Warburg Pincus Entities File Form 3 for OceanFirst Financial Corp Investment

Multiple Warburg Pincus entities have filed a Form 3 with the SEC disclosing their investment in OceanFirst Financial Corp (OCFC). The filing reveals that Warburg Pincus entities acquired 1,812 shares of non-voting common equivalent stock on June 1, 2026, pursuant to an Investment Agreement dated December 29, 2025. Additionally, the entities hold warrants exercisable for 11,386.64 shares of NVCE stock at $19,760 per share, with a seven-year term expiring in 2033. The warrants have specific exercise conditions including voluntary exercise after three years, or earlier if the common stock reaches $30 per share. The filing also notes that Todd Schell, a Principal in Warburg Pincus's Financial Services group, became a director of OceanFirst on June 1, 2026, giving the reporting persons director-by-deputization status for Section 16 purposes.