Form 4: California BanCorp Executive Richard Hernandez Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Richard Hernandez, President of California BanCorp, disposed of 1,204 shares of common stock to cover tax liabilities related to vesting of a previously granted award.
Summary
- Richard Hernandez, President of California BanCorp, reported a transaction on May 5, 2025, involving the disposal of 1,204 shares of common stock.
- The shares were disposed of to satisfy tax liabilities arising from the vesting of a previously granted award.
- The transaction was executed at a price of $14.79 per share.
- Following the transaction, Hernandez directly owns 81,836 shares and indirectly owns 20,834 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, common for corporate insiders who have stock transactions. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of stock disposal transaction. |
| 05/07/2025 | Date of signature for the report. |
Keywords
Form 4, California BanCorp, BCAL, Richard Hernandez, Stock Disposal, Tax Liability, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.