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California BanCorp (BCAL) CFO sells 8,000 common shares in Form 4

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

California BanCorp Bank Chief Financial Officer Jean Carandang sold 8,000 shares of common stock on March 6, 2026 at $17.90 per share in an open-market transaction. This was reported as a direct ownership sale.

After the sale, she directly held 37,174.16 common shares and indirectly held 8,000 common shares through an IRA.

Positive

  • None.

Negative

  • None.
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*
Carandang Jean

(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)
Bank Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
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 03/06/2026 S 8,000 D $17.9 37,174.16 D
Common Stock 8,000 I By IRA
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:
Remarks:
Manisha Merchant, by POA for Jean Carandang 03/09/2026
** 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).
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 insider transaction did BCAL CFO Jean Carandang report?

Jean Carandang, Bank Chief Financial Officer of California BanCorp (BCAL), reported selling 8,000 shares of common stock on March 6, 2026 at $17.90 per share in an open-market transaction. The filing also updates her direct and indirect shareholdings after this sale.

How many California BanCorp (BCAL) shares did the CFO sell and at what price?

The BCAL Bank Chief Financial Officer sold 8,000 shares of California BanCorp common stock at $17.90 per share. This open-market sale on March 6, 2026 is the only transaction in the filing classified as a sale, according to the reported Form 4 transaction data.

What are Jean Carandang’s BCAL share holdings after the reported sale?

After the sale, Jean Carandang directly owned 37,174.16 shares of California BanCorp common stock. She also indirectly held 8,000 additional common shares through an IRA, as disclosed in the Form 4, which separates her direct and indirect ownership positions clearly.

Is the California BanCorp CFO’s Form 4 transaction a buy or a sell?

The Form 4 for California BanCorp’s CFO reports a sale transaction. It records an open-market sale of 8,000 common shares at $17.90 per share, with the transaction coded as “S,” which the filing describes as a sale in an open market or private transaction.

How is the CFO’s indirect ownership in BCAL shares structured?

The filing shows 8,000 California BanCorp common shares held indirectly “By IRA.” These shares are classified as indirect ownership with code I, distinguishing them from the CFO’s 37,174.16 directly held shares, and indicating the indirect position is through an individual retirement account.

What does the net share activity in this BCAL Form 4 show?

The transaction summary reports one sale transaction totaling 8,000 shares and no purchases, resulting in net-sell activity of 8,000 shares. There is also one transaction with an unknown code related to holdings, but only the 8,000-share open-market sale is classified as a sale.
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