California Resources Corp (CRC) director receives 3,091 RSUs award

Rhea-AI Filing Summary

McFarland Mark Allen reported acquisition or exercise transactions in this Form 4 filing.

California Resources Corp director Mark Allen McFarland received an equity grant of 3,091 shares of Common Stock in the form of restricted stock units (RSUs). The award was made at no cash cost to him and increases his direct holdings to 79,356 shares.

Each RSU is a contingent right to receive one share of Common Stock. The RSUs will vest on April 30, 2027, and, subject to certain exceptions, will be settled in shares of Common Stock three months and one day after his separation from service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McFarland Mark Allen

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,091	$0.00	--

Holdings After Transaction: Common Stock — 79,356 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 3,091 shares Holdings after transaction: 79,356 shares Grant price: $0.00 per share +1 more

4 metrics

RSUs granted 3,091 shares Restricted stock units awarded to director on April 30, 2026

Holdings after transaction 79,356 shares Common Stock directly held by Mark Allen McFarland after grant

Grant price $0.00 per share Compensation-related RSU grant with no cash paid by director

RSU vesting date April 30, 2027 Date on which the 3,091 RSUs are scheduled to vest

Key Terms

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

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."

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.

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."

Form 4 Insider Transactions: What Each Field Means →

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^*

McFarland Mark Allen

(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)		3,091	A	$0	79,356	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 Mark Allen McFarland	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)

FAQ

What insider transaction did California Resources Corp (CRC) report for Mark Allen McFarland?

California Resources Corp reported that director Mark Allen McFarland received a grant of 3,091 restricted stock units. These units represent a compensation-related equity award rather than an open-market stock purchase or sale, and are structured as future rights to receive Common Stock.

How many California Resources Corp (CRC) shares does Mark Allen McFarland hold after this Form 4 transaction?

After the reported grant, Mark Allen McFarland directly holds 79,356 shares of California Resources Corp Common Stock. This figure reflects his position following the 3,091-share restricted stock unit award disclosed in the filing and provides context for the size of the new grant.

What are the vesting terms of the 3,091 RSUs granted by California Resources Corp (CRC)?

The 3,091 RSUs granted to Mark Allen McFarland will vest on April 30, 2027. Each restricted stock unit converts into one share of Common Stock, subject to vesting, and will be settled in shares three months and one day after his separation from service, with certain exceptions.

Are the 3,091 California Resources Corp (CRC) RSUs an open-market purchase by Mark Allen McFarland?

No, the 3,091 units are a grant of restricted stock units, not an open-market purchase. The Form 4 describes them as a grant or award, issued at no stated price per share, and structured as a contingent right to receive shares once vesting and settlement conditions are met.

When will Mark Allen McFarland receive actual California Resources Corp (CRC) shares from these RSUs?

The RSUs will first vest on April 30, 2027. Subject to certain exceptions, they will then be settled in shares of Common Stock on the date that is three months and one day after Mark Allen McFarland’s separation from service with California Resources Corp.