California Resources (CRC) CFO reports RSU tax withholding of 4,933 shares

Rhea-AI Filing Summary

California Resources Corp executive Clio C. Crespy reported an automatic share withholding tied to equity compensation. As Executive Vice President and Chief Financial Officer of California Resources Corp (CRC), Crespy had 4,933 shares of common stock disposed of on 01/01/2026 at a price of $44.71 per share in a transaction coded "F," which indicates shares were surrendered to cover taxes.

These shares were restricted stock units that vested on January 1, 2026 and were withheld to satisfy tax withholding obligations, rather than sold on the open market. After this transaction, Crespy beneficially owned 84,443 shares of California Resources Corp common stock in direct ownership.

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^*

Crespy Clio C.

(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 and CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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	01/01/2026		F(1)		4,933	D	$44.71	84,443	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 surrendered to satisfy tax withholding for restricted stock units that vested on January 1, 2026.

Remarks:

	/s/ Ulrik Damborg, as Attorney-in-Fact for Clio C. Crespy	01/05/2026
	** 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 executive Clio C. Crespy report on Form 4?

Clio C. Crespy, EVP and CFO of California Resources Corp (CRC), reported an automatic disposition of 4,933 shares of common stock on 01/01/2026 in a transaction coded "F," reflecting shares withheld to cover taxes on vested restricted stock units.

How many CRC shares does Clio C. Crespy beneficially own after this Form 4 transaction?

Following the reported transaction, Clio C. Crespy beneficially owns 84,443 shares of California Resources Corp common stock, held in direct ownership.

What does the F transaction code mean in this CRC Form 4 filing?

The transaction is coded "F", and the explanation states it "represents restricted stock units surrendered to satisfy tax withholding for restricted stock units that vested on January 1, 2026", meaning the shares were withheld for tax purposes rather than sold for investment reasons.

What price was used for the CRC shares surrendered for tax withholding?

The 4,933 CRC common shares surrendered in the tax withholding transaction were valued at a price of $44.71 per share in the Form 4 report.

What is Clio C. Crespy’s role at California Resources Corp?

In this filing, Clio C. Crespy is identified as an Officer of California Resources Corp, serving as EVP and CFO (Executive Vice President and Chief Financial Officer).

Was this CRC Form 4 filed by a single reporting person?

Yes. The document indicates that the Form 4 was filed by one reporting person, corresponding to Clio C. Crespy, with no joint or group filing disclosed.