California BanCorp (BCAL) CFO awarded RSUs, shares withheld for taxes

Rhea-AI Filing Summary

California BanCorp EVP and CFO Thomas G. Dolan reported equity compensation and related tax withholding transactions. He received two restricted stock unit grants covering 19,619 and 15,941 shares of common stock, which vest between March 2027 and March 2029. Separately, 3,002 and 336 shares were withheld at $18.31 per share to satisfy taxes on a previously vested award.

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^*

Dolan Thomas G.

(Last) (First) (Middle)

C/O CALIFORNIA BANCORP

355 S. GRAND AVE STE 1200

(Street)

LOS ANGELES CA 90071

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
California BanCorp \ CA [ BCAL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP / Bancorp CFO/ CSO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		F(1)		3,002	D	$18.31	27,299	D
Common Stock	03/01/2026		F(1)		336	D	$18.31	26,963	D
Common Stock	03/02/2026		A(2)		19,619	A	$0.00	46,582	D
Common Stock	03/02/2026		A(3)		15,941	A	$0.00	62,523	D
Common Stock								260,159	I	THOMAS G DOLAN LIVING TRUST DATED 8/9/2016

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 by the vesting of a previously granted award.

2. Represents restricted stock units granted to the Reporting Person on March 2, 2026, which will be issued upon vesting in substantially equal installments on March 1, 2028 and March 1, 2029.

3. Represents restricted stock units granted to the Reporting Person on March 2, 2026, which will be issued upon vesting and will vest annually, in substantially equal installments, over a two-year period beginning on March 1, 2027.

Remarks:

	Manisha Merchant, by POA for Thomas Dolan	03/03/2026
	** 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).
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FAQ

What insider transactions did BCAL executive Thomas G. Dolan report on this Form 4?

Thomas G. Dolan reported equity awards and tax-related share dispositions. He received two restricted stock unit grants and had shares withheld to cover taxes on a prior award, all involving California BanCorp common stock, rather than open-market purchases or sales.

How many restricted stock units were granted to BCAL CFO Thomas G. Dolan?

Dolan was granted 19,619 and 15,941 restricted stock units. These units represent rights to receive California BanCorp common shares in the future, subject to vesting conditions and schedules described in the Form 4 footnotes, rather than immediate issuances of freely tradable shares.

What is the vesting schedule for Thomas G. Dolan’s new BCAL restricted stock units?

One grant will be issued upon vesting in substantially equal installments on March 1, 2028 and March 1, 2029. The other will vest annually in substantially equal installments over two years beginning March 1, 2027, according to the Form 4 footnotes.

Why were BCAL shares disposed of in Thomas G. Dolan’s Form 4 filing?

The filing states shares were disposed to satisfy Dolan’s tax liability from a previously granted award vesting. 3,002 and 336 shares of common stock were delivered at $18.31 per share, characterized as tax-withholding dispositions rather than discretionary market sales.

Were Thomas G. Dolan’s BCAL transactions open-market buys or sells?

No, the reported acquisitions are equity grants classified as awards, and the dispositions are tagged as tax-withholding to cover liabilities on a vesting award. The Form 4 does not show any open-market purchases or open-market sales of California BanCorp shares by Dolan.

Does Thomas G. Dolan hold BCAL shares indirectly through a trust?

Yes. The Form 4 lists indirect ownership through the “THOMAS G DOLAN LIVING TRUST DATED 8/9/2016.” This line is presented as an indirect holding entry, indicating additional shares are held via the trust rather than directly in Dolan’s personal name.