California Resources (NYSE: CRC) EVP sells 26,409 shares

Rhea-AI Filing Summary

California Resources Corp executive vice president Michael L. Preston reported an open-market sale of company stock. He sold 26,409 shares of Common Stock at a weighted average price of $59.8158 per share in transactions on this date. Following the sale, he directly holds 104,214 shares. The sale price reflects multiple trades executed between $59.59 and $59.86 per share.

Insider Trade Summary

Net Seller: 26,409 shares ($1,579,675)

Net Sell 1 txn

Insider Preston Michael L.

Role EVP, Chf Strategy Officer & GC

Sold 26,409 shs ($1.58M)

Type	Security	Shares	Price	Value
Sale	Common Stock	26,409	$59.8158	$1.58M

Holdings After Transaction: Common Stock — 104,214 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 26,409 shares Weighted average sale price: $59.8158 per share Holding after transaction: 104,214 shares +1 more

4 metrics

Shares sold 26,409 shares Open-market sale of Common Stock

Weighted average sale price $59.8158 per share Average price across multiple transactions

Holding after transaction 104,214 shares Directly owned Common Stock after sale

Price range of trades $59.59–$59.86 per share Range of individual transaction prices

Key Terms

open-market sale, weighted average price, Common Stock, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"within the ranges set forth in footnote (1) to this Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Preston Michael L.

(Last) (First) (Middle)

1 WORLD TRADE CENTER, SUITE 1500

(Street)

LONG BEACH CALIFORNIA 90831

(City) (State) (Zip)

UNITED STATES

(Country)

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, Chf Strategy Officer & GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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	05/12/2026		S		26,409	D	$59.8158(1)	104,214	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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.59 to $59.86, inclusive. The reporting person undertakes to provide to CRC, any security holder of CRC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Michael L. Preston	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did California Resources (CRC) report for Michael L. Preston?

California Resources reported that EVP Michael L. Preston sold 26,409 shares of Common Stock. The transaction was an open-market sale, disclosed on Form 4, reflecting routine insider trading activity subject to standard SEC reporting requirements.

At what price did the CRC executive sell his California Resources shares?

Michael L. Preston sold his California Resources shares at a weighted average price of $59.8158 per share. The trades occurred in multiple transactions with individual prices ranging from $59.59 to $59.86 per share, as disclosed in the filing footnote.

How many California Resources (CRC) shares does the executive hold after the sale?

After selling 26,409 shares, Michael L. Preston directly holds 104,214 shares of California Resources Common Stock. This post-transaction balance is reported in the Form 4 and shows his remaining direct equity position in the company.

What type of insider transaction did California Resources (CRC) disclose?

The company disclosed an open-market sale of Common Stock by executive vice president Michael L. Preston. The Form 4 identifies the transaction code as “S,” indicating a sale in the open market or private transaction under SEC reporting standards.

Did the CRC Form 4 indicate multiple trade prices for the executive’s sale?

Yes. The Form 4 footnote states the reported price is a weighted average, with shares sold in multiple trades. Individual transaction prices ranged from $59.59 to $59.86 per share, and detailed trade breakdowns are available upon request from California Resources.