Stock awards and tax withholding for California Resources (NYSE: CRC) COO

Rhea-AI Filing Summary

California Resources Corp executive Omar Hayat, EVP & Chief Operating Officer, reported routine equity-related transactions in company common stock. He acquired 1,744 shares at no cost through a grant classified as a performance stock unit award whose performance criteria were certified on February 23, 2026.

On the same date, 1,451 shares were disposed of at $58.15 per share to satisfy tax withholding obligations tied to restricted stock units and performance stock units that vested on February 23, 2026. After these transactions, Hayat directly holds 92,380 shares of California Resources common stock.

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)
02/23/2026

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)		1,744	A	$0	93,831	D
Common Stock	02/23/2026		F(2)		1,451	D	$58.15	92,380	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 Omar Hayat	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.

FAQ

What did CRC executive Omar Hayat report in this Form 4 filing?

Omar Hayat reported a grant of 1,744 California Resources common shares at no cost and the disposition of 1,451 shares to cover tax withholding. Both transactions relate to previously awarded performance and restricted stock units that vested or were certified on February 23, 2026.

How many California Resources (CRC) shares does Omar Hayat own after these transactions?

After the reported transactions, Omar Hayat directly owns 92,380 shares of California Resources common stock. This figure reflects both the 1,744-share equity grant and the 1,451-share tax-withholding disposition reported as of February 23, 2026 in the Form 4 filing.

Was the CRC insider transaction a stock purchase or a grant to Omar Hayat?

The filing shows a stock grant, not an open-market purchase. Hayat acquired 1,744 shares through a performance stock unit award with performance criteria certified on February 23, 2026, rather than buying shares in the market at a stated cash price per share.

Why were 1,451 CRC shares disposed of in Omar Hayat’s Form 4?

The 1,451 shares were surrendered to satisfy tax withholding obligations. They relate to restricted stock units and performance stock units that vested on February 23, 2026, and are categorized as a tax-withholding disposition rather than a discretionary open-market sale of California Resources stock.

What dates are important in Omar Hayat’s CRC Form 4 filing?

Key dates include February 23, 2023, when the performance stock units were originally granted, and February 23, 2026, when their performance criteria were certified and related RSUs and PSUs vested. Both the grant acquisition and tax-withholding disposition are reported as of February 23, 2026.