Russell Index Changes Share Inc: OCFC, Delete: FFIC

Research evidence excerpt

Russell Index Changes Share Inc: OCFC, Delete: FFIC

US Index Update

Global Quantitative and Derivatives Strategy Team Min Moon

Week of May 25, 2026 As of May 28, 2026 (Close) g +1 (212) 272 ,8456 min.k.moon@jpmorgan.comg

Monday, June 1, 2026

• R2000 OceanFirst Financial Corp (OCFC; R2, R25, RS, V, DF) will acquire Flushing Financial Corp for stock. In the transaction, each share of Flushing Financial Corp will be exchanged for 0.85 shares of OceanFirst Financial Corp.

The merger was approved at both companies' shareholder meetings on April 2, 2026. Flushing Financial Corp will be removed from the FTSE Russell Indexes upon completion of the merger. The style probabilities are expected

to remain constant at 0% growth and 100% value and the stability probabilities are expected to change to 28.5% dynamic and 71.5% defensive.

Shares Out (M) Indexer Flows S&P Index

Index Announcement Effective on Current New Weight Days to

Event Date Close of Ticker Name (Sector**) Event Detail Last Price Wgt Wgt Change Gross Net Trade Old New Shares Shares Rank IWF

(M) (M)

S&P 500 Add 27-May-26 29-May-26 FDXF FedExFreight Holding Spin-off $ 185.00 0.00 117.56 0.000% 0.032% 0.032% 0.00 0.92

S&P 500 Delete 27-May-26 1-Jun-26 EPAM Epam Systems Inc (IT) Moving to S&P 600 $ 101.43 55.24 0.00 0.008% 0.000% -0.008% -6.58 1.09 0.57 499.00 1.00

S&P 600 S Inc 27-May-26 29-May-26 MBC Masterbrand (ID) Acquiring AMWD $ 9.08 126.78 201.81 0.055% 0.087% 0.033% 418.00 1.00

S&P 600 Delete 27-May-26 29-May-26 AMWD Amer Woodmark Co (ID) Acquired $ 48.09 14.57 0.00 0.032% 0.000% -0.032% 583.00 1.00

S&P 600 Add 27-May-26 29-May-26 DAVE Dave Inc (FN) Replacing AMWD $ 268.82 0.00 12.19 0.000% 0.180% 0.180% 1.21 1.21 2.61 0.00 0.91