4/A: Banc of California Director Amends Stock Gift Disclosure

Banc of California Director Richard J Lashley filed an amended Form 4 to include shares gifted to his spouse, correcting an earlier omission.

Summary

• Richard J Lashley, a Director of Banc of California, Inc. (BANC), filed an amended Form 4/A on September 18, 2025.
• This amendment corrects an inadvertent exclusion from the original Form 4 filed on September 17, 2025.
• The filing discloses a bona fide gift of 29,825 shares of Common Stock from Mr. Lashley to his spouse for no consideration on September 17, 2025.
• Following this transaction, Mr. Lashley directly beneficially owns 35,708 shares of Common Stock.
• His spouse indirectly beneficially owns 29,825 shares of Common Stock.
• Mr. Lashley also indirectly beneficially owns 668,939 shares of Common Stock and 10,000 Depositary Shares of Series F Preferred Stock through Goodbody/PL Capital, LLC.
• Additionally, he indirectly beneficially owns 2,280,280 shares of Common Stock through PL Capital, LLC.
• He also indirectly beneficially owns 10,000 shares of Common Stock through his ROTH IRA.
• Mr. Lashley disclaims beneficial ownership of securities held by the limited partnerships (Goodbody/PL Capital, LLC and PL Capital, LLC) except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This filing is a routine amendment to an insider transaction disclosure, specifically a gift of shares, and does not contain information that would typically alter the company's financial outlook or operational performance.

Industry Context

This filing is a routine insider transaction disclosure and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• A bona fide gift of 29,825 shares of Common Stock from Richard J Lashley to his spouse for no consideration.
• Indirect beneficial ownership through Goodbody/PL Capital, LLC and PL Capital, LLC, where Mr. Lashley holds a 50% equity interest and is a Managing Member. He disclaims beneficial ownership beyond his pecuniary interest.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a disclosure of a personal transaction by a director, not a corporate event affecting company fundamentals.
• Regulatory bodies: Ensures compliance with Section 16(a) of the Securities Exchange Act of 1934 regarding insider trading disclosures.

Key Dates

Keywords

Banc of California, BANC, Richard J Lashley, Form 4/A, insider transaction, beneficial ownership, common stock, gift, director, SEC filing