Warburg Pincus files Rule 144 to sell 3.92M BANC shares

Warburg Pincus LLC reported the proposed sale of 3,917,436 shares of Common Stock of the issuer (BANC) under Rule 144, through J.P.

Rhea-AI Filing Summary

Warburg Pincus LLC reported the proposed sale of 3,917,436 shares of Common Stock of the issuer (BANC) under Rule 144, through J.P. Morgan Securities LLC, with an effective date of 05/26/2026. The filing also shows that 2,640,244 shares were sold on 05/07/2026 for $49,927,014.04. The excerpt lists 153,724,787 shares outstanding as of 05/26/2026.

Insights

Corporate Transactions Analyst

Rule 144 notice for large private-holder disposition; prior recent sales visible.

The filing lists a proposed sale of 3,917,436 shares via J.P. Morgan Securities LLC with an effective date of 05/26/2026. The excerpt also records a prior sale of 2,640,244 shares on 05/07/2026 for $49,927,014.04.

Cash‑flow treatment and whether proceeds go to the holder are not specified in the excerpt; subsequent filings or trade reports will show executed volumes and price details.

Key Figures

Planned sale: 3,917,436 shares Reported value alongside planned sale: $75,018,899.40 Recent sales (past 3 months): 2,640,244 shares +2 more

5 metrics

Planned sale 3,917,436 shares listed with effective date 05/26/2026

Reported value alongside planned sale $75,018,899.40 appears on the same line as 3,917,436 shares (05/26/2026)

Recent sales (past 3 months) 2,640,244 shares sold on 05/07/2026 by Warburg Pincus LLC

Proceeds from recent sale $49,927,014.04 proceeds reported for 2,640,244 shares on 05/07/2026

Shares outstanding 153,724,787 shares listed as of 05/26/2026

Key Terms

Rule 144, Merger Consideration, Securities Sold During The Past 3 Months

3 terms

Rule 144 regulatory

"reported sale of 3,917,436 shares under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Merger Consideration financial

"Securities acquired in a merger | Merger Consideration"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

Securities Sold During The Past 3 Months market

"Securities Sold During The Past 3 Months | 05/07/2026 | 2,640,244"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed for BANC mean?

It notifies the SEC of an intended sale of restricted or control stock by a holder. The excerpt shows a proposed sale of 3,917,436 shares dated 05/26/2026, which signals a planned disposition under Rule 144.

How many BANC shares were sold recently by the holder?

The filing shows 2,640,244 shares sold on 05/07/2026. The reported proceeds for that sale were $49,927,014.04, as stated in the excerpt.

Who is handling the planned BANC share sale?

The excerpt lists J.P. Morgan Securities LLC as the broker-dealer handling the transaction with an effective date of 05/26/2026, per the filing lines provided.

Does the filing state how many BANC shares are outstanding?

Yes; the excerpt lists 153,724,787 shares outstanding as of 05/26/2026. That figure appears on the same cover/summary line in the provided content.

Are the proceeds from the planned sale disclosed?

The excerpt shows an amount of $75,018,899.40 on the same line as 3,917,436 shares, which appears to be the value reported alongside that quantity in the filing excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 07:54 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001162870
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Banc of California, Inc.
SEC File Number	001-35522
Address of Issuer	3 MACARTHUR PLACE Santa Ana CALIFORNIA 92707
Phone	855-361-2262
Name of Person for Whose Account the Securities are To Be Sold	Warburg Pincus LLC
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Affiliate

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 383 Madison Avenue New York NY 10179	3917436	75018899.40	153724787	05/26/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	11/30/2023	Securities acquired in a merger	Issuer			3917436	11/30/2023	Merger Consideration

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Warburg Pincus LLC 450 Lexington Ave New York NY 10017	Common Stock	05/07/2026	2640244	49927014.04

144: Remarks and Signature

Remarks	(1) Warburg Pincus LLC serves as the investment manager to certain fund entities (the "Sellers") which sold shares covered by this Form 144.
Date of Notice	05/26/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ David Sreter
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)