[144] Banc of California, Inc. SEC Filing

Rhea-AI Filing Summary

Banc of California (BANC) filed a Form 144 reporting a proposed public sale of 4,500,000 shares of common stock through BofA Securities, Inc. on the NYSE with an approximate sale date of 09/05/2025. The filing lists an aggregate market value of $76,455,000 and notes 147,301,051 shares outstanding. The shares were acquired on 11/30/2023 when they were converted from non-voting common equivalent stock received in a merger, and the consideration is described as merger consideration. The filer reports no securities sold during the past three months and includes the required attestation language about material non-public information and trading-plan representations.

Positive

• Proposed sale disclosure: Form 144 reports a proposed sale of 4,500,000 common shares on 09/05/2025
• Transaction details provided: Broker (BofA Securities, Inc.), exchange (NYSE), and aggregate market value $76,455,000 are stated
• Acquisition provenance: Shares were converted from non-voting common equivalent stock received in a merger on 11/30/2023
• No recent sales: The filer reports no securities sold during the past three months

Negative

• Filer identification missing in excerpt: CIK and individual name fields are not populated in the visible tables, limiting traceability from this extract

Insights

Financial Analyst

TL;DR Form 144 discloses a proposed sale of 4.5 million Banc of California shares via BofA on the NYSE with merger-originated shares.

The filing is concise and provides the core transactional details investors need to assess immediate market effects: number of shares to be sold, aggregate market value, broker, exchange, and the acquisition history of the shares indicating they originated from a merger conversion on 11/30/2023 and were treated as merger consideration. The filer also states there were no sales by the reporting person in the prior three months, which helps contextualize this planned disposal. The form does not identify the reporting individual's name or CIK within the visible fields, and it contains no commentary on any trading plan beyond the standard attestation.

Corporate Governance Expert

TL;DR The submission meets Rule 144 disclosure elements but omits some filer-identifying fields in the visible extract.

The notice documents the required facts about the securities and their origin, explicitly stating the conversion from non-voting equivalents in a merger and the nature of payment as merger consideration. It includes broker and exchange details necessary for market transparency and the standard seller attestation. The extract, however, lacks visible filer identification data (CIK/individual name) in the provided tables, which limits traceability from this excerpt alone. No material additional governance disclosures or trading-plan dates are present in the content provided.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	BofA Securities, Inc. One Bryant Park New York NY 10036	4500000	76455000	147301051	09/05/2025	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	Converted from non-voting common equivalent stock of the Issuer acquired in a merger	Issuer			4500000	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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the BANC Form 144 report?

The filing reports a proposed sale of 4,500,000 shares of Banc of California common stock through BofA Securities, Inc. on the NYSE with an approximate sale date of 09/05/2025 and aggregate market value of $76,455,000.

When and how were the shares to be sold acquired?

The shares were acquired on 11/30/2023 when they were converted from non-voting common equivalent stock received in a merger; the filing lists the payment nature as merger consideration.

Does the filing show recent sales of Banc of California shares by the reporting person?

No. The Form 144 section for securities sold during the past three months states: Nothing to Report.

Which broker and exchange are involved in the proposed sale?

The broker is listed as BofA Securities, Inc., One Bryant Park, New York, NY and the sale is to occur on the NYSE.

What is the number of Banc of California shares outstanding listed in the filing?

The filing reports 147,301,051 shares outstanding.