California BanCorp (BCAL) COO reports tax share disposal, dividend reinvestment

Rhea-AI Filing Summary

California BanCorp executive Michelle Wirfel reported two recent share transactions in company stock. On February 16, 2026, she disposed of 459 shares of common stock at $18.87 per share to cover tax liabilities from a previously vested equity award. After this tax-withholding transaction, she directly owned 76,269.93 shares of common stock. On January 16, 2026, a separate transaction for 36.93 shares at $18.89 per share reflected reinvestment of cash dividends, modestly increasing her direct holdings.

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

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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^*

Wirfel Michelle

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

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)		36.93	A	$18.89	76,728.93	D
Common Stock	02/16/2026		F(2)		459	D	$18.87	76,269.93	D

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. Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.

Remarks:

	Manisha Merchant, by POA for Michele Wirfel	02/18/2026
	** 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).
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FAQ

What insider transactions did BCAL executive Michelle Wirfel report?

Michelle Wirfel reported a tax-related share disposition and a dividend reinvestment. She disposed of 459 common shares at $18.87 to cover taxes and separately reinvested cash dividends into 36.93 shares at $18.89, modestly adjusting her direct ownership position.

How many California BanCorp (BCAL) shares did the COO dispose of for taxes?

The COO disposed of 459 common shares to satisfy tax liabilities. This tax-withholding transaction on February 16, 2026, was priced at $18.87 per share and related to the vesting of a previously granted equity award, rather than an open-market sale.

What was Michelle Wirfel’s California BanCorp share ownership after the Form 4 transactions?

Following the February 16, 2026 tax-withholding disposition, Michelle Wirfel directly owned 76,269.93 California BanCorp common shares. This figure incorporates the earlier January 16, 2026 dividend reinvestment transaction, which added 36.93 shares through automatic reinvestment of cash dividends.

Was the BCAL insider transaction a market sale or tax withholding?

The main BCAL insider transaction was tax withholding, not an open-market sale. Shares were disposed of to satisfy Michelle Wirfel’s tax liability triggered by vesting of a prior equity award, as disclosed in the footnote, which distinguishes it from discretionary market selling.

What does the January 16, 2026 BCAL transaction code J represent?

The January 16, 2026 transaction with code J reflects an “other” type event. A footnote explains it as reinvestment of cash dividends, where 36.93 common shares at $18.89 were acquired automatically instead of receiving the dividend in cash, slightly increasing direct holdings.

Does the Form 4 for BCAL show any insider share purchases?

The Form 4 does not show a traditional open-market purchase, but it does report dividend reinvestment. On January 16, 2026, 36.93 shares were acquired through reinvestment of cash dividends, categorized as an “other” transaction rather than a standard buy order.