[Form 4] California BanCorp Insider Trading Activity

Rhea-AI Filing Summary

On 25-Jul-2025, Lamb Weston Holdings (LW) insider Eryk J. Spytek, General Counsel & Chief Compliance Officer, disclosed new equity awards:

• 7,886 Restricted Stock Units granted at $0; vest 33 % / 33 % / 34 % on 4-Aug-2026, 3-Aug-2027 and 1-Aug-2028.
• 16,559 Employee Stock Options exercisable at $60.86; become 100 % exercisable 1-Aug-2028 and expire 25-Jul-2032.

Post-grant, Spytek owns 24,091.9 shares directly and 18,677 shares indirectly through a revocable trust. No sales or open-market purchases were reported.

The filing reflects routine compensation rather than cash investment, yet it modestly increases insider exposure and aligns executive incentives with future share-price performance. Immediate market impact is likely limited.

Positive

• 7,886 RSUs granted at no cost, lifting direct insider ownership to 24,091.9 shares.
• 16,559 stock options with a $60.86 strike provide long-term, performance-linked compensation through 2032.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine equity grant; boosts insider exposure but contains no cash buying signal, so market impact is neutral.

The Form 4 shows compensation-based awards—7,886 RSUs and 16,559 options at $60.86—to the General Counsel. Such grants are part of standard executive packages and do not involve personal capital outlay. Direct holdings rise to roughly 24 k shares, providing additional alignment, yet the absence of open-market buying limits its predictive value for near-term price moves. I classify the disclosure as not materially impactful for valuation.

Corporate Governance Specialist

TL;DR: Added RSUs and long-dated options strengthen pay-for-performance structure—mildly positive for shareholder alignment.

The staggered RSU vesting schedule and seven-year options expiring 2032 incentivise long-term decision-making by a key legal executive. While routine, the awards reinforce best-practice governance by tying 100 % of incremental compensation to equity performance. Because no dispositions occurred, the filing sends a slightly constructive governance signal, albeit with limited immediate financial consequence.

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).

1. Name and Address of Reporting Person^*

Shelton Steven E.

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/27/2025

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	07/27/2025		F(1)		194	D	$16.04	131,185	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. Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.

Remarks:

	Manisha Merchant, as attorney in fact for Steven E. Shelton	07/28/2025
	** 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

How many Lamb Weston (LW) shares does insider Eryk J. Spytek now hold?

He holds 24,091.9 shares directly plus 18,677 shares indirectly via a revocable trust.

What equity was granted to LW's General Counsel on 25-Jul-2025?

Spytek received 7,886 restricted stock units and 16,559 employee stock options.

When do the RSUs granted to LW's insider vest?

They vest 33 % on 4-Aug-2026, 33 % on 3-Aug-2027, and 34 % on 1-Aug-2028.

What is the exercise price and expiry of the new LW stock options?

The options carry a $60.86 exercise price and expire on 25-Jul-2032.

Were any LW shares sold in this Form 4 filing?

No. The filing reports only equity grants; no shares were disposed of.