Board member at California Resources (NYSE: CRC) receives 3,091 RSUs

Rhea-AI Filing Summary

Kendall Christian S reported acquisition or exercise transactions in this Form 4 filing.

California Resources Corp director Christian S. Kendall received a grant of 3,091 restricted stock units (RSUs) tied to the company’s common stock. The award was granted at no cash cost and increases his direct holdings to 33,389 shares after the transaction.

Each RSU represents a contingent right to receive one share of common stock. These RSUs will vest on April 30, 2027 and, subject to certain exceptions, will be settled in shares of common stock three months and one day after his separation from service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kendall Christian S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,091	$0.00	--

Holdings After Transaction: Common Stock — 33,389 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 3,091 units Shares held after transaction: 33,389 shares Grant price per share: $0.00 per share +1 more

4 metrics

RSU grant size 3,091 units Restricted stock units awarded to director on April 30, 2026

Shares held after transaction 33,389 shares Director’s direct common stock holdings following RSU grant

Grant price per share $0.00 per share Reported transaction price for RSU-related common stock entry

RSU vesting date April 30, 2027 Date on which the 3,091 RSUs are scheduled to vest

Key Terms

restricted stock units ("RSUs"), contingent right, separation from service

3 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right..."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

contingent right financial

"Each RSU represents a contingent right to receive one share of Common Stock."

separation from service financial

"settled in shares of Common Stock on the date that is three months and one day following the Reporting Person's separation from service."

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^*

Kendall Christian S

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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	04/30/2026		A(1)		3,091	A	$0	33,389	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 a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest on April 30, 2027 and, subject to certain exceptions, will be settled in shares of Common Stock on the date that is three months and one day following the Reporting Person's separation from service.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Christian S. Kendall	05/04/2026
	** 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 Corp (CRC) report?

California Resources Corp reported that director Christian S. Kendall received 3,091 restricted stock units. These RSUs are tied to the company’s common stock and were granted at no cash cost, representing compensation rather than an open-market purchase or sale.

How many California Resources Corp (CRC) shares does the director hold after this grant?

After the grant, director Christian S. Kendall is reported as holding 33,389 shares of California Resources Corp common stock directly. This total reflects his position following the 3,091 RSU award recorded in the Form 4 insider transaction filing.

When do the new RSUs for California Resources Corp (CRC) vest?

The 3,091 restricted stock units granted to director Christian S. Kendall will vest on April 30, 2027. Vesting means the units become earned, although actual share delivery occurs later, tied to his separation from service under the award’s settlement terms.

How and when will the California Resources Corp (CRC) RSUs be settled?

The RSUs will generally be settled in shares of California Resources Corp common stock three months and one day after Kendall’s separation from service, subject to certain exceptions. Until settlement, the RSUs remain a contingent right rather than currently issued shares.

Are the California Resources Corp (CRC) RSUs equivalent to shares today?

The RSUs represent a contingent right to receive one share of California Resources Corp common stock for each unit. They are not current shares; they vest on April 30, 2027 and are scheduled to be settled in stock only after the director’s separation from service.