California Resources Corp (CRC) COO surrenders shares for tax withholding

Rhea-AI Filing Summary

California Resources Corp executive Omar Hayat reported a tax-related share disposition. On February 22, 2026, he surrendered 2,951 shares of common stock at $59.22 per share to cover tax withholding on restricted stock units that vested that day. After this tax-withholding disposition, he directly owned 92,087 shares of California Resources Corp common stock.

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

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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^*

Hayat Omar

(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 & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

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	02/22/2026		F(1)		2,951	D	$59.22	92,087	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 February 22, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat	02/24/2026
	** 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).
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FAQ

What did Omar Hayat report on California Resources Corp (CRC) Form 4?

Omar Hayat reported a tax-withholding disposition of California Resources Corp common stock. He surrendered shares to satisfy taxes due on restricted stock units that vested on February 22, 2026, rather than executing an open-market sale, and updated his post-transaction ownership balance.

How many California Resources Corp shares did Omar Hayat surrender and at what price?

He surrendered 2,951 shares of California Resources Corp common stock at $59.22 per share. This value reflects the price used to calculate the tax-withholding disposition tied to his restricted stock units that vested on February 22, 2026, according to the filing details.

Why did Omar Hayat dispose of California Resources Corp (CRC) shares in this Form 4?

The shares were surrendered to satisfy tax withholding obligations on restricted stock units. Those restricted stock units vested on February 22, 2026, and the filing describes the transaction as a payment of tax liability by delivering securities, not as a discretionary open-market stock sale.

How many California Resources Corp shares does Omar Hayat own after this transaction?

Following the tax-withholding disposition, Omar Hayat directly owns 92,087 shares of California Resources Corp common stock. This figure reflects his remaining direct holdings after 2,951 shares were surrendered to cover tax obligations on recently vested restricted stock units.

What transaction code was used in Omar Hayat’s California Resources Corp Form 4?

The transaction used code F, which indicates payment of exercise price or tax liability by delivering securities. In this case, it represents shares surrendered to cover tax withholding on restricted stock units that vested on February 22, 2026, rather than an ordinary market trade.

Is Omar Hayat’s California Resources Corp Form 4 transaction a market sale of shares?

No, the transaction is described as a tax-withholding disposition, coded F. The footnote explains that the surrendered shares represent restricted stock units delivered to satisfy tax withholding when those units vested, instead of an open-market sale initiated for portfolio or cash-raising reasons.