[144] California Resources Corporation SEC Filing

Rhea-AI Filing Summary

California Resources Corp. (CRC) filed Form 144 disclosing a proposed secondary sale of 1,000,000 common shares through Citigroup Global Markets. The block is valued at $50.93 million and represents roughly 1.1 % of CRC’s 89,175,034 shares outstanding. The stock was acquired on 01 Jul 2024 via a merger with the issuer. No other sales by this holder occurred during the past three months. The filer plans to begin selling on or about 28 Jul 2025 on the NYSE. Form 144 notices are advance disclosures; the shares may be sold, in part or whole, subject to Rule 144 volume and timing limits. The filing does not involve the issuance of new shares or affect CRC’s cash position but signals potential additional supply of stock entering the market.

Insights

Securities Analyst

TL;DR — 1 M CRC shares (~1.1 %) worth $50.9 M registered for July 2025 sale; routine filing but sizeable supply.

The Form 144 registers a meaningful block of California Resources common stock for potential sale. At ~1.1 % of shares outstanding and $50.9 M market value, execution could exert moderate supply pressure, especially if liquidity is thin. Because the shares were merger-issued, the filing converts a previously restricted block to tradable status; it does not raise capital for CRC nor change fundamentals. No past-quarter sales lessen immediate flow-through, yet investors should monitor actual trade reports as Rule 144 limits may spread sales over time. Overall impact is noteworthy but not necessarily detrimental if absorbed by market demand.

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	1000000	50930000.00	89175034	07/28/2025	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			1000000	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

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)

FAQ

How many California Resources (CRC) shares are listed in this Form 144?

The notice covers 1,000,000 common shares.

What is the aggregate market value of the shares to be sold?

The block is valued at $50.93 million.

When may the CRC share sales begin?

The approximate start date disclosed is 28 July 2025.

Which broker is handling the transaction?

Sales are to be executed through Citigroup Global Markets Inc.

What percentage of CRC’s shares outstanding does the filing represent?

The 1,000,000 shares equal about 1.1 % of the 89,175,034 shares outstanding.

Were any shares sold by this holder in the past three months?

No; the filing states "Nothing to Report" for that period.

How were the shares originally acquired?

They were obtained on 01 Jul 2024 via a merger with the issuer as merger consideration.