Form 4: California BanCorp Executive Michelle Wirfel Disposes of Shares to Cover Tax Obligations

EVP and Chief Operating Officer of California BanCorp, Michelle Wirfel, disposed of 458 shares of common stock on February 14, 2025, to cover tax liabilities arising from the vesting of a previously granted award.

Summary

• Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 458 shares of common stock on February 14, 2025.
• The transaction was executed to satisfy the reporting person's tax liability related to the vesting of a previously granted award.
• The shares were disposed of at a price of $16.35 per share.
• Following the transaction, Wirfel directly owns 78,796 shares of California BanCorp common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction appears to be a standard tax-related disposal of shares.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Section 16, California BanCorp, BCAL, Michelle Wirfel, Share Disposal, Tax Liability, EVP, Chief Operating Officer