Form 4: California BanCorp Executive Transfers Shares to Living Trust

Thomas G. Dolan, EVP/Bancorp CFO/CSO of California BanCorp, transferred 29,504 shares of common stock to his living trust on December 6, 2024.

Summary

• Thomas G. Dolan, an executive at California BanCorp, transferred 29,504 shares of common stock to his living trust on December 6, 2024.
• The transfer did not involve a sale, as the price per share was $0.00.
• Following the transaction, Mr. Dolan directly owns 61,473 shares and indirectly owns 227,119 shares through his living trust.
• The total number of shares beneficially owned by Mr. Dolan remains unchanged at 288,592.

Sentiment

Score: 5

Explanation: The document reflects a neutral transaction, a routine transfer of shares for personal asset management, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for an executive to manage their personal assets and does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Executive share transfers to personal trusts are common practice across the financial industry for estate planning and asset management.
• Similar transactions are regularly reported by executives at comparable financial institutions, such as regional banks and financial services companies.
• These types of transactions do not typically impact the company's stock price or financial performance.

Stakeholder Impact

• This transaction is unlikely to have any significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

California BanCorp, BCAL, Thomas G. Dolan, share transfer, living trust, insider transaction, beneficial ownership