California BanCorp (BCAL) director awarded 3,196 RSUs and holds 7,500 options

Rhea-AI Filing Summary

California BanCorp director Lester Machado reported equity awards and updated holdings. On January 16, 2026, 28.51 shares of common stock were acquired through reinvestment of cash dividends at $18.89 per share. On June 1, 2026, he received 3,196 restricted stock units as compensation for service on the board, at no cash cost.

The RSUs will vest and convert into shares on June 1, 2027. After these transactions, Machado directly holds 22,390.51 shares of common stock and has an indirect position of 44,570 shares held by the Machado-Pedersen Family Trust. He also holds fully vested options covering 7,500 shares of common stock with a strike price of $12.96 per share expiring on February 20, 2029. These events reflect routine compensation and dividend reinvestment rather than open-market buying or selling.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Machado Lester

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,196	$0.00	--
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
Other	Common Stock	28.51	$18.89	$538.55

Holdings After Transaction: Common Stock — 22,390.51 shares (Direct, null); Stock Options — 7,500 shares (Direct, null); Common Stock — 44,570 shares (Indirect, Lester Machado & Robert M Pedersen TR UA 03/13/14 Machado-Pedersen Family Trust)

Footnotes (1)

1. Reinvestment of cash dividends on January 16, 2026. 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. These options are fully vested.

Key Figures

RSU grant: 3,196 shares RSU vesting date: June 1, 2027 Direct common shares: 22,390.51 shares +3 more

6 metrics

RSU grant 3,196 shares Restricted stock units granted June 1, 2026 for board service

RSU vesting date June 1, 2027 Date when RSUs convert into common shares

Direct common shares 22,390.51 shares Direct California BanCorp holdings after reported transactions

Indirect common shares 44,570 shares Held by Machado-Pedersen Family Trust

Stock options held 7,500 underlying shares Fully vested options, $12.96 exercise price, expire February 20, 2029

Dividend reinvestment 28.51 shares at $18.89 Reinvestment of cash dividends on January 16, 2026

Key Terms

restricted stock units ("RSUs"), stock options, reinvestment of cash dividends, Machado-Pedersen Family Trust

4 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.

stock options financial

"These options are fully vested."

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

reinvestment of cash dividends financial

"Reinvestment of cash dividends on January 16, 2026."

Machado-Pedersen Family Trust financial

"Machado-Pedersen Family Trust"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Machado Lester

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/16/2026		J(1)		28.51	A	$18.89	19,194.51	D
Common Stock	06/01/2026		A(2)		3,196	A	$0.00	22,390.51	D
Common Stock								44,570	I	Lester Machado & Robert M Pedersen TR UA 03/13/14 Machado-Pedersen Family Trust

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
Stock Options	$12.96							02/20/2024	02/20/2029	Common Stock	7,500(3)		7,500	D

Explanation of Responses:

1. Reinvestment of cash dividends on January 16, 2026.

2. 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.

3. These options are fully vested.

Remarks:

	Manisha Merchant, by POA for Lester Machado	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)

FAQ

What insider transactions did BCAL director Lester Machado report on June 1, 2026?

Machado reported a grant of 3,196 restricted stock units of California BanCorp common stock on June 1, 2026. These RSUs were issued as consideration for his board service and carry no cash purchase price, with shares to be delivered upon vesting.

When do Lester Machado’s 3,196 BCAL restricted stock units vest?

The 3,196 restricted stock units granted to Lester Machado are scheduled to vest in full on June 1, 2027. At vesting, the RSUs will convert into an equivalent number of California BanCorp common shares, increasing his direct share ownership.

How many California BanCorp shares does Lester Machado own after these Form 4 transactions?

After the reported transactions, Machado holds 22,390.51 shares of California BanCorp common stock directly. He also has an indirect interest in 44,570 shares held through the Machado-Pedersen Family Trust, reflecting both personal and trust-based positions in BCAL.

What stock options does BCAL director Lester Machado hold according to this Form 4?

Machado holds fully vested stock options for 7,500 shares of California BanCorp common stock. These options have an exercise price of $12.96 per share and expire on February 20, 2029, providing potential future share acquisition rights.

Was there any open-market buying or selling of BCAL shares by Lester Machado in this filing?

No open-market purchases or sales are shown. The filing reports a dividend reinvestment of 28.51 shares on January 16, 2026, and an RSU grant of 3,196 shares on June 1, 2026, both non-market, routine transactions.

What is the nature of Lester Machado’s indirect ownership in BCAL shares?

Machado’s indirect ownership consists of 44,570 shares of California BanCorp common stock held by the Machado-Pedersen Family Trust. This trust-related holding supplements his direct ownership and is disclosed separately to clarify the form of beneficial ownership.