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[Form 4] California Resources Corp Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

California Resources Corp executive Christopher D. Gould reported equity award activity and related tax withholding. He acquired 13,186 shares of common stock on February 23, 2026 at a stated price of $0.00 per share through a grant/award tied to performance stock units whose performance criteria were certified on that date. On the same day, he disposed of 9,276 shares of common stock at $58.15 per share to satisfy tax withholding obligations for restricted stock units and performance stock units that vested. After these compensation-related transactions, he directly owned 141,569 shares of California Resources Corp common stock.

Positive

  • None.

Negative

  • None.

Insights

Compensation-related share vesting with tax withholding, not open‑market trading.

The filing shows Christopher D. Gould, EVP & Chief Sustainability Officer of California Resources Corp, receiving 13,186 shares tied to performance stock units certified on February 23, 2026. This reflects previously granted long-term incentive compensation becoming earned rather than a new cash-funded purchase.

He also surrendered 9,276 shares at $58.15 per share to cover tax liabilities on vested RSUs and PSUs. This disposition is coded as a tax-withholding transaction, not an open-market sale. Following these events, his direct holdings total 141,569 shares, indicating continued equity exposure to company performance.

Insider Gould Christopher D.
Role EVP & Chief Sustainability Off
Type Security Shares Price Value
Grant/Award Common Stock 13,186 $0.00 --
Tax Withholding Common Stock 9,276 $58.15 $539K
Holdings After Transaction: Common Stock — 150,845 shares (Direct)
Footnotes (1)
  1. Represents performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.
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*
Gould Christopher D.
(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 Sustainability Off
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
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 02/23/2026 A(1) 13,186 A $0 150,845 D
Common Stock 02/23/2026 F(2) 9,276 D $58.15 141,569 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 performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026.
2. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.
Remarks:
/s/ Ulrik Damborg, Attorney-in-Fact for Christopher D. Gould 02/25/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did California Resources Corp EVP Christopher Gould report on this Form 4 for CRC?

Christopher D. Gould reported the acquisition of 13,186 California Resources Corp common shares from performance stock units and the disposition of 9,276 shares to cover tax withholding on vested RSUs and PSUs, leaving him with 141,569 directly owned shares after the transactions.

Was Christopher Gould buying or selling CRC stock in the open market?

The activity was not open-market trading. Gould acquired shares through vesting of performance stock units and surrendered 9,276 shares at $58.15 to satisfy tax withholding on vested RSUs and PSUs, as indicated by the award and tax-withholding transaction codes A and F.

How many California Resources Corp shares does Christopher Gould own after these transactions?

After the reported equity award vesting and tax-withholding share surrender, Christopher D. Gould directly owns 141,569 shares of California Resources Corp common stock. This figure reflects his updated direct holdings following both the grant-related acquisition and the tax-withholding disposition on February 23, 2026.

What do the 13,186 CRC shares acquired by Christopher Gould represent?

The 13,186 acquired shares represent performance stock units granted on February 23, 2023, whose performance criteria were certified on February 23, 2026. Upon certification, those PSUs converted into common stock, recorded as a grant or award acquisition at a stated price of $0.00 per share.

Why were 9,276 California Resources Corp shares disposed of at $58.15?

The 9,276 shares disposed of at $58.15 were surrendered to satisfy tax withholding obligations on restricted stock units and performance stock units that vested on February 23, 2026. The transaction is coded as a tax-withholding disposition rather than a discretionary market sale.

How does this Form 4 affect Christopher Gould’s net CRC share position?

Gould’s position reflects both an inflow and outflow: 13,186 shares from vested performance stock units and 9,276 shares surrendered for tax withholding. Net, his direct ownership stands at 141,569 California Resources Corp shares after the reported February 23, 2026 transactions.