California Resources GC surrenders 2,571 shares for tax

The surrender was tied to restricted stock units vesting that day, and the EVP's reported direct holdings afterward were 101,643 shares.

Available on EDGAR 11/06/2026 - 05:02 PM EST Accepted by SEC EDGAR 11/06/2026 - 05:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

California Resources Corp EVP, Chf Strategy Officer & GC Michael L. Preston reported 2,571 shares surrendered on November 4, 2026, to satisfy tax withholding for restricted stock units that vested that day. The transaction was reported at $48.34 per share, and Preston's direct holdings afterward were 101,643 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Tax Withholding: 2,571 shares

Tax Withholding 1 txn

Insider Preston Michael L.

Role EVP, Chf Strategy Officer & GC

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	2,571	$48.34	$124K

Holdings After Transaction: Common Stock — 101,643 shares (Direct)

Holdings Before and After: Common Stock, 104,214 to 101,643 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs") surrendered to satisfy tax withholding for RSUs that vested on November 4, 2026.

Key Figures

Shares surrendered: 2,571 shares Transaction price: $48.34 per share Direct holdings after transaction: 101,643 shares

3 metrics

Shares surrendered 2,571 shares For tax withholding on restricted stock units vested November 4, 2026

Transaction price $48.34 per share Reported for the November 4, 2026 transaction

Direct holdings after transaction 101,643 shares After the November 4, 2026 transaction

Key Terms

restricted stock units, tax withholding, vested

3 terms

restricted stock units financial

"restricted stock units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding financial

"surrendered to satisfy tax withholding"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

vested financial

"RSUs that vested on November 4, 2026"

FAQ

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

How many CRC shares did Michael L. Preston surrender?

Michael L. Preston surrendered 2,571 shares on November 4, 2026, to satisfy tax withholding for restricted stock units that vested that day. The transaction was reported at $48.34 per share, leaving him with 101,643 directly held shares. No Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
11/04/2026

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	11/04/2026		F(1)		2,571	D	$48.34	101,643	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 restricted stock units ("RSUs") surrendered to satisfy tax withholding for RSUs that vested on November 4, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Michael L. Preston	11/06/2026
	** 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)