California BanCorp (BCAL) director awarded 3,196 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cortese Stephen A. reported acquisition or exercise transactions in this Form 4 filing.

California BanCorp director Stephen A. Cortese reported an equity award of 3,196 shares of Common Stock via restricted stock units (RSUs). The RSUs were granted as consideration for his service on the Issuer's Board of Directors at a price of $0.00 per share.

These RSUs are scheduled to vest in full on June 1, 2027, when the underlying shares will be issued. Following the award, Cortese holds 353,823.18 shares directly, along with additional indirect holdings through several trusts and a limited partnership.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Cortese Stephen A.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,196	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 353,823.18 shares (Direct, null); Common Stock — 33,069 shares (Indirect, A Cortese & S Cortese TTEE Cortese Trust U/A DTD 8/20/2013)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 3,196 shares Grant price: $0.00 per share Vesting date: June 1, 2027 +4 more

7 metrics

RSU grant size 3,196 shares Restricted stock units granted as Board compensation

Grant price $0.00 per share Price for RSUs issued to director

Vesting date June 1, 2027 RSUs vest in full on this date

Direct holdings after grant 353,823.18 shares Common Stock directly held following the award

Indirect holdings – Lisa A Cortese Trust 11,576 shares Common Stock held indirectly via The Lisa A Cortese Trust

Indirect holdings – Cortese Real Property LP 2,086 shares Common Stock held indirectly via Cortese Real Property LP

Indirect holdings – Cortese Trust 8/20/2013 33,069 shares Common Stock held indirectly via the Cortese Trust U/A DTD 8/20/2013

Key Terms

restricted stock units ("RSUs"), Issuer's Board of Directors, Common Stock, indirect, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Issuer's Board of Directors financial

"issued to the Reporting Person as consideration for service on the Issuer's Board of Directors"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect financial

""ownership_type": "indirect""

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 08:05 PM

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

CALIFORNIA

90071

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		A⁽¹⁾		3,196	A	$0.00	353,823.18	D
Common Stock								33,069	I	A Cortese & S Cortese TTEE Cortese Trust U/A DTD 8/20/2013
Common Stock								2,086	I	Cortese Real Property LP
Common Stock								11,576	I	THE LISA A CORTESE TRUST - Stephen Cortese TTEE, Lisa Cortese Grantor

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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, which is scheduled to occur on June 1, 2027.

Remarks:

	Manisha Merchant, by POA for Stephen Cortese	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did BCAL director Stephen Cortese report in his latest Form 4?

Stephen A. Cortese reported receiving 3,196 restricted stock units as compensation for serving on California BanCorp’s Board of Directors. The award was priced at $0.00 per share and increases his direct ownership to 353,823.18 shares of Common Stock.

How many California BanCorp shares did Stephen Cortese acquire in this Form 4?

He acquired 3,196 shares in the form of restricted stock units. These RSUs represent stock-based compensation, not an open-market purchase, and will convert into Common Stock when they vest on June 1, 2027, assuming continued service conditions are met.

When do Stephen Cortese’s newly granted BCAL restricted stock units vest?

The restricted stock units granted to Stephen Cortese are scheduled to vest in full on June 1, 2027. Upon vesting, the RSUs will settle in shares of California BanCorp Common Stock, delivering the full 3,196 shares at that time.

What is Stephen Cortese’s direct shareholding in California BanCorp after this grant?

After the grant, Stephen Cortese directly holds 353,823.18 shares of California BanCorp Common Stock. This figure reflects his direct ownership only and is separate from additional indirect holdings reported through trusts and a limited partnership.

What indirect BCAL holdings associated with Stephen Cortese are disclosed in the Form 4?

The Form 4 lists indirect holdings of 11,576 shares held by The Lisa A Cortese Trust, 2,086 shares held by Cortese Real Property LP, and 33,069 shares held by the Cortese Trust under agreement dated August 20, 2013, all in California BanCorp Common Stock.