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California BanCorp (BCAL) director receives 1,042 RSUs and boosts holdings

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

Rhea-AI Filing Summary

California BanCorp director Stephen A. Cortese reported an equity award and related holdings in the company’s common stock. On February 20, 2026, he acquired 1,042 RSUs at $0.00 per unit as compensation for serving on the Board, with shares issued upon vesting on that date. Following this, his direct holdings totaled 349,587.18 shares. As of the same date, he also reported indirect holdings of 44,645 shares through the Cortese Trust and 2,086 shares through Cortese Real Property LP. A prior transaction on January 16, 2026 shows 52.18 shares acquired via reinvestment of cash dividends at $18.89 per share.

Positive

  • None.

Negative

  • None.
Insider Cortese Stephen A.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,042 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Other Common Stock 52.18 $18.89 $985.68
Holdings After Transaction: Common Stock — 349,587.18 shares (Direct); Common Stock — 44,645 shares (Indirect, A Cortese & S Cortese TTEE Cortese Trust U/A DTD 8/20/2013)
Footnotes (1)
  1. Reinvestment of cash dividends on January 16, 2026. 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 on February 20, 2026.
Form 4 Insider Transactions: What Each Field Means →
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*
Cortese Stephen A.
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
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 01/16/2026 J(1) 52.18 A $18.89 348,545.18 D
Common Stock 02/20/2026 A(2) 1,042 A $0.00 349,587.18 D
Common Stock 44,645 I A Cortese & S Cortese TTEE Cortese Trust U/A DTD 8/20/2013
Common Stock 2,086 I Cortese Real Property LP
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. Reinvestment of cash dividends on January 16, 2026.
2. 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 on February 20, 2026.
Remarks:
Manisha Merchant, by POA for Stephen Cortese 02/23/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did California BanCorp (BCAL) report for Stephen A. Cortese?

Stephen A. Cortese reported receiving 1,042 restricted stock units as compensation for serving on California BanCorp’s Board. These RSUs vested and converted into common shares on February 20, 2026, increasing his direct ownership in the company.

How many California BanCorp (BCAL) shares does Stephen A. Cortese own directly after this Form 4?

After the reported transactions, Stephen A. Cortese directly owns 349,587.18 shares of California BanCorp common stock. This figure reflects both the RSU award on February 20, 2026 and prior activity, including dividend reinvestment.

What indirect holdings in California BanCorp (BCAL) are associated with Stephen A. Cortese?

Indirectly, interests associated with Stephen A. Cortese hold 44,645 California BanCorp shares through the Cortese Trust and 2,086 shares through Cortese Real Property LP. These positions are reported as indirect ownership on the Form 4 filing.

What was the earlier California BanCorp (BCAL) transaction on January 16, 2026?

On January 16, 2026, 52.18 California BanCorp shares were acquired through reinvestment of cash dividends at a price of $18.89 per share. This transaction is categorized as an “other acquisition or disposition” in the Form 4.

Why did California BanCorp (BCAL) grant 1,042 RSUs to Stephen A. Cortese?

The 1,042 restricted stock units were granted to Stephen A. Cortese as consideration for his service on California BanCorp’s Board of Directors. These RSUs vested and converted into common shares on February 20, 2026, according to the filing footnote.