Form 4: California BanCorp EVP Thomas Dolan Reports Acquisition of Common Stock

Thomas Dolan, EVP/Bancorp CFO/CSO of California BanCorp, reports the acquisition of 1,868 shares of common stock and holds a total of 63,341 directly and 227,119 indirectly through a living trust.

Summary

• On March 3, 2025, Thomas G. Dolan, EVP/Bancorp CFO/CSO of California BanCorp, acquired 1,868 shares of common stock.
• The acquisition was a grant of restricted stock units at a price of $0.00.
• Following the transaction, Dolan directly owns 63,341 shares of common stock.
• Dolan also indirectly owns 227,119 shares through the THOMAS G DOLAN LIVING TRUST DATED 8/9/2016.
• The restricted stock units vest annually in substantially equal installments over a two-year period beginning on March 1, 2026.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock acquisition by an executive. It suggests confidence but doesn't provide explicit positive or negative information.

Positives

• The acquisition of shares by a high-ranking executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units will vest annually in substantially equal installments over a two-year period beginning on March 1, 2026.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a key executive.

Key Dates