BANC Form 4: President Hamid Hussain Sells 40,000 Shares on Sept 2-3

Rhea-AI Filing Summary

Banc of California, Inc. officer Hamid Hussain reported two open-market sales of common stock. On 09/02/2025 he sold 20,000 shares at a weighted-average price of $16.59, leaving 66,444 shares beneficially owned afterwards. On 09/03/2025 he sold an additional 20,000 shares at a weighted-average price of $16.805, leaving 46,444 shares beneficially owned. The form is signed by an attorney-in-fact on behalf of Mr. Hussain on 09/03/2025. The filing discloses the price ranges for the multiple transactions that produced the weighted averages but contains no commentary on the reasons for the sales.

Positive

• Transparent disclosure: The Form 4 lists transaction dates, exact share amounts, weighted-average prices, and post-transaction beneficial ownership figures.

Negative

• Insider dispositions: The reporting person sold a total of 40,000 shares across two days, reducing reported beneficial ownership to 46,444 shares.
• No 10b5-1 plan disclosed: The filing does not indicate sales pursuant to a Rule 10b5-1 plan or provide rationale for the transactions.

Insights

Corporate Governance Expert

TL;DR: Officer-level insider completed two open-market sales totaling 40,000 shares, disclosed with weighted-average pricing and signature on record.

The Form 4 documents routine open-market dispositions by the bank's President of the Bank, with clear weighted-average prices and post-sale beneficial ownership levels. From a governance standpoint, the filing meets Section 16 disclosure requirements by providing transaction dates, amounts, price ranges, and a dated signature. The filing does not state any Rule 10b5-1 plan or provide rationale for the sales, so no affirmative defense is claimed on the form. This limits interpretability but does not indicate a procedural disclosure deficiency.

Securities Analyst

TL;DR: Two sequential sales of 20,000 shares each at ~$16.59 and ~$16.805 reduced reported holdings to 46,444 shares.

The reported transactions are explicit: 20,000 shares sold on 09/02/2025 at a weighted-average of $16.59 and 20,000 shares sold on 09/03/2025 at a weighted-average of $16.805. Post-transaction beneficial ownership is reported as 66,444 and then 46,444 shares, respectively. The disclosure provides precise trade sizes and prices but contains no information on the impact to outstanding shares percentage, company valuation, or any trading plan. Material market impact cannot be assessed from the filing alone.

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^*

Hussain Hamid

(Last) (First) (Middle)

C/O BANC OF CALIFORNIA, INC.

3 MACARTHUR PLACE

(Street)

SANTA ANA CA 92707

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT OF THE BANK

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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

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

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

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	09/02/2025		S		20,000	D	$16.59(1)	66,444	D
Common Stock	09/03/2025		S		20,000	D	$16.805(2)	46,444	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. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.525 to $16.655 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.731 to $16.911 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Hamid Hussain	09/03/2025
	** 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.

FAQ

What transactions did Hamid Hussain report on the Form 4 for BANC?

The Form 4 reports two open-market sales: 20,000 shares on 09/02/2025 at a weighted-average price of $16.59, and 20,000 shares on 09/03/2025 at a weighted-average price of $16.805.

How many shares did Hamid Hussain beneficially own after these transactions?

After the 09/02/2025 sale he reported 66,444 shares beneficially owned; after the 09/03/2025 sale he reported 46,444 shares beneficially owned.

Does the Form 4 state these sales were made under a 10b5-1 plan?

No. The Form 4 does not indicate that the transactions were made pursuant to a Rule 10b5-1 trading plan.

Who signed the Form 4 and when?

The Form 4 is signed by Ido Dotan, Attorney-in-Fact for Hamid Hussain and dated 09/03/2025.