4/A: Director Amends BCAL Ownership Disclosure
Insider Ownership Amendment
California BanCorp director David J. Volk amended a Form 4 filing to disclaim beneficial ownership of over 2.3 million shares.
Summary
- David J. Volk, a director and 10% owner of California BanCorp (BCAL), filed an amendment (Form 4/A) to a previously submitted Form 4.
- The amendment clarifies that Volk disclaims beneficial ownership of 2,346,104 shares of common stock previously reported as owned by Castle Creek Capital Partners VI, LP ("Fund VI").
- Volk also disclaims beneficial ownership of 3,725 shares belonging to Castle Creek Advisor IV LLC.
- He states that he was not the beneficial owner of these shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- The original Form 4 was filed on February 5, 2026, and this amendment was signed on February 10, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, primarily a technical correction to a previous ownership disclosure, with no direct operational or financial implications for California BanCorp.
Future Outlook
NA
Management Comments
- The reporting person was not the beneficial owner of the Fund VI Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose and expressly disclaims such beneficial ownership.
Industry Context
StockSavvy.ai notes that Form 4/A filings are common for correcting or clarifying insider ownership disclosures, ensuring compliance with Section 16 reporting requirements. This specific amendment clarifies the beneficial ownership structure related to a director and investment funds, which is a routine aspect of corporate governance transparency.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Beneficial Ownership Clarification | Amendment to clarify beneficial ownership of shares by a director, disclaiming ownership of 2,346,104 shares held by Castle Creek Capital Partners VI, LP and 3,725 shares by Castle Creek Advisor IV LLC. | 01/28/2026 | Enhances transparency regarding director's indirect holdings and compliance with Section 16 reporting. |
Related Party Transactions
- David J. Volk, a managing principal of Castle Creek Capital VI LLC (general partner of Fund VI), disclaimed beneficial ownership of shares previously reported as held by Fund VI and Castle Creek Advisor IV LLC.
Stakeholder Impact
- Shareholders: Provides clearer understanding of director's direct and indirect beneficial ownership, enhancing transparency.
Key Dates
| Date | Description |
|---|---|
| 01/28/2026 | Date Fund VI no longer owned shares of the Issuer's common stock, and the transaction date for the shares being disclaimed. |
| 02/03/2026 | Date of earliest transaction listed in the filing. |
| 02/05/2026 | Date of original Form 4 filing. |
| 02/10/2026 | Date of amendment filing (signature date). |
Keywords
California BanCorp, BCAL, Form 4/A, Insider Trading, Beneficial Ownership, Director, SEC Filing, Stock Ownership, Castle Creek Capital
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