California BanCorp director sells 7,500 shares
California BanCorp director Lester Machado reported a series of July 31, 2026 transactions involving stock options and common shares.
Rhea-AI Filing Summary
California BanCorp director Lester Machado reported a series of July 31, 2026 transactions involving stock options and common shares. He exercised options for 7,500 shares of common stock at an exercise price of $12.96 per share, then sold 7,500 shares at a weighted average price of $21.193 per share, with individual trades ranging from $21.03 to $21.37. In a separate step, he transferred 9,142 shares from direct ownership into the Machado-Pedersen Family Trust, which now holds 53,712 shares of California BanCorp common stock indirectly for him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 7,500 shares ($62K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Machado Lester
Role
Director
Sold
7,500 shs ($159K)
Approx. gross sale proceeds
$159K
Approx. exercise cost
$97K
Approx. pre-tax spread
$62K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F3 | 7,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,500 | $12.96 | $97K |
| Sale | Common Stock F1 | 7,500 | $21.193 | $159K |
| Other | Common Stock F2 | 9,142 | $0.00 | $0.00 |
| Other | Common Stock | 9,142 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 13,248.51 shares (Direct);
Common Stock — 53,712 shares (Indirect, Lester Machado & Robert M Pedersen TR UA 03/13/14 Machado-Pedersen Family Trust)
Footnotes (3)
- F1. This transaction was executed in multiple trades at prices ranging from $21.03 USD to $21.37 USD; the price reported above reflects the weighted average sale price.
- F2. Shares transferred to the Reporting Person's living trust account.
- F3. These options are fully vested.
Key Figures
Options exercised: 7,500 shares
Option exercise price: $12.9600 per share
Shares sold: 7,500 shares
+3 more
6 metrics
Options exercised
7,500 shares
Stock options exercised into common stock on July 31, 2026
Option exercise price
$12.9600 per share
Exercise price of stock options converted into 7,500 common shares
Shares sold
7,500 shares
Common stock sold on July 31, 2026 following option exercise
Weighted average sale price
$21.1930 per share
Sale executed in multiple trades ranging from $21.03 to $21.37
Shares transferred to trust
9,142 shares
Common stock moved from direct ownership to living trust account
Trust holdings after transfer
53,712 shares
Indirect holdings in Machado-Pedersen Family Trust after restructuring
Key Terms
derivative security, weighted average sale price, Stock Options, indirect ownership, +1 more
5 terms
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
Stock Options financial
"security_title: Stock Options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
indirect ownership financial
"ownership_type: indirect via Machado-Pedersen Family Trust"
living trust account financial
"Shares transferred to the Reporting Person's living trust account."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BCAL director Lester Machado report on this Form 4?
Lester Machado reported exercising options for 7,500 BCAL shares, selling 7,500 shares of common stock, and transferring 9,142 shares into a family trust. The trust transaction is an internal ownership shift rather than a market trade.
What stock options did Machado exercise in this California BanCorp (BCAL) filing?
He exercised stock options covering 7,500 BCAL shares at an exercise price of $12.96 per share, receiving an equal number of common shares. A footnote states that these options were fully vested at the time of exercise.
Were Machado’s BCAL transactions reported as under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, so these transactions are not identified as occurring under a Rule 10b5-1 trading plan. No footnote indicates any pre-arranged trading arrangement for these trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
