Board member at Banc of California (NYSE: BANC) receives 4,780-share RSU grant

Rhea-AI Filing Summary

BANC OF CALIFORNIA, INC. director Susan E. Lester received a grant of 4,780 shares of common stock in the form of restricted stock units as consideration for her service on the Board of Directors. The RSUs will vest, and shares will be issued in full, on the one-year anniversary of the grant date.

After this award, she is reported as holding a total of 53,264 shares of the company’s common stock, which includes 226 shares acquired through the issuer’s Dividend Reinvestment Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LESTER SUSAN E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,780	$0.00	--

Holdings After Transaction: Common Stock — 53,264 shares (Direct, null)

Footnotes (1)

1. Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for her service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date. Amount reported includes 226 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan.

Key Figures

RSU grant size: 4,780 shares Grant price per share: $0.0000 per share Post-transaction holdings: 53,264 shares +2 more

5 metrics

RSU grant size 4,780 shares Restricted stock units granted on May 6, 2026

Grant price per share $0.0000 per share Recorded transaction price for RSU award

Post-transaction holdings 53,264 shares Total common stock reported following the transaction

Dividend reinvestment shares 226 shares Common stock acquired via Dividend Reinvestment Plan

Transaction direction acquire Grant, award, or other acquisition of common stock

Key Terms

restricted stock units, Dividend Reinvestment Plan, Board of Directors, grant date

4 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend Reinvestment Plan financial

"includes 226 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Board of Directors financial

"issued to the Reporting Person as consideration for her service on the Issuer's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

grant date financial

"vesting, which is scheduled to occur on the one-year anniversary of the grant date"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LESTER SUSAN E

(Last) (First) (Middle)

C/O BANC OF CALIFORNIA, INC.

3 MACARTHUR PLACE

(Street)

SANTA ANA CALIFORNIA 92707

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BANC OF CALIFORNIA, INC. [ BANC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/06/2026		A(1)		4,780	A	$0.00	53,264(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for her service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date.

2. Amount reported includes 226 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Susan E Lester	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BANC (Banc of California) report for Susan E. Lester?

Banc of California reported that director Susan E. Lester received 4,780 restricted stock units as common stock. The grant was issued as consideration for her service on the Board of Directors and is structured to vest in full on the one-year anniversary of the grant date.

How many Banc of California shares does Susan E. Lester hold after this Form 4 filing?

Following the award, Susan E. Lester is reported as holding 53,264 shares of Banc of California common stock. This total includes 226 shares that were acquired through the company’s Dividend Reinvestment Plan, in addition to the newly granted restricted stock units.

What are the vesting terms of Susan E. Lester’s 4,780 Banc of California RSUs?

The 4,780 restricted stock units granted to Susan E. Lester will vest in full on the one-year anniversary of the grant date. Upon vesting, all associated shares of Banc of California common stock will be issued to her, reflecting compensation for Board service.

Was there a purchase price for Susan E. Lester’s Banc of California RSU grant?

The restricted stock unit grant to Susan E. Lester is recorded at a transaction price of 0.0000 per share. This indicates the RSUs were awarded as compensation for her role on the Board of Directors, rather than acquired through an open-market cash purchase.

How were dividend reinvestments reflected in Susan E. Lester’s Banc of California holdings?

Susan E. Lester’s reported holdings include 226 Banc of California common shares acquired through the Dividend Reinvestment Plan. This plan automatically reinvests dividends into additional shares, modestly increasing her position alongside the new restricted stock unit grant reported in this filing.