California BanCorp (BCAL) CFO uses 1,185 shares to cover tax liability
Rhea-AI Filing Summary
California BanCorp's Bank Chief Financial Officer Jean Carandang reported routine equity activity. On June 8, 2026, 1,185 shares of Common Stock were disposed of at $19.39 per share to satisfy tax liability from the vesting of a previously granted award. After this tax-withholding disposition, Carandang directly holds 35,989.16 Common shares and indirectly holds 8,000 Common shares through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,185 shares
Net Sell
2 txns
Insider
Carandang Jean
Role
Bank Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,185 | $19.39 | $23K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,989.16 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-withheld shares: 1,185 shares
Disposition price: $19.39 per share
Direct holdings after transaction: 35,989.16 shares
+1 more
4 metrics
Tax-withheld shares
1,185 shares
Common Stock disposed to satisfy tax liability
Disposition price
$19.39 per share
Price per share for tax-withholding disposition
Direct holdings after transaction
35,989.16 shares
Direct Common Stock ownership following tax withholding
Indirect IRA holdings
8,000 shares
Common Stock held indirectly by IRA
Key Terms
tax liability, vesting, IRA, Common Stock
4 terms
tax liability financial
"Shares disposed to satisfy the Reporting Person's tax liability by the vesting"
vesting financial
"tax liability by the vesting of a previously granted award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
IRA financial
"total_shares_following_transaction 8000.0000, direct_or_indirect I, 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.
Common Stock financial
"security_title Common Stock, transaction_type non-derivative"
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.
FAQ
What did BCAL executive Jean Carandang report in this Form 4 filing?
Jean Carandang, Bank Chief Financial Officer of California BanCorp, reported a routine tax-related share disposition and updated holdings. The Form 4 shows shares withheld to cover tax on a vesting award and her remaining direct and indirect Common Stock positions.
What indirect BCAL holdings does the CFO report on this Form 4?
The Form 4 lists an indirect holding of 8,000 California BanCorp Common shares held "By IRA." This indicates Jean Carandang has an additional position in the stock through an individual retirement account, separate from her directly held shares reported in the filing.
Was this BCAL Form 4 transaction an open-market sale by the CFO?
No, the Form 4 describes the event as a tax-withholding disposition, coded "F." Shares were delivered to satisfy tax liability from a vesting award, rather than sold in an open-market transaction, making this a routine administrative equity event for the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
