Form 4: California BanCorp Director Transfers Shares to Trust

California BanCorp Director Kevin J. Cullen transferred 62,881 shares of common stock to his living trust.

Summary

• Kevin J. Cullen, a Director of California BanCorp (BCAL), reported a change in beneficial ownership.
• On December 2, 2025, 62,881 shares of common stock were transferred from direct ownership to the Kevin John Cullen Trust.
• The transaction involved a disposition of 62,881 shares directly owned and an acquisition of 62,881 shares indirectly owned through the trust, both at a price of $0.00.
• Following this transaction, Cullen directly owns 11,361 shares and indirectly owns 62,881 shares through his trust, 9,600 shares through his 401K, and 6,426 shares through his IRA.

Sentiment

Score: 5

Explanation: The filing reports an administrative transfer of shares by a director to a living trust, which is a neutral event for the company's operational or financial performance.

Positives

• No direct positive financial impact on the company's operations or stock value from this administrative transfer.

Negatives

• No direct negative financial impact on the company's operations or stock value from this administrative transfer.

Future Outlook

NA

Management Comments

• Shares transferred to the Reporting Person's living trust account.

Industry Context

This is an administrative insider transaction and does not directly reflect broader industry trends or competitive positioning.

Related Party Transactions

• Transfer of common stock by Director Kevin J. Cullen to his living trust.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is an administrative re-titling of shares by a director.

Key Dates

Recommendation

This Form 4 reports an administrative transfer of shares by a director to a living trust, not a market transaction. It does not provide new information regarding the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation.

Keywords

California BanCorp, BCAL, Kevin J. Cullen, Director, Insider Transaction, Form 4, Beneficial Ownership, Trust Transfer