California Resources grants 5,023 RSUs to director

CEPAK TIFFANY THOM reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CEPAK TIFFANY THOM reported acquisition or exercise transactions in this Form 4 filing.

California Resources Corp reported that director Tiffany Thom Cepak received a grant of 5,023 shares of Common Stock in the form of restricted stock units (RSUs) at a price of $0.0000 per share, reflecting equity compensation rather than a market purchase. Following this award, she holds 86,325 shares directly. Each RSU represents a right to one share of Common Stock and will vest on April 30, 2027. Subject to certain exceptions, the RSUs will be settled in shares three months and one day after her separation from service, tying the ultimate delivery of stock to the end of her board tenure.

Insider Trade Summary

Grant/Award: 5,023 shares

Grant/Award 1 txn

Insider CEPAK TIFFANY THOM

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,023	$0.00	$0.00

Holdings After Transaction: Common Stock — 86,325 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

RSUs granted: 5,023 shares Award price per share: $0.0000 per share Shares held after grant: 86,325 shares +1 more

4 metrics

RSUs granted 5,023 shares Restricted stock unit award to director on April 30, 2026

Award price per share $0.0000 per share Reported transaction price for RSU grant

Shares held after grant 86,325 shares Total direct Common Stock holdings following the transaction

RSU vesting date April 30, 2027 Date when RSUs vest for the director

Key Terms

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

4 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."

vest financial

"These RSUs will vest on April 30, 2027 and, subject to certain exceptions"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did California Resources Corp (CRC) disclose?

California Resources Corp disclosed that director Tiffany Thom Cepak received a grant of 5,023 restricted stock units (RSUs) of Common Stock. This is an equity-based compensation award rather than an open-market stock purchase or sale.

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

After the RSU grant, director Tiffany Thom Cepak is reported as holding 86,325 shares of California Resources Corp Common Stock directly. This figure shows her total direct position following the compensation-related award.

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

The newly granted 5,023 RSUs will vest on April 30, 2027. Vesting means the director earns the right to receive the underlying shares, subject to the award’s terms and any service-related conditions.

How will the California Resources Corp (CRC) RSUs be settled for the director?

Each RSU represents a contingent right to receive one share of Common Stock. Subject to certain exceptions, the RSUs will be settled in shares three months and one day after the director’s separation from service.

Did the California Resources Corp (CRC) director pay cash for the RSU shares?

No cash changed hands for this award. The RSUs were granted at a reported price of $0.0000 per share, indicating they are part of the director’s equity compensation rather than a market transaction.

What does a restricted stock unit (RSU) mean for California Resources Corp (CRC) shareholders?

An RSU is a contingent right to receive a share of stock in the future, typically after vesting and other conditions are met. It aligns director or executive incentives with shareholder interests through equity-based compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 04:40 PM EDT Learn about SEC filing dates

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^*

CEPAK TIFFANY THOM

(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)		5,023	A	$0	86,325	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 Tiffany Thom Cepak	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)