Banc of California (NYSE: BANC) CEO logs tax-withholding stock moves

Rhea-AI Filing Summary

Banc of California, Inc. Chairman and CEO Jared M. Wolff reported two tax-related share dispositions of common stock. On February 27, he disposed of 15,611 shares at $19.78 per share, and on February 28 he disposed of 15,195 shares at $18.47 per share.

According to the footnote, these shares were disposed solely to satisfy his tax liability from the vesting of a previously granted equity award, rather than as open-market sales. After these transactions, he directly owned 212,172 common shares, and an additional 321,635 shares were held indirectly by the Wolff Family Trust.

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

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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^*

WOLFF JARED M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		F(1)		15,611	D	$19.78	227,367	D
Common Stock	02/28/2026		F(1)		15,195	D	$18.47	212,172	D
Common Stock								321,635	I	By the Wolff Family Trust

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. Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Jared M Wolff	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did BANC CEO Jared Wolff report in this Form 4 filing?

Jared Wolff reported two tax-related dispositions of Banc of California common stock. Shares were withheld or disposed to cover tax liabilities from a vesting equity award, rather than sold in discretionary open-market transactions, while his direct and trust holdings remain substantial.

How many Banc of California (BANC) shares were disposed to cover taxes?

The filing shows 15,611 Banc of California shares disposed at $19.78 and 15,195 shares at $18.47. Both transactions were classified as tax-withholding dispositions tied to the vesting of a previously granted equity award for CEO Jared Wolff.

Are the BANC insider transactions open-market sales or tax withholding?

The transactions are tax-withholding dispositions, not open-market sales. The Form 4 and footnote state the shares were disposed solely to satisfy Jared Wolff’s tax liability arising from the vesting of an earlier equity award, a common administrative mechanism.

How many Banc of California shares does Jared Wolff own after these transactions?

After the reported tax-withholding dispositions, Jared Wolff directly owns 212,172 Banc of California common shares. An additional 321,635 shares are held indirectly by the Wolff Family Trust, reflecting both direct executive ownership and family trust holdings associated with him.

What is the role of the Wolff Family Trust in BANC share ownership?

The Wolff Family Trust holds 321,635 Banc of California common shares as an indirect ownership position associated with Jared Wolff. The Form 4 identifies this as indirect ownership, separate from his 212,172 directly held shares, clarifying how his total economic exposure is structured.