CRC (CRC) COO Omar Hayat surrenders 3,471 shares for RSU tax withholding

Rhea-AI Filing Summary

California Resources Corp executive Omar Hayat, EVP & Chief Operating Officer, reported a Form 4 showing a tax-related share disposition. On February 25, 2026, 3,471 shares of common stock were surrendered at $58.12 per share to cover tax withholding for vested RSUs. After this non‑open‑market transaction, Hayat directly held 88,909 common shares.

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)
02/25/2026

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	02/25/2026		F(1)		3,471	D	$58.12	88,909	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 25, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat	02/27/2026
	** 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 insider transaction did CRC executive Omar Hayat report on this Form 4?

Omar Hayat reported surrendering 3,471 California Resources Corp common shares to cover tax withholding for vested restricted stock units. The transaction was recorded at $58.12 per share and classified as a tax-withholding disposition, not an open-market sale.

Was Omar Hayat’s CRC Form 4 transaction a market sale of shares?

No. The Form 4 shows a tax-withholding disposition, where 3,471 shares were surrendered to satisfy tax obligations on RSUs that vested, rather than being sold in the open market. This is a common administrative step for equity compensation.

How many CRC shares did Omar Hayat dispose of and at what price?

Omar Hayat disposed of 3,471 shares of California Resources Corp common stock at $58.12 per share. The transaction was coded “F,” indicating payment of tax liability by delivering securities associated with restricted stock units that vested on February 25, 2026.

How many California Resources Corp shares does Omar Hayat hold after this Form 4 transaction?

After the tax-withholding disposition, Omar Hayat directly held 88,909 shares of California Resources Corp common stock. This figure reflects his ownership following the surrender of 3,471 shares to satisfy tax withholding on vested restricted stock units.

What does transaction code F mean in Omar Hayat’s CRC Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 3,471 CRC shares were surrendered to cover tax withholding for restricted stock units that vested on February 25, 2026, rather than being sold for investment purposes.

What role does Omar Hayat hold at California Resources Corp in this Form 4?

In this Form 4, Omar Hayat is identified as an officer of California Resources Corp with the title EVP & Chief Operating Officer. The reported transaction reflects equity compensation administration through RSU vesting and associated tax-withholding share surrender.