CRC (CRC) executive reports equity grant and tax-withholding share disposition

Rhea-AI Filing Summary

California Resources Corp Senior VP and Controller Noelle M. Repetti reported equity compensation activity in company common stock. She acquired 2,914 shares on February 23, 2026 as a grant tied to performance stock units granted in 2023 whose performance criteria were certified that day. She also disposed of 2,474 shares at $58.15 per share to cover tax withholding for restricted stock units and performance stock units that vested on the same date, leaving her with 13,374 directly owned shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Repetti Noelle M.

Role Senior VP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,914	$0.00	--
Tax Withholding	Common Stock	2,474	$58.15	$144K

Holdings After Transaction: Common Stock — 15,848 shares (Direct)

Footnotes (1)

1. Represents performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Repetti Noelle M.

(Last) (First) (Middle)

1 WORLD TRADE CENTER, SUITE 1500

(Street)

LONG BEACH CA 90831

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
California Resources Corp [ CRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/23/2026		A(1)		2,914	A	$0	15,848	D
Common Stock	02/23/2026		F(2)		2,474	D	$58.15	13,374	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026.

2. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Noelle M. Repetti	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did CRC executive Noelle Repetti report on this Form 4?

Noelle Repetti reported an equity grant and a tax-related share disposition. She received 2,914 California Resources Corp common shares from vested performance stock units and surrendered 2,474 shares to satisfy tax withholding on vested restricted stock and performance stock units.

Was the CRC Form 4 transaction a stock purchase or a compensation award?

The CRC Form 4 reflects a compensation award, not an open-market purchase. Shares were acquired through vested performance stock units granted in 2023, with additional shares surrendered solely to cover tax obligations on vested awards.

How many California Resources Corp shares does Noelle Repetti own after these transactions?

After the reported grant and tax withholding disposition, Noelle Repetti directly owns 13,374 shares of California Resources Corp common stock. This figure reflects the net balance following the equity award and the shares surrendered for tax purposes.

What are the details of the equity grant reported by CRC’s Noelle Repetti?

The equity grant represents 2,914 common shares from performance stock units awarded on February 23, 2023. Their performance criteria were certified on February 23, 2026, triggering share delivery as part of her long-term incentive compensation.

Why did Noelle Repetti dispose of CRC shares at $58.15 per share?

She disposed of 2,474 shares at $58.15 per share to satisfy tax withholding obligations. The surrendered shares covered taxes due on restricted stock units and performance stock units that vested on February 23, 2026.

Does the CRC Form 4 indicate open-market selling by the executive?

The Form 4 does not show open-market selling. The only disposition is coded as a tax-withholding transaction, where shares are delivered to cover tax liabilities on vested stock-based awards.