[Form 4] California Resources Corp Insider Trading Activity

Rhea-AI Filing Summary

California Resources Corp (CRC) reported an insider equity award: EVP and CFO Clio C. Crespy received a grant of 42,355 restricted stock units (RSUs) on November 4, 2025. Each RSU represents the right to receive one share of common stock.

The RSUs vest 10% on each of November 4, 2026, November 4, 2027, and November 4, 2028; 30% on November 4, 2029; and 40% on November 4, 2030. The award was recorded at $0 per unit as a grant. Following the transaction, Crespy beneficially owned 89,376 shares, held directly.

Insights

Equity compensation analyst

Routine time-based RSU grant to CRC’s CFO; neutral impact.

CRC disclosed a standard executive award of 42,355 RSUs. The units vest over five dates: 11/04/2026, 11/04/2027, 11/04/2028 at 10% each, then 30% on 11/04/2029 and 40% on 11/04/2030. Grant price was $0, consistent with equity compensation.

This filing aligns executive incentives with shareholders via time-based vesting and increases reported beneficial ownership to 89,376 shares held directly. Actual dilution and expense treatment are not detailed here and would be addressed in periodic reports.

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^*

Crespy Clio C.

(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)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

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	11/04/2025		A		42,355(1)	A	$0	89,376	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 grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest as follows: 10% of the RSUs on each of November 4, 2026, 2027 and 2028; 30% of the RSUs on November 4, 2029; and 40% of the RSUs on November 4, 2030.

Remarks:

	/s/ Michael L. Preston, Attorney-in-Fact for Clio C. Crespy	11/05/2025
	** 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 did CRC (CRC) disclose in this Form 4?

An award of 42,355 RSUs to EVP and CFO Clio C. Crespy on November 4, 2025.

How do the CRC CFO’s RSUs vest?

Vesting is 10% on 11/4/2026, 11/4/2027, 11/4/2028; 30% on 11/4/2029; and 40% on 11/4/2030.

What does each CRC RSU represent?

Each RSU represents a contingent right to receive one share of CRC common stock.

What was the reported price for the RSU grant?

The Form 4 lists a price of $0 for the RSU grant, reflecting a compensation award.

What is the CRC CFO’s beneficial ownership after the transaction?

Following the grant, beneficial ownership is 89,376 shares, held directly.

Who is the reporting person and what is their role at CRC?

The reporting person is Clio C. Crespy, EVP and CFO of CRC.