FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lebel Joseph III
2. Issuer Name and Ticker or Trading Symbol

OCEANFIRST FINANCIAL CORP [ OCFC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and COO
(Last)          (First)          (Middle)

110 WEST FRONT STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

5/4/2023
(Street)

RED BANK, NJ 07701
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Redeemable Preferred Stock (1)5/4/2023  P  1000 A$19 4000 D  
Common Stock         213724 D (2) 
Common Stock         11876 I By ESOP (3)
Common Stock         11402 I By 401(k) (3)
Common Stock         783 I By Spouse 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) $14.55           6/17/2014 6/17/2023 Common Stock 11250.0  11250 D  
Stock Option (right to buy) $17.75           3/1/2015 3/19/2024 Common Stock 4875.0  4875 D  
Stock Option (right to buy) $17.37           3/1/2016 3/18/2025 Common Stock 30000.0  30000 D  
Stock Option (right to buy) $17.28           3/1/2017 3/16/2026 Common Stock 37500.0  37500 D  
Stock Option (right to buy) $29.01           3/15/2018 3/15/2027 Common Stock 45000.0  45000 D  
Stock Option (right to buy) $27.4           3/1/2019 1/24/2028 Common Stock 15485.0  15485 D  
Stock Option (right to buy) $25.2           3/1/2020 3/1/2029 Common Stock 100670.0  100670 D (4) 
Stock Option (right to buy) $20.44           3/1/2021 2/28/2030 Common Stock 153585.0  153585 D (4) 

Explanation of Responses:
(1) The actual title of this share class is "Depository shares, each representing a 1/40th Interest in a share of its 7.00 % Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share".
(2) Total includes shares of restricted Common stock that have not yet vested.
(3) This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
(4) Options vest in five equal annual installments beginning on the date first exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lebel Joseph III
110 WEST FRONT STREET
RED BANK, NJ 07701
X
President and COO

Signatures
/s/ Steven J. Tsimbinos, Power of Attorney5/8/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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