California BanCorp (BCAL) chair reports gift and trust transfer of shares
Rhea-AI Filing Summary
California BanCorp Executive Chairman and Director David Rainer reported changes in his California BanCorp common stock holdings. On 12/09/2025, a trust associated with him reported a gift of 2,000 shares, leaving 320,824 shares held indirectly through the David and Anne Rainer Trust U/A DTD 05/07/1997. On 12/15/2025, 110,523 shares were moved from his direct ownership to the trust, described as a transfer to the reporting person's living trust account, reducing his direct holdings to 56,577 shares and increasing his indirect holdings to 431,347 shares. All transactions were reported at a price of $0.00, indicating gifts and internal transfers rather than market purchases or sales.
Positive
- None.
Negative
- None.
FAQ
What insider activity did California BanCorp (BCAL) report in this filing?
The filing reports that Executive Chairman and Director David Rainer changed his California BanCorp common stock holdings through a 2,000-share gift and an internal transfer of 110,523 shares to his living trust.
How many California BanCorp shares were gifted by the insider?
On 12/09/2025, a trust associated with David Rainer reported a gift of 2,000 shares of California BanCorp common stock, leaving 320,824 shares held indirectly through the David and Anne Rainer Trust U/A DTD 05/07/1997.
What was the purpose of the 110,523-share transaction reported for BCAL?
On 12/15/2025, 110,523 shares of California BanCorp common stock were transferred from David Rainer's direct ownership to his living trust, as explained in the note that the shares were transferred to the reporting person's living trust account.
What are David Rainer’s direct and indirect California BanCorp holdings after these transactions?
Following the reported transactions, David Rainer held 56,577 shares of California BanCorp common stock directly and 431,347 shares indirectly through the David and Anne Rainer Trust U/A DTD 05/07/1997.
Were these California BanCorp insider transactions market trades?
No. All reported transactions were recorded at a price of $0.00, indicating that they were a gift and internal transfers between David Rainer's direct holdings and his living trust, not open-market purchases or sales.
What position does the reporting person hold at California BanCorp (BCAL)?
The reporting person is identified as both a Director and an Officer of California BanCorp, with the officer title of Executive Chairman.