CRC (NYSE: CRC) exec surrenders 2,908 RSUs for tax withholding

Rhea-AI Filing Summary

California Resources Corp executive Christopher D. Gould, EVP & Chief Sustainability Officer, reported a Form 4 showing a tax-related share disposition. On February 22, 2026, 2,908 shares of common stock were surrendered at $59.22 per share to cover taxes on vested restricted stock units. After this tax-withholding disposition, Gould directly held 137,659 shares of California Resources Corp 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^*

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)
02/22/2026

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	02/22/2026		F(1)		2,908	D	$59.22	137,659	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 22, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Christopher D. Gould	02/24/2026
	** 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 Christopher D. Gould report?

Christopher D. Gould reported a tax-withholding disposition of 2,908 California Resources Corp common shares. These shares were surrendered to cover taxes on restricted stock units that vested on February 22, 2026, rather than sold in an open-market transaction.

Was the CRC Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 2,908 shares were surrendered to satisfy tax obligations arising from vested restricted stock units, as indicated by transaction code F and the accompanying footnote.

How many CRC shares does Christopher D. Gould hold after this Form 4?

After the reported transaction, Christopher D. Gould directly holds 137,659 shares of California Resources Corp common stock. This figure reflects his ownership following the surrender of 2,908 shares to cover tax withholding on vested restricted stock units.

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

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,908 shares were surrendered to satisfy tax withholding for restricted stock units that vested on February 22, 2026, rather than sold for investment purposes.

What role does Christopher D. Gould hold at California Resources Corp?

Christopher D. Gould serves as Executive Vice President and Chief Sustainability Officer at California Resources Corp. His Form 4 filing reflects a routine tax-withholding disposition related to equity compensation, not a discretionary buy or sell decision in the open market.