Form 4: California BanCorp CFO Disposes Shares for Tax Obligations
Insider Transaction Report
California BanCorp's Chief Financial Officer, Jean Carandang, reported the disposition of 1,181 shares of common stock to cover tax liabilities arising from a vested award.
Summary
- Jean Carandang, Chief Financial Officer of California BanCorp (BCAL), reported a transaction on June 8, 2025, involving the company's common stock.
- The transaction was a disposition of 1,181 shares of common stock at a price of $14.77 per share.
- This disposition was made to satisfy the reporting person's tax liability resulting from the vesting of a previously granted equity award.
- Following this transaction, Ms. Carandang directly beneficially owns 41,990 shares and indirectly owns 8,000 shares through an IRA.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary insider transaction related to tax obligations from equity compensation, which is neutral in sentiment for the company's operational or financial performance.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary sale for tax purposes related to equity compensation, not a reflection of management's view on the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/08/2025 | Date of transaction (disposition of shares) |
| 06/11/2025 | Date of Form 4 filing |
Keywords
California BanCorp, BCAL, Form 4, SEC Filing, Insider Transaction, Stock Disposition, CFO, Equity Compensation, Tax Liability
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