California Resources Corp (CRC) grants 3,638 RSUs to senior finance officer

Rhea-AI Filing Summary

California Resources Corp reported that Senior VP and Controller Noelle M. Repetti acquired 3,638 shares of common stock through a grant of restricted stock units. The award was made at no cash cost per share and increased her directly held stake to 16,248 shares following the transaction.

The footnote explains that each restricted stock unit represents one share of common stock and will vest in three equal annual installments on March 2 of 2027, 2028, and 2029. This structure ties the full benefit of the grant to her continued service over the next several years.

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^*

Repetti Noelle M.

(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)
	Senior VP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A(1)		3,638	A	$0	16,248	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 in three equal annual installments on each of March 2, 2027, 2028 and 2029.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Noelle M. Repetti	03/03/2026
	** 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.

FAQ

What insider transaction did CRC report for Noelle M. Repetti?

California Resources Corp reported that Senior VP and Controller Noelle M. Repetti received 3,638 restricted stock units. Each unit represents one share of common stock, awarded at no cash cost, as part of her equity compensation package with vesting over multiple years.

How many CRC shares does Noelle M. Repetti own after this Form 4 transaction?

After the reported grant, Noelle M. Repetti directly holds 16,248 shares of California Resources Corp common stock. This total reflects the addition of 3,638 shares through restricted stock units awarded as equity compensation on the reported transaction date.

What type of equity award did CRC grant to Noelle M. Repetti?

California Resources Corp granted Noelle M. Repetti 3,638 restricted stock units, or RSUs. Each RSU represents a contingent right to receive one share of common stock, subject to a vesting schedule over several years tied to her continued service.

What is the vesting schedule for Noelle M. Repetti’s CRC restricted stock units?

The 3,638 restricted stock units granted to Noelle M. Repetti vest in three equal annual installments. Vesting occurs on March 2 of 2027, 2028, and 2029, aligning the equity award with a multi-year service commitment at California Resources Corp.

Did Noelle M. Repetti pay a purchase price for the CRC shares reported on Form 4?

No cash purchase price was paid for these shares. The 3,638 units were granted as restricted stock units at a reported price of $0.00 per share, reflecting an equity compensation award rather than an open-market share purchase.

Does the Form 4 for CRC indicate a buy or sell by Noelle M. Repetti?

The Form 4 indicates an acquisition through a grant or award, not an open-market buy or sell. The transaction code is “A,” described as a grant, award, or other acquisition of 3,638 restricted stock units of California Resources Corp common stock.