106959</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>106959</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Shares of restricted stock vest at a rate of 20% per year commencing on August 26, 2023.</footnote>
        <footnote id="F2">Stock options vest at a rate of 20% per year commencing on August 26, 2023.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Zachary Davis, pursuant to Power of Attorney</signatureName>
        <signatureDate>2022-08-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poa_goldstein.htm
<TEXT>
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  <head>
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  <div>
    <div>
      <div style="text-align: center;"><u>POWER OF ATTORNEY</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">I, Robert T. Goldstein, a Director of Blue Foundry Bancorp (the &#8220;Corporation&#8221;), hereby authorize and designate James D. Nesci, Matthew
        McGoey, Elyse D. Beidner, Kelly Anne Pecoraro, Alexander Agnoletto, Ann Marie Jetton, and John J. Gorman, Marc P. Levy, Zachary Davis and Kari Ritter, of the law firm of Luse Gorman, PC, as my agent and attorney-in-fact, each with full power of
        substitution and signing singly, to:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>prepare and sign on my behalf any Form ID, Form 3, Form 4 or Form 5 under Section 16 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), with respect to
          the Corporation&#8217;s securities and file the same with the Securities and Exchange Commission (the &#8220;SEC&#8221;) and each stock exchange on which the Corporation&#8217;s stock is listed;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>prepare and sign on my behalf any Form 144 Notice of Proposed Sale of Securities, under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), with respect to a sale
          by me or on my behalf of the Corporation&#8217;s securities and file the same with the SEC; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or
          legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as
          such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing
        whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or
        revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.
        The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigned&#8217;s responsibilities to comply with Section 16
        of the Exchange Act and Rule 144 of the Securities Act.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the
        undersigned&#8217;s holdings of and transactions in securities issued by the Corporation, unless earlier revoked by the undersigned in a signed and dated writing delivered to each of the foregoing attorneys-in-fact or by a new power of attorney regarding
        the purposes outlined herein dated as of a later date.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>Dated: <font style="font-family: 'Times New Roman',Times,serif;">August 29</font>,
                2022 <br>
              </div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div><font style="font-size: 12pt;">&#160;<u>/s/ </u></font><u>Robert T. Goldstein</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div>Robert T. Goldstein</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
    </div>
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</TEXT>
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</SEC-DOCUMENT>
