California BanCorp (BCAL) president sells 17,000 shares, retains over 72K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp President Richard Hernandez reported selling shares of company stock. On May 8, 2026, he completed an open-market sale of 17,000 shares of California BanCorp common stock at $19.12 per share.
After this transaction, Hernandez directly holds 72,935.2 common shares. He also has an additional 20,834 common shares held indirectly through an IRA account, reflecting a separate form entry that records this indirect ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,000 shares ($325,040)
Net Sell
2 txns
Insider
Hernandez Richard
Role
President
Sold
17,000 shs ($325K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 17,000 | $19.12 | $325K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 72,935.2 shares (Direct, null);
Common Stock — 20,834 shares (Indirect, By IRA)
Footnotes (1)
Key Figures
Shares sold: 17,000 shares
Sale price: $19.12 per share
Direct holdings after transaction: 72,935.2 shares
+1 more
4 metrics
Shares sold
17,000 shares
Open-market sale on May 8, 2026
Sale price
$19.12 per share
Price for 17,000 common shares sold
Direct holdings after transaction
72,935.2 shares
Common stock directly owned after May 8, 2026 sale
Indirect IRA holdings
20,834 shares
Common stock held indirectly through IRA
Key Terms
open-market sale, indirect ownership, Form 4, IRA
4 terms
open-market sale financial
"transaction_code_description": "Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "By IRA""
Form 4 regulatory
"reported on a Form 4 insider filing with the SEC"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
IRA financial
""nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did California BanCorp (BCAL) report for Richard Hernandez?
California BanCorp President Richard Hernandez reported an open-market sale of 17,000 shares of common stock. The transaction occurred on May 8, 2026, and was reported on a Form 4 insider filing with the SEC for transparency on his trading activity.
What type of transaction code is shown for Richard Hernandez’s BCAL trade?
The Form 4 lists transaction code “S” for Richard Hernandez’s trade, indicating a sale in the open market or a private transaction. This clarifies that the 17,000-share movement was a disposition of stock rather than a grant, exercise, or gift.