CRC files Form 144 to sell 115,906 shares ($5.55M) on NYSE

California Resources Corporation (CRC) submitted a Form 144 disclosing an intended sale of 115,906 common shares with an aggregate market value of $5,548,420.00.

Rhea-AI Filing Summary

California Resources Corporation (CRC) submitted a Form 144 disclosing an intended sale of 115,906 common shares with an aggregate market value of $5,548,420.00. The shares represent approximately 0.14% of the issuer's reported 83,679,985 outstanding shares and are planned for sale on the NYSE through Citigroup Global Markets Inc. with an approximate sale date of 08/12/2025.

The filing states these shares were acquired on 07/01/2024 as merger consideration in a transaction described as "Merger with and into Issuer." No sales by the reporting person in the prior three months are reported and the notice includes the standard representation about lack of undisclosed material adverse information.

Positive

• Full Rule 144 disclosure provided, including share count, market value, acquisition date and broker, which enhances market transparency

Negative

• None.

Insights

Securities Analyst

TL;DR Routine Rule 144 disclosure for a small block of shares; unlikely to move valuation materially.

The filing reports a sale of 115,906 shares valued at $5.55M, equal to about 0.14% of outstanding shares. The block was acquired as merger consideration on 07/01/2024 and will be sold via Citigroup on the NYSE. Given the small percentage of total shares outstanding and absence of prior recent sales, this appears to be a routine liquidity event rather than a signal of broader corporate issues.

Corporate Governance Expert

TL;DR Disclosure aligns with Rule 144 requirements; provides transparency about post-merger share disposition.

The notice documents acquisition method (merger consideration) and provides key transaction details including acquisition date (07/01/2024), intended sale date (08/12/2025), broker (Citigroup Global Markets Inc.) and exchange (NYSE). The filing contains the required representation that the seller has no undisclosed material adverse information. From a governance perspective, the filing fulfills regulatory transparency obligations without revealing additional governance concerns.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CRC file in this Form 144?

The Form 144 discloses an intended sale of 115,906 CRC common shares with an aggregate market value of $5,548,420.00.

When were the shares acquired and how?

The shares were acquired on 07/01/2024 as merger consideration in a transaction described as "Merger with and into Issuer."

When and where is the sale expected to occur?

The filing lists an approximate sale date of 08/12/2025 and names Citigroup Global Markets Inc. as the broker on the NYSE.

How large is the block being sold relative to CRC's outstanding shares?

The block of 115,906 shares represents about 0.14% of the reported 83,679,985 shares outstanding.

Are there any reported sales by the seller in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/12/2025 - 07:04 PM EDT Learn about SEC filing dates

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	0002028031
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	California Resources Corp
SEC File Number	001-36478
Address of Issuer	1 World Trade Center, Suite 1500 Long Beach CALIFORNIA 90831
Phone	888-848-4754
Name of Person for Whose Account the Securities are To Be Sold	IKAV Energy Inc.
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	Former Affiliate

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	115906	5548420.00	83679985	08/12/2025	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			115906	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/12/2025
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	/s/ Bobby Saadati, Chief Executive Officer & /s/ Megan Ebadat, Chief Financial Officer
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)