California BanCorp (BCAL) gains BlackRock as 5.6% beneficial owner
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 1,790,663 shares of California BanCorp common stock, representing 5.6% of the class. BlackRock has sole voting power over 1,767,526 shares and sole dispositive power over 1,790,663 shares, with no shared voting or dispositive power.
The filing explains that various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of California BanCorp’s outstanding common shares. The position is reported on a Schedule 13G by BlackRock as a parent holding company.
Positive
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Key Figures
Beneficially owned shares: 1,790,663 shares
Ownership percentage: 5.6%
Sole voting power: 1,767,526 shares
+1 more
4 metrics
Beneficially owned shares
1,790,663 shares
California BanCorp common stock reported by BlackRock, Inc.
Ownership percentage
5.6%
Percent of California BanCorp common stock class held by BlackRock
Sole voting power
1,767,526 shares
Shares over which BlackRock has sole power to vote
Sole dispositive power
1,790,663 shares
Shares over which BlackRock has sole power to dispose
Key Terms
beneficially owned, sole voting power, sole dispositive power, parent holding company, +1 more
5 terms
beneficially owned financial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 1,767,526.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 1,790,663.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
Power of Attorney regulatory
"Exhibit 24: Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership stake in BCAL does BlackRock report in this Schedule 13G?
BlackRock reports beneficial ownership of 1,790,663 California BanCorp (BCAL) common shares, equal to 5.6% of the outstanding class. This stake is held through certain BlackRock business units and reported on a Schedule 13G.
Who is the reporting person in the BCAL Schedule 13G filing?
The reporting person is BlackRock, Inc., a Delaware corporation. The position reflects securities beneficially owned or deemed owned by certain BlackRock business units, with other disaggregated units excluded under SEC Release No. 34-39538.
What type of BCAL security is covered and what is its CUSIP?
The filing covers Common Stock of California BanCorp. The security’s CUSIP is 84252A106, identifying this specific equity issue for trading, clearing, and settlement purposes in U.S. markets.
Where are California BanCorp and BlackRock headquartered according to this filing?
California BanCorp’s principal executive offices are at 12265 El Camino Real, Suite 210, San Diego, CA 92130. BlackRock’s principal business office is listed as 50 Hudson Yards, New York, NY 10001.