California BanCorp (BCAL) CFO disposes shares to cover taxes
Rhea-AI Filing Summary
California BanCorp Bank Chief Financial Officer Jean Carandang reported a tax-withholding disposition of 704 shares of common stock on August 2, 2026 at $21.30 per share, used to satisfy tax liability from the vesting of a prior equity award. Following this, Carandang directly owns 35,285.16 shares and indirectly holds 8,000 shares through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 704 shares
Net Sell
2 txns
Insider
Carandang Jean
Role
Bank Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 704 | $21.30 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,285.16 shares (Direct);
Common Stock — 8,000 shares (Indirect, By IRA)
Footnotes (1)
- F1. Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
Key Figures
Tax-withholding shares: 704 shares
Per-share reference price: $21.30
Direct holdings after transaction: 35,285.16 shares
+1 more
4 metrics
Tax-withholding shares
704 shares
Common stock disposed to satisfy tax liability on August 2, 2026
Per-share reference price
$21.30
Value used for the 704-share tax-withholding disposition
Direct holdings after transaction
35,285.16 shares
Direct California BanCorp common stock held by Jean Carandang after the tax event
Indirect IRA holdings
8,000 shares
Indirect California BanCorp common stock held through an IRA
Key Terms
tax-withholding disposition, vesting of a previously granted award, By IRA, Bank Chief Financial Officer
4 terms
tax-withholding disposition financial
"Transaction coded F as a tax-withholding disposition of common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting of a previously granted award financial
"tax liability by the vesting of a previously granted award"
By IRA financial
"Indirect ownership nature reported as By IRA"
Bank Chief Financial Officer financial
"Reporting person’s office is Bank Chief Financial Officer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BCAL CFO Jean Carandang report?
Jean Carandang reported a tax-withholding disposition of 704 common shares on August 2, 2026 at $21.30 per share. The shares were delivered to cover tax liability from the vesting of a previously granted equity award, not a discretionary open-market trade.
Was the BCAL CFO’s tax-withholding transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, indicating the reported tax-withholding disposition was not affirmed as executed under a Rule 10b5-1 trading plan. The event relates to taxes on a previously granted award.
Does the BCAL insider filing show any open-market buys or sells by the CFO?
The report shows a single code F tax-withholding disposition of 704 shares tied to a vested award. There are no code P purchases or code S sales reported, and the remaining entries reflect updated direct and indirect holdings, including an IRA position.