California BanCorp (BCAL) Form 4: EVP & Chief Operating Officer Michelle Wirfel had 1,404 common shares withheld on 08/02/2025 (code F) to cover taxes triggered by a prior equity-award vesting. At the reported price of $14.60, the transaction is worth about $20.5 k.
After the withholding, Wirfel still directly owns 76,878 BCAL shares; no derivative positions were listed. Because code F denotes a mandatory, non-discretionary sale for tax purposes, the event is viewed as routine and immaterial to BCAL’s operating outlook or capital structure.
California BanCorp (BCAL) – Form 4 insider filing
President Richard Hernandez reported one transaction dated 02-Aug-2025. Code “F” shows 1,404 common shares were automatically withheld at $14.60 per share (≈ $20.5 k) to satisfy tax obligations tied to a previously-granted equity award. After the withholding, Hernandez still owns 80,432 shares directly and 20,834 shares indirectly via an IRA, leaving his total beneficial ownership at 101,266 shares. No derivative securities were involved.
Because the sale was tax-related rather than discretionary, it is considered routine and conveys limited information about management’s sentiment. The executive retains more than 99 % of his pre-transaction holdings, maintaining substantial alignment with shareholders.
On 06/21/2025, California BanCorp (BCAL) Executive Vice President & Chief Operating Officer Michele Wirfel filed a Form 4 reporting the disposition of 93 common shares at $14.53 per share. The footnote clarifies that the shares were automatically withheld to satisfy taxes due upon the vesting of a previously granted equity award, making the event administrative rather than discretionary.
Following the transaction, the executive continues to hold 78,282 shares of BCAL stock, indicating a reduction of less than 0.2 % of her total ownership. No derivative securities were bought, sold, or exercised, and no 10b5-1 trading plan was indicated. Given the small size and tax-related nature of the sale, the filing is considered routine with negligible impact on the company’s insider-ownership profile or market outlook.
Insider Activity Overview: California BanCorp (BCAL) filed a Form 4 showing that Chief Executive Officer and Director Steven E. Shelton disposed of 163 common shares on 06/21/2025 at $14.53 per share, a transaction valued at approximately $2,340.
The sale was executed solely to satisfy the executive’s tax withholding obligation arising from the vesting of a prior equity award, as disclosed in the footnote to the filing.
Post-transaction, Shelton directly holds 133,333 BCAL shares, meaning more than 99 % of his previous stake remains intact. The transaction represents less than 0.2 % of his beneficial holdings and is immaterial relative to the company’s total shares outstanding. No derivative securities were involved, and there is no indication of a broader change in the executive’s ownership strategy.