Form 4: California BanCorp EVP, Chief Operating Officer Michelle Wirfel Disposes Shares to Cover Tax Liability

Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 154 shares of common stock on March 19, 2025, to cover tax obligations related to vesting of a previously granted award.

Summary

• On March 19, 2025, Michelle Wirfel, the EVP and Chief Operating Officer of California BanCorp, disposed of 154 shares of common stock.
• The transaction was executed to satisfy the reporting person's tax liability resulting from the vesting of a previously granted award.
• The shares were disposed of at a price of $15.01 per share.
• Following the transaction, Wirfel beneficially owns 79,330 shares of California BanCorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale, which is common after stock awards vest.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Form 4, California BanCorp, BCAL, Michelle Wirfel, Insider Trading, Beneficial Ownership, Executive Compensation, Tax Liability, Stock Disposal