[Form 4] California BanCorp Insider Trading Activity

Rhea-AI Filing Summary

California BanCorp director Andrew J. Armanino was granted 1,214 restricted stock units (RSUs) on 08/21/2025 as compensation for board service. The RSUs have a $0.00 price and are scheduled to vest in full on August 21, 2025, at which time shares will be issued. After the reported transaction, the filing shows Mr. Armanino beneficially owns 10,313 shares directly and 212,578 shares indirectly through the Andrew J Armanino & Denise M Armanino Trust dated 6/2/1999. The Form 4 was signed on 08/22/2025 by Manisha Merchant acting by power of attorney.

Positive

• RSU grant disclosed clearly with vesting date (August 21, 2025) and quantity (1,214 RSUs).
• No cash purchase required for the award (transaction price reported as $0.00).
• High indirect ownership disclosed (212,578 shares held in the Andrew J Armanino & Denise M Armanino Trust).
• Form filed promptly (transaction 08/21/2025; form signed 08/22/2025) and signed by POA.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director compensation in the form of RSUs; modest direct holdings and a substantial indirect trust position are disclosed.

The Form 4 documents a standard non-cash equity award of 1,214 RSUs to a company director with vesting on a specified future date. The award is recorded at a $0.00 price, consistent with typical restricted stock unit grants made for service rather than purchase. Post-grant beneficial ownership combines a relatively small direct stake (10,313 shares) with a materially larger indirect position (212,578 shares) held via a family trust, which is relevant for assessing insider ownership concentration. There are no derivative transactions or exercises reported.

Corporate Governance Expert

TL;DR: Governance disclosure is routine and complete for an equity grant to a director; vesting date and trust details are clearly stated.

The filing provides the core governance elements investors expect: identity of the reporting person, relationship to the issuer (director), grant amount, vesting date, and the nature of indirect ownership via a named trust. The use of a power of attorney signature is disclosed. The disclosure does not indicate any unusual acceleration, derivative instruments, or amendments. As presented, the filing meets Section 16 reporting requirements for changes in beneficial ownership related to director compensation.

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^*

Armanino Andrew J.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		A		1,214(1)	A	$0.00	10,313	D
Common Stock								212,578	I	Andrew J Armanino & Denise M Armanino TR UA 6/2/1999

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. 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 on August 21, 2025.

Remarks:

	Manisha Merchant, by POA for Andrew Armanino	08/22/2025
	** 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.

FAQ

What change did the Form 4 for BCAL report on 08/21/2025?

The Form 4 reports a grant of 1,214 restricted stock units (RSUs) to director Andrew J. Armanino on 08/21/2025.

When do the RSUs for Andrew J. Armanino vest?

The RSUs are scheduled to vest in full on August 21, 2025, at which time shares will be issued.

How many shares does Andrew J. Armanino beneficially own after this transaction?

The filing shows 10,313 shares owned directly and 212,578 shares owned indirectly through a trust, as beneficial ownership following the reported transaction.

What price was reported for the RSU grant on the Form 4?

The transaction price for the RSU grant is reported as $0.00, indicating the award was compensation-based rather than a purchase.

Who signed the Form 4 for Andrew Armanino and when?

The Form 4 was signed by Manisha Merchant by power of attorney on 08/22/2025.