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California BanCorp (BCAL) director awarded 3,196 RSUs vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Armanino Andrew J. reported acquisition or exercise transactions in this Form 4 filing.

California BanCorp director Andrew J. Armanino reported a stock-based compensation grant and updated holdings. He received 3,196 restricted stock units as consideration for service on the Board of Directors. These RSUs vest in full on June 1, 2027, at which time shares will be issued.

Following this award, he directly holds 16,679.41 shares of common stock. He also has indirect ownership of 175,166 shares through a trust titled “Andrew J Armanino & Denise M Armanino TR UA 6/2/1999.” The filing also reflects an adjustment to correct a previously duplicated share count of 37,412 shares.

Positive

  • None.

Negative

  • None.
Insider Armanino Andrew J.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,196 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,679.41 shares (Direct, null); Common Stock — 175,166 shares (Indirect, Andrew J Armanino & Denise M Armanino TR UA 6/2/1999)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on June 1, 2027. Reflects an adjustment due to duplicated share count of 37,412 shares.
RSU grant 3,196 RSUs Issued as consideration for Board of Directors service
RSU vesting date June 1, 2027 RSUs vest in full on this date
Direct holdings after grant 16,679.41 shares Common stock directly owned following reported transaction
Indirect trust holdings 175,166 shares Common stock held indirectly via Armanino family trust
Share count adjustment 37,412 shares Correction of duplicated share count noted in footnote
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Board of Directors financial
"consideration for 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.
indirect ownership financial
""ownership_type": "indirect""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Armanino Andrew J.
(Last)(First)(Middle)
C/O CALIFORNIA BANCORP
355 S. GRAND AVE STE 1200
(Street)
LOS ANGELES CALIFORNIA 90071
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
California BanCorp \ CA [ BCAL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A(1)3,196A$0.0016,679.41D
Common Stock175,166(2)IAndrew J Armanino & Denise M Armanino TR UA 6/2/1999
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on June 1, 2027.
2. Reflects an adjustment due to duplicated share count of 37,412 shares.
Remarks:
Manisha Merchant, by POA for Andrew Armanino06/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did BCAL director Andrew J. Armanino report in this Form 4?

He reported a grant of 3,196 restricted stock units as compensation for serving on California BanCorp’s Board of Directors, along with updated direct and indirect common stock holdings, including a correction for a previously duplicated 37,412-share count.

How many BCAL restricted stock units were granted and when do they vest?

Andrew J. Armanino was granted 3,196 restricted stock units. The footnotes state these RSUs vest in full on June 1, 2027, at which time the underlying California BanCorp common shares will be issued to him.

What are Andrew J. Armanino’s direct BCAL share holdings after this transaction?

After the reported grant, Andrew J. Armanino directly holds 16,679.41 shares of California BanCorp common stock. This reflects his direct ownership position separate from any shares held indirectly through trusts or other entities.

How many BCAL shares does Andrew J. Armanino hold indirectly through a trust?

He indirectly owns 175,166 California BanCorp common shares through a trust titled “Andrew J Armanino & Denise M Armanino TR UA 6/2/1999.” These shares are reported as indirect ownership in the Form 4 filing.

What does the 37,412-share adjustment in the BCAL Form 4 mean?

A footnote explains that the filing reflects an adjustment for a duplicated share count of 37,412 shares. This indicates prior holdings were overstated by that amount and have now been corrected in the reported ownership figures.