California Resources Form 144 flags sizable insider share sale

Rhea-AI Filing Summary

California Resources Corp. (CRC) – Form 144 discloses a planned sale of 1,500,000 common shares through Citigroup Global Markets on or after 6 Aug 2025. At the reference price used by the filer, the block is worth $74.55 million.

The seller, IKAV Impact S.à r.l., already disposed of 1,000,000 shares for $49.75 million on 28 Jul 2025. CRC reports 89.18 million shares outstanding; the new notice therefore covers roughly 1.7 % of the equity. The shares were originally acquired on 1 Jul 2024 via merger consideration.

While a Form 144 does not obligate execution, it signals potential near-term supply from an affiliate holder. Investors should monitor market depth and any follow-up filings to gauge whether the sale proceeds and its effect on trading dynamics.

Insights

Securities Analyst

TL;DR: 1.5 M-share Form 144 (~1.7 % float) creates moderate overhang risk for CRC.

The filing shows IKAV Impact intends to liquidate a sizeable stake valued at $74.55 million. Combined with the 1 million shares sold last month, the holder could exit 2.5 million shares, about 2.8 % of outstanding stock. Such blocks often pressure prices until absorbed, especially if executed in the open market. No positive operational data accompanies the notice, so the dominant takeaway is increased supply risk.

Portfolio Manager

TL;DR: Insider liquidity event; impact depends on market absorption capacity.

Form 144 filings alert the street early, allowing desks to prepare. The 1.5 million-share lot equals several days’ volume for many mid-caps, but the use of Citigroup Global Markets suggests a block or dribble program that can mitigate price disruption. Still, back-to-back sales from the same holder hint at continuing disposition, tilting the short-term risk/reward toward caution.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Citigroup Global Markets Inc. 388 GREENWICH STREET New York NY 10013	1500000	74550000.00	89175034	08/06/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	07/01/2024	Merger with and into Issuer	Issuer			1500000	07/01/2024	Merger Consideration

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
IKAV Impact S.a r.l. 74a, Route de Luxembourg Wasserbillig N4 L-6633	Common Stock	07/28/2025	1000000	49750000.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)